Enkei Wheels India Ltd
Enkei Wheels (India) Limited is India’s leading manufacturer and supplier of aluminium wheels. It is part of the Enkei Group, a globally renowned Japanese multinational conglomerate with more than six decades of experience in manufacturing aluminium wheels. [1]
- Market Cap ₹ 1,248 Cr.
- Current Price ₹ 694
- High / Low ₹ 760 / 490
- Stock P/E 50.0
- Book Value ₹ 130
- Dividend Yield 0.00 %
- ROCE 7.01 %
- ROE 5.15 %
- Face Value ₹ 5.00
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 5.42 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 5.09% over last 3 years.
- Company might be capitalizing the interest cost
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
287 | 320 | 384 | 385 | 407 | 465 | 474 | 267 | 235 | 451 | 663 | 716 | 805 | |
265 | 299 | 346 | 346 | 373 | 423 | 450 | 270 | 235 | 413 | 617 | 655 | 731 | |
Operating Profit | 22 | 21 | 38 | 40 | 34 | 42 | 25 | -4 | 0 | 38 | 46 | 61 | 74 |
OPM % | 8% | 7% | 10% | 10% | 8% | 9% | 5% | -1% | 0% | 8% | 7% | 9% | 9% |
6 | 6 | 0 | -12 | 0 | 6 | 15 | 32 | 1 | 2 | 8 | 8 | 18 | |
Interest | 6 | 9 | 8 | 5 | 5 | 5 | 5 | 5 | 13 | 3 | 16 | 11 | 11 |
Depreciation | 16 | 18 | 28 | 26 | 22 | 23 | 21 | 18 | 22 | 19 | 28 | 42 | 45 |
Profit before tax | 6 | 1 | 2 | -3 | 7 | 19 | 14 | 5 | -33 | 17 | 10 | 16 | 37 |
Tax % | 24% | 20% | -21% | 91% | 63% | 44% | 7% | 47% | -4% | 7% | 61% | 27% | |
4 | 1 | 2 | -5 | 3 | 11 | 13 | 3 | -31 | 16 | 4 | 12 | 25 | |
EPS in Rs | 3.41 | 0.42 | 1.70 | -3.87 | 1.84 | 6.99 | 7.85 | 1.60 | -17.45 | 9.06 | 2.06 | 6.51 | 13.88 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 10% |
5 Years: | 9% |
3 Years: | 45% |
TTM: | 29% |
Compounded Profit Growth | |
---|---|
10 Years: | 55% |
5 Years: | 7% |
3 Years: | 33% |
TTM: | 360% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 14% |
3 Years: | 22% |
1 Year: | 35% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | -2% |
3 Years: | 5% |
Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 7 | 7 | 7 | 8 | 8 | 9 | 9 | 9 | 9 | 9 |
Reserves | 6 | 10 | 12 | -5 | 36 | 73 | 121 | 175 | 182 | 199 | 212 | 224 |
141 | 121 | 88 | 79 | 69 | 73 | 86 | 152 | 184 | 187 | 162 | 167 | |
200 | 180 | 177 | 158 | 123 | 121 | 115 | 87 | 78 | 94 | 110 | 134 | |
Total Liabilities | 353 | 318 | 283 | 239 | 236 | 275 | 330 | 423 | 452 | 488 | 494 | 534 |
158 | 181 | 164 | 131 | 129 | 127 | 126 | 140 | 122 | 110 | 231 | 344 | |
CWIP | 25 | 0 | 0 | 0 | 0 | 2 | 55 | 101 | 189 | 218 | 100 | 2 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 4 |
170 | 136 | 119 | 108 | 107 | 147 | 148 | 182 | 142 | 158 | 159 | 183 | |
Total Assets | 353 | 318 | 283 | 239 | 236 | 275 | 330 | 423 | 452 | 488 | 494 | 534 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
26 | 18 | 26 | 13 | 17 | 25 | 39 | 6 | 16 | 28 | 49 | 59 | |
-31 | -15 | -11 | -6 | -20 | -44 | -71 | -89 | -64 | -37 | -42 | -56 | |
-7 | -25 | -34 | -8 | 3 | 20 | 42 | 104 | 37 | 12 | -33 | 2 | |
Net Cash Flow | -12 | -22 | -18 | -1 | -0 | 2 | 11 | 21 | -11 | 3 | -26 | 4 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 66 | 63 | 54 | 61 | 58 | 56 | 34 | 29 | 44 | 57 | 31 | 43 |
Inventory Days | 53 | 21 | 31 | 33 | 22 | 33 | 72 | 183 | 168 | 56 | 67 | 56 |
Days Payable | 151 | 106 | 113 | 102 | 61 | 55 | 56 | 87 | 100 | 51 | 58 | 65 |
Cash Conversion Cycle | -32 | -21 | -28 | -8 | 19 | 34 | 49 | 126 | 113 | 62 | 40 | 34 |
Working Capital Days | -2 | 16 | 11 | 29 | 38 | 28 | 19 | 35 | 21 | 37 | 29 | 26 |
ROCE % | 4% | 3% | 8% | 15% | 12% | 14% | 3% | -9% | -6% | 6% | 7% | 7% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
16 Jul - Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations 2018 for the quarter ended June 2024.
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Announcement under Regulation 30 (LODR)-Change in Management
10 Jul - Change in Management - Resignation of CFO w.e.f. 10th July 2024
- Closure of Trading Window 27 Jun
-
Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
19 Jun - Resignation of Chief Financial Officer(Key Managerial Personnel - KMP)
- Announcement under Regulation 30 (LODR)-Change in Management 4 Jun
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Formation
The company was formed under a scheme of arrangement in 2009 wherein the wheel division of Enkei Castalloy Ltd was demerged into Enkei Wheels (India) Ltd. Post the scheme of arrangement, the Rai Group (Indian promoter of Enkei Castalloy) got the castalloy business and renamed the company Alicon Castalloy Ltd; the Enkei Corporation (Foreign promoter of Enkei Castalloy) got the wheels business of the joint venture. [1]