533477
Enkei Wheels financials
- Market cap
- ₹717 Cr
What Enkei Wheels does
Enkei Wheels (India) Limited (EWIL), established in 2009 as part of the Japanese Enkei Group, manufactures aluminium alloy wheels for two-wheelers and four-wheelers at a single facility in Shikrapur, Pune. It runs five casting plants (10 casting lines) plus dedicated machining and painting lines, supplying OEM customers including Suzuki for passenger-vehicle (UV) wheels and other automakers for two-wheeler and four-wheeler wheels, including recently introduced large-diameter (up to 19-inch) and black clear-coated wheel variants.
Segments
- Two-Wheeler wheels
- Four-Wheeler wheels
- Manufacturing plants
- 5 plants (10 casting lines), single facility at Shikrapur, Pune
- Four-wheeler wheel production capacity
- 140,000 units/month
- Two-wheeler wheel production capacity
- 120,000 units/month
- Painting line capacity
- 170,000 wheels/month
- Largest wheel diameter produced
- 19-inch (four-wheeler)
- Quality certifications
- IATF 16949:2016, ISO 14001:2015, ISO 45001:2018
Quarterly results
Q1 FY27: revenue up 36.9%, net profit up 600.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 239 | 195 | 228 | 233 | 265 +11% | 245 +26% | 299 +31% | 319 +37% |
| EBITDA | 22 | 8 | 11 | 17 | 30 +36% | 25 +213% | 19 +73% | 34 +100% |
| Net profit | -5 | -3 | -5 | -2 | 8 +260% | 4 +233% | -1 +80% | 10 +600% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −17.2% 1Y
1Y: ₹490.25 on 10 Sept 2025 → ₹405.8. High ₹537.2 (10 Nov 2025), low ₹342.45 (29 Jun 2026).
Financials, as filed
Revenue grew 16.4% a year over 2 years, FY23 to FY25. Operating margin held at 8.5%.
| Year ending | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | ₹716 Cr | ₹845 Cr | ₹971 Cr |
| Operating profit | ₹62 Cr | ₹61 Cr | ₹83 Cr |
| Operating margin | 8.6% | 7.2% | 8.5% |
| Interest | ₹11 Cr | ₹14 Cr | ₹21 Cr |
| Depreciation | ₹41 Cr | ₹51 Cr | ₹58 Cr |
| Net profit | ₹12 Cr | ₹2 Cr | ₹5 Cr |
| Net margin | 1.6% | 0.2% | 0.5% |
| Cash from operations | ₹59 Cr | ₹28 Cr | ₹44 Cr |
| Free cash flow | ₹2 Cr | ₹-36 Cr | ₹16 Cr |
| ROCE | 7.0% | 4.0% | 8.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Equity capital | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr | ₹9 Cr |
| Reserves | ₹182 Cr | ₹199 Cr | ₹212 Cr | ₹224 Cr | ₹226 Cr | ₹231 Cr |
| Borrowings | ₹184 Cr | ₹187 Cr | ₹162 Cr | ₹167 Cr | ₹206 Cr | ₹210 Cr |
| Other liabilities | ₹78 Cr | ₹94 Cr | ₹110 Cr | ₹134 Cr | ₹122 Cr | ₹155 Cr |
| Total liabilities | ₹452 Cr | ₹488 Cr | ₹494 Cr | ₹534 Cr | ₹564 Cr | ₹605 Cr |
| Fixed assets | ₹122 Cr | ₹110 Cr | ₹231 Cr | ₹344 Cr | ₹314 Cr | ₹323 Cr |
| Capital work in progress | ₹189 Cr | ₹218 Cr | ₹100 Cr | ₹2 Cr | ₹43 Cr | ₹1 Cr |
| Investments | ₹0 Cr | ₹3 Cr | ₹3 Cr | ₹4 Cr | ₹3 Cr | ₹4 Cr |
| Other assets | ₹142 Cr | ₹158 Cr | ₹159 Cr | ₹183 Cr | ₹204 Cr | ₹277 Cr |
| Total assets | ₹452 Cr | ₹488 Cr | ₹494 Cr | ₹534 Cr | ₹564 Cr | ₹605 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 5% to 3,730.
- Promoters
- 75.0%
- FIIs
- 0.0%
- Public
- 25.0%
Since Jun 2025
- FIIs −0.01 pp
- Promoters 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Dec '23: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Mar '24: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Jun '24: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Sep '24: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Dec '24: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Mar '25: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Jun '25: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Sep '25: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Dec '25: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Mar '26: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Jun '26: Promoters 75.0%, FIIs 0.0%, Public 25.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Vijaya S +0.25 pp 1.79% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Enkei Wheels above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Enkei Corporation | 74.97% | unchanged |
| Nastic Trading Llp | 3.17% | unchanged |
| Vijaya S | 1.79% | +0.25 pp |
| Pamela Trading Llp | 1.59% | unchanged |
| Shailendrajit Charanjit Rai | 1.46% | unchanged |
| Skyblue Trading And Investments P Ltd | 1.42% | unchanged |
| Neerav A Parekh | 1.40% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Enkei Wheels
Guides on how to read this kind of business and the numbers that matter.