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Enkei Wheels (India) Ltd (533477)

📊 BSE: 533477 🏢 Auto Components & Equipments 📢 Latest filing: 06 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Enkei Wheels' revenue was ₹319 Cr (+36.8% year on year, +6.7% on the previous quarter), and net profit ₹10.2 Cr (against a loss a year earlier); the operating margin was 10.7%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹319	+36.8%	+6.7%
Operating profit	₹34.2	+103.1%	+82.2%
Net profit	₹10.2	from loss	from loss
EPS (₹)	5.70	from loss	from loss
Operating margin	10.7%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Rs 9.64 Cr Net Profit: Enkei Wheels Reports Strong Q1 FY27 Turnaround

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 06 Aug 2026, 05:22 PM

Enkei Wheels (India) Ltd reported a significant turnaround in Q1 FY27, posting a net profit of Rs 9.64 cr compared to a net loss of Rs 1.71 cr in the same quarter last year. Revenue from operations grew 36.4% YoY to Rs 318.03 cr, up from Rs 233.16 cr. However, the company faces working capital pressure, evidenced by a negative operating cash flow of Rs 53.85 cr for the half-year ended June 2026. Total borrowings have also climbed to Rs 307.19 cr, up from approximately Rs 210 cr in December 2025.

Revenue from operations increased to Rs 318.03 cr in Q1 FY27 from Rs 233.16 cr in Q1 FY26.
Net profit turned positive at Rs 9.64 cr vs a loss of Rs 1.71 cr in the year-ago period.
Total borrowings (current and non-current) rose to Rs 307.19 cr as of June 30, 2026.
Negative cash flow from operations of Rs 53.85 cr recorded for the six-month period ended June 2026.
Finance costs for the quarter stood at Rs 4.86 cr, reflecting the impact of increased debt.

💡 Investors should monitor if the company can sustain this profitability turnaround in subsequent quarters and improve its cash conversion cycle to reduce reliance on debt. The sharp increase in borrowings relative to the company's net worth (D/E ~0.88) remains a key metric to track.

Enkei Wheels Q1 FY27: Revenue up 36% YoY to ₹318 Cr; PAT Turns Positive at ₹10.25 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 06 Aug 2026, 05:17 PM

Enkei Wheels (India) Ltd reported a strong turnaround in Q1 FY27, with revenue from operations growing 36.4% YoY to ₹318.03 Cr. The company posted a net profit of ₹10.25 Cr, a significant recovery from a net loss of ₹1.71 Cr in the same quarter last year. Despite the profit turnaround, the company faces liquidity pressure with a negative operating cash flow of ₹53.85 Cr for the six-month period ended June 2026. Total borrowings have escalated to ₹307.19 Cr, representing a high debt-to-equity profile relative to its ₹249.79 Cr net worth.

Revenue from operations grew 36.4% YoY to ₹318.03 Cr compared to ₹233.16 Cr in Q1 FY26.
Net profit turned positive at ₹10.25 Cr for the quarter, up from a loss of ₹1.71 Cr in the year-ago period.
Total borrowings (current and non-current) reached ₹307.19 Cr as of June 30, 2026.
Negative cash flow from operations of ₹53.85 Cr for the half-year ended June 2026 due to working capital buildup.
Inventory levels stood at ₹114.24 Cr, contributing to the cash flow strain.

💡 Monitor the company's ability to improve its cash conversion cycle, as significant capital is currently locked in inventories and receivables. Watch for any debt reduction initiatives in upcoming quarters to improve the balance sheet health.

Enkei Wheels Board Meeting on August 6, 2026, to Approve Q1 FY27 Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 29 Jul 2026, 07:08 PM

Enkei Wheels (India) Ltd has scheduled a board meeting for August 6, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. The company is coming off a volatile FY26 where it reported a net profit of Rs 5.0 Cr on revenue of Rs 972 Cr, but faced a marginal net loss of Rs 0.61 Cr in the most recent March 2026 quarter. With a high P/E of 67.1 and a debt-to-equity ratio of 0.88, the upcoming results are critical for assessing margin recovery. The stock has seen significant pressure, declining 29.5% over the last 12 months.

Board meeting scheduled for August 6, 2026, to review Q1 FY27 performance
Company reported a net loss of Rs 0.61 Cr in the preceding quarter ended March 2026
TTM Revenue stands at Rs 1,043 Cr compared to a Market Cap of Rs 659 Cr
Operating profit margin (OPM) currently stands at 8.6% based on TTM data
Promoter holding remains stable at 74.97% as of June 2026

💡 Monitor the results on August 6 to check for a return to profitability and improvement in operating margins, which have been under pressure in recent quarters.

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