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Balance sheet of Enkei Wheels is strong.
But short term working capital might become an issue for this company.
Yes, The net debt of Enkei Wheels is increasing.
Latest net debt of Enkei Wheels is ₹193 Crs as of Dec-24.
This is greater than Dec-23 when it was ₹143 Crs.
No, profit is decreasing.
The profit of Enkei Wheels is -₹11.51 Crs for TTM, ₹2.66 Crs for Dec 2024 and ₹11.7 Crs for Dec 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
Enkei Wheels latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
Companies resources are allocated to majorly unproductive assets like Capital Work in Progress, Inventory