Enkei Wheels Multibagger 2 year time frame

Enkei Wheels Multibagger 2 year time frame

• Enkei Wheels (India) Limited is a manufacturer of the Aluminum Alloy Wheels to two wheelers as well as four wheelers. It’s a part of Enkei Group which is a Global Leader in this segment.

• Enkei Wheels is de-merged from the erstwhile Enkey Castalloy Ltd. This company is a 35% subsidiary of the Japanese wheel maker Enkei Corporation .

• Its parent company having operations globally in more than 15 countries around the world and it is one of the prominent maker of wheels with specialization in Racing wheel.

•  This comapny has grown in popularity of motor sports is very limited in India compared with developed countries.But the chances are very high for rapid changes in motor sports sector in our country going forward. 

• With the help of Japanese Technology the Company’s plant is equipped with the advance machinery & system for manufacturing aluminum alloy wheels. for other automobile sectors like Car's and two wheelers .

• Major customers here includes Honda,Maruti,Hero Honda,Nissan,Toyota ..etc.Company is also supplying part of its production to its sister concerns outside India.

• The falling oil prices are going to bring huge grwoth for indian Auto sector and Emkei is going to benefit hugelt.Todays youths are giving alway looking for alloy wheels for pepey drive and the hole customer view is changing on wheels.

• With the strong support of parent company Enkei Wheels is improving its performance.Since the parent company is keen to develop business in India , possibility of a buy out and delisting  can't be ruled out in future.

• Sales has grown by 20 % and profit by 20 % and this company could is showing strong growth story with Make in india tag.

Ccurrently ruling at 146 this stock can reach 300 Rs in 2 year timeframe.