Enkei Castalloy Limited, incorporated in 1990, is a joint venture between Rai and Associates of India and Enkei Corporation, Japan. The company is a leading manufacturer of aluminium alloy gravity and low pressure die castings for major automotive manufacturers in India and exports to USA and Europe.

With technical expertise from Enkei Japan, it has developed leadership in establishing one of the most advanced manufacturing systems in India for aluminum die cast products. Enkei Castalloy Limited currently leads the Indian market in manufacturing cylinder heads for two wheelers and alloy wheels for 2 wheelers as well as 4 wheelers. Enkei has the distinction of being a single source supplier of many critical engine parts to some of India’s largest OEMs.

Enkei Corporation was founded on 5th October 1950, in Hamamatsu, Japan as a manufacturer of die cast aluminum engine parts for motorcycles.

Establishing strong mechanisms to control quality, cost and delivery, Enkei Castalloy Ltd. not only supplies its products to India but also is foraying into international markets. Enkei currently supplies its products to various Tier I / Tier II suppliers of global OEMs in Europe and USA. Enkei’s customers include Maruti Udyog Limited, Honda Siel Cars Limited, Tata Motors, Hyundai Motors, Mahindra & Mahindra, Bajaj Auto Limited, Hero Honda Motor Industries, Honda Scooter and Motorcycle Company, Suzuki Motors India Limited, Yamaha India and many more. International customers include Trelleborg, Behr Group, ZF Group, and GWK Group.

The main plant is located at Shikrapur, Pune with 1500 employees while the second plant has recently come up at Gurgaon in north India. Plans for the third plant are under finalization which is expected to come up at Pantnagar, Uttaranchal. Its annual capacity through the existing facilities is 15000 MT of aluminum castings that include 1,500,000 wheels per annum. State of the art m/c are used with robust processes.

The client list of the company include names like Honda, Yamaha, Bajaj, Tata, Eicher, Sona, Greaves, Faiveley, etc.

Die designing and tool manufacturing is done through its sister concern – Silicon Meadows. More than 100 engineers are dedicated in 3D modeling and design service starting from concept through specification, tool design and validation. Its design and processes enable it to manufacture critical parts such as intake manifolds having a wall thickness of 2mm or components having lengths of 1200mm. it had deployed 60 nos. CNC machines (VMCs and HMCs) of makes like Brother, Argo, Hartford, Makino, Aries, Mazak etc. it has the capability to offer fully machined components with diameter tolerance of +/- 10 microns and angular tolerance of +/- 0.1 degree. Run out are controlled within 0.03mm.

Product range of the ciompany includes:

Cylinder heads for passenger cars
Cylinder heads for four stroke 2/3 wheelers
Support brackets
Steering rods and intake manifolds
Engine crank cases
Valve housings & alloy wheels

Awards/Achievements

The company's plants are TS 16949 certified.

Future plans

In continuation of its growth pursuit, Enkei is aggressively targeting international customers and has a vision to achieve sales of Rs 10,000 million by 2009-10.

Market Cap	1,329 Cr	ROE	11.0%
P/E Ratio(TTM)	27.0	EPS(TTM)	0.0
P/B Ratio	2.6	Dividend Yield	0.8%
Industry P/E	20.3	Book Value	316.4
		Face Value	5.0

Fundamentals