Automotive Axles Ltd.

NSE: AUTOAXLES  SECTOR: Auto Ancillary

739.9
+76.55 (11.54%)

Price Summary

Today's High

₹ 755

Today's Low

₹ 656.65

52 Week High

₹ 1010

52 Week Low

₹ 335.7

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.

Company Essentials

Market Cap

1118.13503025 Cr.

Enterprise Value

1067.04703025 Cr.

No. of Shares

1.5111975 Cr.

P/E

0

P/B

2.2

Face Value

₹ 10

Div. Yield

0.91%

Book Value (TTM)

₹  336.7528

CASH

74.005 Cr.

DEBT

22.917 Cr.

Promoter Holding

71.04%

EPS (TTM)

₹  -4.3145

Sales Growth

-50.9057565540097%

ROE

7.59171768451677 %

ROCE

10.5045554551425 %

Profit Growth

4.26804543897945 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1w1m3m6m1Yr3Yr5Yr

* Prices are based on daily market changes.

Valuation Chart 1w1m3m6m1Yr3Yr5Yr

* The chart is based on the standalone earnings of the company.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

Sales Growth (in Cr.)

1 Year-50.91%
3 Year-6.7%
5 Year15.7%

Profit Growth (in Cr.)

1 Year-65.77%
3 Year-6.32%
5 Year30.97%

ROE%

1 Year7.59%
3 Year17.27%
5 Year15.38%

ROCE %

1 Year10.5%
3 Year25.35%
5 Year22.53%

Debt/Equity

0.0430821695050354

Price to Cash Flow

5.65

Interest Cover Ratio

33.8998339789707

CFO/PAT (5 Yr. Avg.)

1.99620305360128

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2019 71.04 0
Sep 2019 71.04 0
Jun 2019 71.04 0
Mar 2019 71.04 0
Dec 2018 71.04 0
* Figures given above are % of equity capital

 Strengths

  • The company has significantly decreased its debt by 50.083 Cr.
  • Company has been maintaining healthy ROCE of 25.3492217564251% over the past 3 years.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 33.8998339789707.
  • The company has an efficient Cash Conversion Cycle of 78.2769059081741 days.
  • Company has a healthy liquidity position with current ratio of 2.58541929780248.
  • The company has a good cash flow management; CFO/PAT stands at 1.99620305360128.
  • The company has a high promoter holding of 71.04%.

 Limitations

  • The company has shown a poor profit growth of -6.31848924794479% for the Past 3 years.
  • The company has shown a poor revenue growth of -6.70487876682459% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
Net Sales 418.45 200.05 164.71 168.76 38.85
Total Expenditure 369.65 183.13 149.93 155.96 52.62
Operating Profit 48.79 16.92 14.78 12.79 -13.76
Other Income 1.36 2.09 1.81 2.46 2.24
Interest 0.32 0.33 0.71 0.45 0.8
Depreciation 9.37 9.14 9.09 9.63 8.66
Exceptional Items -2.02 0 0 0 -3.77
Profit Before Tax 38.44 9.54 6.79 5.18 -24.76
Tax 13.83 3.3 2.26 -0.57 -1.72
Profit After Tax 24.62 6.24 4.53 5.75 -23.04
Adjusted EPS (Rs) 1.63 0.41 0.3 0.38 -1.52

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Net Sales 1085.97 1172.31 1519.37 1939.04 951.96
Total Expenditure 990.92 1058.97 1354.21 1712.81 859.18
Operating Profit 95.05 113.34 165.16 226.24 92.78
Other Income 1.58 2.02 4.52 2.96 7.72
Interest 5.66 1.23 0.55 0.55 1.81
Depreciation 39.44 39.11 42.95 46.19 37.22
Exceptional Items 0 0 0 0 -2.02
Profit Before Tax 51.52 75.01 126.18 182.46 59.45
Tax 16.75 25.6 43.89 63.76 18.82
Net Profit 34.77 49.42 82.3 118.7 40.63
Adjusted EPS (Rs.) 23.01 32.7 54.46 78.55 26.89

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Equity and Liabilities
Share Capital 15.11 15.11 15.11 15.11 15.11
Total Reserves 312.09 361.48 429.22 523.33 516.83
Borrowings 0 0 0 65.9 18.75
Other N/C liabilities 15.62 5.2 -0.64 -7.12 9.4
Current liabilities 215.73 181.84 284.62 321.25 158.36
Total Liabilities 558.55 563.63 728.32 918.47 718.45
Assets
Net Block 168.39 145.77 117.62 108.85 255.37
Capital WIP 8.91 7.26 16.71 115.5 24.06
Investments 0 0 0 0 0
Loans & Advances 13.98 15.22 11.31 41.05 18.42
Other N/C Assets 0 0 9.6 9.4 11.17
Current Assets 367.28 395.37 573.08 643.68 409.43
Total Assets 558.55 563.63 728.32 918.47 718.45
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
Profit Before Tax 51.52 75.01 127.82 185.31 59.95
Adjustment 50.09 44.8 46.15 58.88 38.49
Working Capital Changes -26.94 8.53 -71.99 -68.92 114.05
Tax Paid -17.77 -31.27 -50.78 -69.66 -14.69
Operating Cash Flow 56.91 97.08 51.19 105.61 197.8
Investing Cash Flow -25.29 -22.54 -27.2 -157.11 -58.91
Financing Cash Flow -34.93 -39.77 -14.6 47.02 -104.89
Net Cash Flow -3.32 34.77 9.39 -4.48 33.99

Corporate Actions

Ratings & Research Reports

Company Presentations

Company News

Auto.Axle Stock Price Analysis and Quick Research Report. Is Auto.Axle an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Auto.Axle is performing and if it is the right time to buy the stock of Auto.Axle with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Auto.Axle has reported poor sales growth of -50.9057565540097 % and in the latest quarter sales was Rs 38.852 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 5.59361641493303 times for Auto.Axle . It is managing its inventory poorly .
     
  • The company reported Profit loss of -65.7705625152697 % over the year, where the latest year profit is Rs 40.63 Cr compared to the previous year of Rs 118.699 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs -11.524 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Auto.Axle has a poor ROE of 7.59171768451677 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Auto.Axle has a low Debt to Equity ratio of 0.0430821695050354.
     
  • Auto.Axle pays a dividend of 6.8 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0.9138 %.
     
  • The share of promoter in the company is high at 71.04 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Auto.Axle is 0 compared to the 5 year average PE of 20.8142302321273 .
Brief about Auto.Axle

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