Automotive Axles Ltd.

NSE: AUTOAXLES BSE: 505010 SECTOR: Auto Ancillary  14k   89   10

1934.55
-39.75 (-2.01%)
NSE: Today, 01:34 PM

Price Summary

Today's High

₹ 1987.8

Today's Low

₹ 1914.3

52 Week High

₹ 2139.65

52 Week Low

₹ 1170.2

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

2923.49 Cr.

Enterprise Value

2869.36 Cr.

No. of Shares

1.51 Cr.

P/E

29.47

P/B

4.49

Face Value

₹ 10

Div. Yield

0.77 %

Book Value (TTM)

₹  431.09

CASH

72.88 Cr.

DEBT

18.75 Cr.

Promoter Holding

71.04 %

EPS (TTM)

₹  65.64

Sales Growth

-4.87%

ROE

4.19 %

ROCE

5.88%

Profit Growth

-44.74 %

* 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 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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

 Group Companies

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Ratios

Sales Growth

1 Year64.6%
3 Year-8.39%
5 Year4.92%

Profit Growth

1 Year227.14%
3 Year-14.44%
5 Year8.51%

ROE%

1 Year12.66%
3 Year8.18%
5 Year13.75%

ROCE %

1 Year16.97%
3 Year11.14%
5 Year19.8%

Debt/Equity

0.0235

Price to Cash Flow

60.04

Interest Cover Ratio

11.1599865274503

CFO/PAT (5 Yr. Avg.)

1.59214453445675

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2022 71.04 0
Mar 2022 71.04 0
Dec 2021 71.04 0
Sep 2021 71.04 0
Jun 2021 71.04 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 11.1599865274503.
  • The company has an efficient Cash Conversion Cycle of 35.9816148050036 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.59214453445675.
  • The company has a high promoter holding of 71.04%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 4.14069034808685.

 Limitations

  • The company has shown a poor profit growth of -34.8763884372968% for the Past 3 years.
  • The company has shown a poor revenue growth of -15.8435939418094% for the Past 3 years.
  • The company is trading at a high PE of 29.47.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Net Sales 255.01 308.94 374.4 552.28 500.2
Total Expenditure 239.43 286.8 339.49 490.23 448.67
Operating Profit 15.57 22.14 34.91 62.05 51.52
Other Income 1.09 1.05 1.68 0.44 1.09
Interest 0.68 0.63 0.54 0.63 0.75
Depreciation 8.22 8.62 9.27 10.32 10.29
Exceptional Items 0 0 0 0 0
Profit Before Tax 7.77 13.94 26.79 51.55 41.58
Tax 2.2 3.8 6.98 12.71 11.17
Profit After Tax 5.57 10.14 19.8 38.84 30.4
Adjusted EPS (Rs) 3.69 6.71 13.1 25.7 20.12

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

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 1519.37 1939.04 951.96 905.57 1490.62
Total Expenditure 1354.21 1712.81 858.67 839.74 1355.94
Operating Profit 165.16 226.24 93.28 65.83 134.68
Other Income 4.52 2.96 7.72 7.07 4.26
Interest 0.55 0.55 1.81 2.97 2.47
Depreciation 42.95 46.19 37.22 36 36.42
Exceptional Items 0 0 -2.02 -3.77 0
Profit Before Tax 126.18 182.46 59.95 30.17 100.05
Tax 43.89 63.76 18.82 7.44 25.69
Net Profit 82.3 118.7 41.13 22.73 74.36
Adjusted EPS (Rs.) 54.46 78.55 27.22 15.04 49.2

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 15.11 15.11 15.11 15.11 15.11
Total Reserves 429.22 523.33 516.83 538.94 605.95
Borrowings 0 65.9 18.75 14.58 10.42
Other N/C liabilities -0.64 -7.12 9.4 6.11 8.59
Current liabilities 284.62 321.25 158.36 364.86 397.18
Total Liabilities 728.32 918.47 718.45 939.61 1037.25
Assets
Net Block 117.62 108.85 255.37 245.28 258.73
Capital WIP 16.71 115.5 24.06 32.36 3.27
Intangible WIP 0 0 0 0 0
Investments 0 0 0 0 0
Loans & Advances 11.31 41.05 18.42 14.12 8.51
Other N/C Assets 9.6 9.4 11.17 11.28 11.95
Current Assets 573.08 643.68 409.43 636.57 754.78
Total Assets 728.32 918.47 718.45 939.61 1037.25
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 127.82 185.31 59.95 30.17 100.05
Adjustment 46.15 58.88 38.49 40.61 40
Changes in Assets & Liabilities -71.99 -68.92 114.05 -12.59 -73.89
Tax Paid -50.78 -69.66 -14.69 -9.49 -22.87
Operating Cash Flow 51.19 105.61 197.8 48.69 43.29
Investing Cash Flow -27.2 -157.11 -58.91 -39.76 -26.54
Financing Cash Flow -14.6 47.02 -104.89 -10.07 -15.15
Net Cash Flow 9.39 -4.48 33.99 -1.13 1.6

Corporate Actions

Investors Details

PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Promoters 71.04 71.04 71.04 71.04 71.04
bf investment limi... 35.52 35.52 35.52 35.52 35.52
meritor heavy vehi... 35.52 35.52 35.52 35.52 35.52
PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Investors 28.96 28.96 28.96 28.96 28.96
reliance capital t... - - - - -
nippon life india ... - - - - -
nippon life india ... 8.54 8.54 8.54 8.54 8.54
bajaj allianz life... - - - - -
sbi contra fund 3.53 3.44 2.88 2.18 1.54
sbi infrastructure... - - - - -
idfc emerging busi... - - 1.04 1.59 1.73
siddharth iyer 1.04 1.04 1.04 1.04 1.04
iepf 0.24 0.24 0.24 0.23 0.25

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Automotive Axles informs about details of loss of certificate6 Aug 2022, 2:14PM Auto.Axle - Quaterly Results5 Aug 2022, 2:21PM Auto.Axle - Quaterly Results5 Aug 2022, 2:21PM Auto.Axle - Quaterly Results5 Aug 2022, 2:21PM Automotive Axles informs about board meeting25 Jul 2022, 2:38PM Automotive Axles informs about newspaper publication15 Jul 2022, 4:22PM Automotive Axles informs about press release14 Jul 2022, 3:51PM Auto.Axle - Quaterly Results17 May 2022, 2:15PM Auto.Axle - Quaterly Results17 May 2022, 2:15PM Auto.Axle - Quaterly Results17 May 2022, 2:15PM Automotive Axles informs about details of loss of certificate 29 Apr 2022, 2:46PM Automotive Axles informs about letter of confirmation21 Apr 2022, 10:26AM Automotive Axles to acquire 26% stake in Parola Renewables8 Feb 2022, 10:10AM Automotive Axles informs about analyst meet5 Feb 2022, 12:44PM Auto.Axle - Quaterly Results4 Feb 2022, 5:23PM Auto.Axle - Quaterly Results4 Feb 2022, 5:23PM Automotive Axles planning to acquire stake in Suryaurja One21 Jan 2022, 10:34AM Automotive Axles informs about details of loss of share certificate 24 Nov 2021, 1:31PM Automotive Axles informs about statement of unaudited financial results8 Nov 2021, 4:20PM Auto.Axle - Quaterly Results8 Nov 2021, 2:46PM Automotive Axles informs about loss of share certificate18 Aug 2021, 9:47AM Automotive Axles informs about scrutinizer’s report on remote e-voting 12 Aug 2021, 11:43AM Automotive Axles informs about annual report17 Jul 2021, 2:13PM Automotive Axles informs about loss of share certificate17 Jul 2021, 12:07PM Automotive Axles informs about confirmation certificate13 Jul 2021, 1:35PM Automotive Axles submits disclosure 12 Jun 2021, 11:55AM Automotive Axles informs about disclosure31 May 2021, 4:23PM Automotive Axles informs about newspaper advertisement17 May 2021, 11:15AM Automotive Axles informs about closure of trading window29 Dec 2020, 3:22PM

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 -4.87248387008671 % and in the latest quarter sales was Rs 374.396 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 5.07926198268537 times for Auto.Axle . It is managing its inventory poorly .
     
  • The company reported Profit loss of -44.7415763115671 % over the year, where the latest year profit is Rs 22.73 Cr compared to the previous year of Rs 41.134 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 34.91 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Auto.Axle has a poor ROE of 4.18603451959131 %. 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 0.0338.
     
  • Auto.Axle pays a dividend of 4.5 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0.7557 %.
     
  • 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 30.0795295264794 compared to the 5 year average PE of 29.6234501166185 .
Brief about Auto.Axle

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