Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 19 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 505036 | NSE: ACGL

Fundamental Analysis of Automobile Corporation of Goa Ltd

Basic Stock Data

Last Updated: July 18, 2024, 10:16 pm

Market Cap 1,347 Cr.
Current Price 2,212
High / Low2,540/1,250
Stock P/E35.1
Book Value 360
Dividend Yield0.90 %
ROCE18.7 %
ROE18.6 %
Face Value 10.0
PEG Ratio1.13

Data Source: screener.in

Competitors of Automobile Corporation of Goa Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sharda Motor Industries Ltd 7,515 Cr. 2,5332,956/80425.5 3450.68 %42.8 %32.6 % 2.00
Precision Camshafts Ltd 1,771 Cr. 186319/17362.7 78.80.54 %5.98 %3.86 % 10.0
PPAP Automotive Ltd 296 Cr. 210295/172 2020.71 %1.48 %4.51 % 10.0
JBM Auto Ltd 24,034 Cr. 2,0332,428/1,113134 98.80.06 %14.6 %16.3 % 2.00
Omax Autos Ltd 312 Cr. 145168/49.01,248 1390.69 %5.19 %0.09 % 10.0
Industry Average4,018.12 Cr630.86108.66127.060.61%16.87%15.23%5.41

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales4638537611514213988137151124140169
Expenses5144567110413213284128139116129158
Operating Profit-4-5-3511108491281111
OPM %-10%-14%-6%6%9%7%5%5%7%8%7%8%6%
Other Income2221-424222335
Interest0000000000000
Depreciation1111111111111
Profit before tax-3-4-255111051013101314
Tax %17%25%24%25%7%27%25%24%23%25%25%25%24%
Net Profit-3-3-23588481081011
EPS in Rs-4.47-5.55-2.555.608.1613.6012.706.7312.7016.5912.4516.0617.92

Last Updated: July 11, 2024, 11:26 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 10, 2024, 5:46 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales263303395417467489426333116282506584
Expenses243279377392437461395323137275475542
Operating Profit2024182530293110-2273143
OPM %8%8%5%6%7%6%7%3%-19%3%6%7%
Other Income9877810691011113
Interest000000000000
Depreciation551565555555
Profit before tax2327242632333213-1633751
Tax %33%34%35%35%35%39%34%25%23%-3%25%25%
Net Profit1617151721202110-1332838
EPS in Rs24.3427.2223.7626.4032.6731.3932.4816.36-20.555.6545.7463.02
Dividend Payout %51%55%63%57%54%56%54%61%0%0%38%32%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)6.25%-11.76%13.33%23.53%-4.76%5.00%-52.38%-230.00%123.08%833.33%35.71%
Change in YoY Net Profit Growth (%)0.00%-18.01%25.10%10.20%-28.29%9.76%-57.38%-177.62%353.08%710.26%-797.62%

Growth

Compounded Sales Growth
10 Years:7%
5 Years:7%
3 Years:72%
TTM:15%
Compounded Profit Growth
10 Years:8%
5 Years:10%
3 Years:72%
TTM:50%
Stock Price CAGR
10 Years:18%
5 Years:38%
3 Years:69%
1 Year:62%
Return on Equity
10 Years:9%
5 Years:8%
3 Years:13%
Last Year:19%

Last Updated: July 18, 2024, 4:46 pm

Balance Sheet

Last Updated: July 10, 2024, 5:46 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital666666666666
Reserves158164168183190197204175161163188213
Borrowings4243260117437263
Other Liabilities586610285100101907750747091
Total Liabilities227240281277299311300260234286336373
Fixed Assets596369676359566055504951
CWIP4412888700001
Investments0000037691100
Other Assets164172199202228240230194170225287321
Total Assets227240281277299311300260234286336373

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 23101311940-521-20-29-461
Cash from Investing Activity -7-59-19-5-292625-39-29-11
Cash from Financing Activity -11-11-10-12-14-10-20-39142528-22
Net Cash Flow6-6-000028-106-528

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow16.0022.0014.0022.0028.0023.0031.009.00-39.00-36.00-41.00-20.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days726348504043435854759358
Inventory Days4241464043635262661927252
Days Payable134717290789079819116610152
Cash Conversion Cycle-203322-05161739291026558
Working Capital Days115751249390104108123119369183132
ROCE %24%14%16%14%14%17%16%17%8%-9%5%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters56.43%56.43%56.43%56.43%49.77%49.77%49.77%49.77%49.77%49.77%49.77%49.77%
FIIs0.09%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
DIIs0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public43.47%43.56%43.56%43.56%50.21%50.22%50.21%50.20%50.23%50.22%50.20%50.21%
No. of Shareholders10,2639,68910,34410,34510,28610,29910,23010,0829,94710,09110,12910,649

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)63.0245.735.65-20.5415.81
Diluted EPS (Rs.)63.0245.735.65-20.5415.81
Cash EPS (Rs.)71.1653.4113.82-12.1724.94
Book Value[Excl.RevalReserv]/Share (Rs.)359.60318.14277.45273.88298.23
Book Value[Incl.RevalReserv]/Share (Rs.)359.60318.14277.45273.88298.23
Dividend / Share (Rs.)20.0017.500.000.0010.00
Revenue From Operations / Share (Rs.)959.73831.41462.80190.02547.21
PBDIT / Share (Rs.)92.1563.9123.58-18.1833.00
PBIT / Share (Rs.)84.0156.2315.41-26.5524.42
PBT / Share (Rs.)83.8760.975.49-26.7721.89
Net Profit / Share (Rs.)63.0245.735.65-20.5416.35
PBDIT Margin (%)9.607.685.09-9.566.03
PBIT Margin (%)8.756.763.32-13.974.46
PBT Margin (%)8.737.331.18-14.084.00
Net Profit Margin (%)6.565.501.22-10.812.98
Return on Networth / Equity (%)17.5214.372.03-7.505.48
Return on Capital Employeed (%)22.0416.775.29-9.367.78
Return On Assets (%)10.288.271.20-5.343.83
Total Debt / Equity (X)0.280.370.250.100.00
Asset Turnover Ratio (%)1.651.631.080.461.19
Current Ratio (X)2.212.062.072.802.84
Quick Ratio (X)1.861.681.712.162.27
Inventory Turnover Ratio (X)8.118.105.041.925.01
Dividend Payout Ratio (NP) (%)0.005.460.000.00134.04
Dividend Payout Ratio (CP) (%)0.004.680.000.0087.90
Earning Retention Ratio (%)0.0094.540.000.00-34.04
Cash Earning Retention Ratio (%)0.0095.320.000.0012.10
Interest Coverage Ratio (X)660.84471.07152.56-99.10108.43
Interest Coverage Ratio (Post Tax) (X)452.93302.20100.72-110.8062.04
Enterprise Value (Cr.)1337.86478.88603.81263.48167.63
EV / Net Operating Revenue (X)2.290.942.142.280.50
EV / EBITDA (X)23.8512.3142.06-23.808.34
MarketCap / Net Operating Revenue (X)2.250.862.022.140.53
Retention Ratios (%)0.0094.530.000.00-34.04
Price / BV (X)6.022.263.371.490.98
Price / Net Operating Revenue (X)2.250.862.022.140.53
EarningsYield0.020.060.01-0.050.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 2,371.45

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 7.21% compared to the current price 2212

Intrinsic Value: 3,105.65

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 40.40% compared to the current price 2212

Last 5 Year EPS CAGR: 30.96%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (180.33 cr) compared to borrowings (18.08 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (381.75 cr) and profit (23.75 cr) over the years.
  1. The stock has a low average ROCE of 12.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 136.25, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 30.50, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Automobile Corporation of Goa Ltd:
    1. Net Profit Margin: 6.56%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 22.04% (Industry Average ROCE: %)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 17.52% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 452.93
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.86
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 35.1 (Industry average Stock P/E: )
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.28
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company

Automobile Corporation Of Goa Ltd. is a Public Limited Listed company incorporated on 01/09/1980 and has its registered office in the State of Goa, India. Company’s Corporate Identification Number(CIN) is L35911GA1980PLC000400 and registration number is 000400. Currently Company is involved in the business activities of Manufacture of bodies, including cabs for motor vehicles. Company’s Total Operating Revenue is Rs. 281.78 Cr. and Equity Capital is Rs. 6.09 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - OthersHonda, Sattari, Goa Goa 403530cs@acglgoa.com
http://www.acglgoa.com
Management
NamePosition Held
Mr. Shrinivas DempoChairman & Ind.Director
Mr. Pranab GhoshExecutive Director & CEO
Mr. Girish WaghNon Executive Director
Mr. V G RamananNon Executive Director
Mr. Vishal BadshahNon Executive Director
Mr. Anand SrinivasagopalanNon Executive Director
Mr. Yatin KakodkarIndependent Director
Dr. Vaijayanti PanditIndependent Director
Mr. Nagesh PingeIndependent Director

FAQ

What is the latest fair value of Automobile Corporation of Goa Ltd?

The latest fair value of Automobile Corporation of Goa Ltd is ₹2371.45.

What is the Market Cap of Automobile Corporation of Goa Ltd?

The Market Cap of Automobile Corporation of Goa Ltd is 1,347 Cr..

What is the current Stock Price of Automobile Corporation of Goa Ltd as on 18 July 2024?

The current stock price of Automobile Corporation of Goa Ltd as on 18 July 2024 is 2,212.

What is the High / Low of Automobile Corporation of Goa Ltd stocks in FY 2024?

In FY 2024, the High / Low of Automobile Corporation of Goa Ltd stocks is 2,540/1,250.

What is the Stock P/E of Automobile Corporation of Goa Ltd?

The Stock P/E of Automobile Corporation of Goa Ltd is 35.1.

What is the Book Value of Automobile Corporation of Goa Ltd?

The Book Value of Automobile Corporation of Goa Ltd is 360.

What is the Dividend Yield of Automobile Corporation of Goa Ltd?

The Dividend Yield of Automobile Corporation of Goa Ltd is 0.90 %.

What is the ROCE of Automobile Corporation of Goa Ltd?

The ROCE of Automobile Corporation of Goa Ltd is 18.7 %.

What is the ROE of Automobile Corporation of Goa Ltd?

The ROE of Automobile Corporation of Goa Ltd is 18.6 %.

What is the Face Value of Automobile Corporation of Goa Ltd?

The Face Value of Automobile Corporation of Goa Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Automobile Corporation of Goa Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE