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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 505036 | NSE: ACGL

Fundamental Analysis of Automobile Corporation of Goa Ltd

Basic Stock Data

Last Updated: April 23, 2024, 1:27 pm

Market Cap 1,267 Cr.
Current Price 2,081
High / Low2,300/770
Stock P/E36.0
Book Value 333
Dividend Yield0.84 %
ROCE14.3 %
ROE14.1 %
Face Value 10.0

Data Source: screener.in

Competitors of Automobile Corporation of Goa Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bharat Seats Ltd 484 Cr. 154204/87.619.9 48.90.91 %17.6 %15.8 % 2.00
LG Balakrishnan & Bros Ltd 4,088 Cr. 1,3021,425/77216.3 4681.23 %24.2 %19.0 % 10.0
Lumax Auto Technologies Ltd 3,196 Cr. 469508/28129.0 1030.96 %14.8 %15.9 % 2.00
Shivam Autotech Ltd 526 Cr. 43.249.8/23.6 6.450.00 %3.23 %28.5 % 2.00
PPAP Automotive Ltd 293 Cr. 209295/161 2090.72 %1.58 %2.02 % 10.0
Industry Average1,717.40 Cr435.4413.04167.070.76%12.28%16.24%5.20

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales35.2446.2438.1952.6676.05114.87141.69139.4787.73137.34150.99124.10139.87
Expenses37.4750.7443.5155.7971.35104.05131.51131.9783.59128.18138.69115.73128.63
Operating Profit-2.23-4.50-5.32-3.134.7010.8210.187.504.149.1612.308.3711.24
OPM %-6.33%-9.73%-13.93%-5.94%6.18%9.42%7.18%5.38%4.72%6.67%8.15%6.74%8.04%
Other Income3.192.482.112.381.15-4.292.394.062.442.012.372.913.02
Interest0.020.020.030.020.030.020.020.020.020.020.020.030.02
Depreciation1.291.261.261.271.251.191.161.171.181.171.191.161.13
Profit before tax-0.35-3.30-4.50-2.044.575.3211.3910.375.389.9813.4610.0913.11
Tax %2.86%17.27%24.89%24.02%25.38%6.58%27.22%25.36%23.79%22.65%24.96%24.88%25.40%
Net Profit-0.35-2.72-3.38-1.553.414.978.287.734.107.7310.107.589.78
EPS in Rs-0.57-4.47-5.55-2.555.608.1613.6012.706.7312.7016.5912.4516.06

Last Updated: April 10, 2024, 6:15 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 5, 2024, 1:15 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales333263303395417467489426333116282506552
Expenses299243279377392437461395323137275475511
Operating Profit332024182530293110-2273141
OPM %10%8%8%5%6%7%6%7%3%-19%3%6%7%
Other Income89877810691011110
Interest0000000000000
Depreciation5551565555555
Profit before tax372327242632333213-1633747
Tax %32%33%34%35%35%35%39%34%25%23%-3%25%
Net Profit251617151721202110-1332835
EPS in Rs38.6724.3427.2223.7626.4032.6731.3932.4816.36-20.555.6545.7457.80
Dividend Payout %39%51%55%63%57%54%56%54%61%0%0%38%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-36.00%6.25%-11.76%13.33%23.53%-4.76%5.00%-52.38%-230.00%123.08%833.33%
Change in YoY Net Profit Growth (%)0.00%42.25%-18.01%25.10%10.20%-28.29%9.76%-57.38%-177.62%353.08%710.26%

Growth

Compounded Sales Growth
10 Years:7%
5 Years:1%
3 Years:15%
TTM:14%
Compounded Profit Growth
10 Years:5%
5 Years:6%
3 Years:33%
TTM:24%
Stock Price CAGR
10 Years:23%
5 Years:29%
3 Years:74%
1 Year:169%
Return on Equity
10 Years:8%
5 Years:6%
3 Years:4%
Last Year:14%

Last Updated: April 17, 2024, 3:11 am

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital6666666666666
Reserves152158164168183190197204175161163188196
Borrowings3424326-0117437244
Other Liabilities105586610285100101907750747076
Total Liabilities267227240281277299311300260234286336322
Fixed Assets53596369676359566055504949
CWIP4441288870-0-000
Investments-0-0-0-0-0-0376911-0-0
Other Assets210164172199202228240230194170225287273
Total Assets267227240281277299311300260234286336322

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1723101311940-521-20-29-4
Cash from Investing Activity -30-7-59-19-5-292625-39-29
Cash from Financing Activity -12-11-11-10-12-14-10-20-39142528
Net Cash Flow-256-6-000028-106-5

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow30.0016.0022.0014.0022.0028.0023.0031.009.00-39.00-36.00-41.00

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

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters56.43%56.43%56.43%56.43%56.43%49.77%49.77%49.77%49.77%49.77%49.77%49.77%
FIIs0.09%0.09%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
DIIs0.01%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public43.47%43.47%43.56%43.56%43.56%50.21%50.22%50.21%50.20%50.23%50.22%50.20%
No. of Shareholders10,08810,2639,68910,34410,34510,28610,29910,23010,0829,94710,09110,129

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)45.735.65-20.5415.8132.49
Diluted EPS (Rs.)45.735.65-20.5415.8132.49
Cash EPS (Rs.)53.4113.82-12.1724.9440.72
Book Value[Excl.RevalReserv]/Share (Rs.)318.14277.45273.88298.23327.56
Book Value[Incl.RevalReserv]/Share (Rs.)318.14277.45273.88298.23327.56
Dividend / Share (Rs.)17.500.000.0010.0017.50
Revenue From Operations / Share (Rs.)831.41462.80190.02547.21663.65
PBDIT / Share (Rs.)63.9123.58-18.1833.0064.36
PBIT / Share (Rs.)56.2315.41-26.5524.4256.13
PBT / Share (Rs.)60.975.49-26.7721.8949.41
Net Profit / Share (Rs.)45.735.65-20.5416.3532.49
PBDIT Margin (%)7.685.09-9.566.039.69
PBIT Margin (%)6.763.32-13.974.468.45
PBT Margin (%)7.331.18-14.084.007.44
Net Profit Margin (%)5.501.22-10.812.984.89
Return on Networth / Equity (%)14.372.03-7.505.489.91
Return on Capital Employeed (%)16.775.29-9.367.7816.21
Return On Assets (%)8.271.20-5.343.836.95
Total Debt / Equity (X)0.370.250.100.000.00
Asset Turnover Ratio (%)1.631.080.461.191.40
Current Ratio (X)2.062.072.802.842.99
Quick Ratio (X)1.681.712.162.272.39
Inventory Turnover Ratio (X)8.105.041.925.015.80
Dividend Payout Ratio (NP) (%)5.460.000.00134.0464.93
Dividend Payout Ratio (CP) (%)4.680.000.0087.9051.80
Earning Retention Ratio (%)94.540.000.00-34.0435.07
Cash Earning Retention Ratio (%)95.320.000.0012.1048.20
Interest Coverage Ratio (X)471.07152.56-99.10108.43286.78
Interest Coverage Ratio (Post Tax) (X)302.20100.72-110.8062.04174.70
Enterprise Value (Cr.)478.88603.81263.48167.63355.92
EV / Net Operating Revenue (X)0.942.142.280.500.83
EV / EBITDA (X)12.3142.06-23.808.348.61
MarketCap / Net Operating Revenue (X)0.862.022.140.530.84
Retention Ratios (%)94.530.000.00-34.0435.06
Price / BV (X)2.263.371.490.981.71
Price / Net Operating Revenue (X)0.862.022.140.530.84
EarningsYield0.060.01-0.050.050.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 1704.51

The stock is overvalued by 18.09% compared to the current price ₹2081

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.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (176.85 cr) compared to borrowings (15.46 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (375.54 cr) and profit (24.46 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: 5.50%
      • 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: 16.77% (Industry Average ROCE: 12.28%)
      • 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%: 14.37% (Industry Average ROE: 16.24%)
      • 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): 302.20
      • 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: 1.68
      • 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: 36.0 (Industry average Stock P/E: 13.04)
      • 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: 0.37
      • 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 403530sectl@acglgoa.com
http://www.acglgoa.com
Management
NamePosition Held
Mr. Shrinivas DempoChairman & Ind.Director
Mr. O V AjayExecutive Director & CEO
Mr. Girish WaghNon Executive Director
Mr. Rohit SrivastavaNon Executive Director
Mr. Vishal BadshahAdditional Director
Mr. Yatin KakodkarIndependent Director
Dr. Vaijayanti PanditIndependent Director
Mr. Nagesh PingeIndependent Director
Mr. G V RamananAdditional Director

Automobile Corporation Of Goa Ltd. Share Price Update

Share PriceValue
Today₹2,089.00
Previous Day₹2,110.35

FAQ

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

The latest fair value of Automobile Corporation of Goa Ltd is ₹1704.51.

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

The Market Cap of Automobile Corporation of Goa Ltd is 1,267 Cr..

What is the current Stock Price of Automobile Corporation of Goa Ltd as on 23 April 2024?

The current stock price of Automobile Corporation of Goa Ltd as on 23 April 2024 is 2,081.

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 ₹2,300/770.

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

The Stock P/E of Automobile Corporation of Goa Ltd is 36.0.

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

The Book Value of Automobile Corporation of Goa Ltd is 333.

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

The Dividend Yield of Automobile Corporation of Goa Ltd is 0.84 %.

What is the ROCE of Automobile Corporation of Goa Ltd?

The ROCE of Automobile Corporation of Goa Ltd is 14.3 %.

What is the ROE of Automobile Corporation of Goa Ltd?

The ROE of Automobile Corporation of Goa Ltd is 14.1 %.

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