Last Updated on: 27 July, 2024
About the Company - Automotive Axles Ltd
Automotive Axles Ltd. is a Public Limited Listed company incorporated on 21/04/1981 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L51909KA1981PLC004198 and registration number is 004198. Currently Company is involved in the business activities of Manufacture of diverse parts and accessories for motor vehecles sucs as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalysers, clutches, steering wheels, steering columns and steering boxes etc.. Company’s Total Operating Revenue is Rs. 1490.62 Cr. and Equity Capital is Rs. 15.11 Cr. for the Year ended 31/03/2022.
| Management |
|---|
| Name | Position Held |
|---|
| Dr. Babasaheb N Kalyani | Chairman |
| Mr. Nagaraja Sadashiva Murthy Gargeshwari | WholeTime Director & President |
| Mr. Bhalachandra B Hattarki | Independent Director |
| Mr. B C Prabhakar | Independent Director |
| Ms. Bijal Tushar Ajinkya | Independent Director |
| Mr. Kenneth James Hogan | Director |
Basic Stock Data of Automotive Axles Ltd
Last Updated: July 26, 2024, 10:59 pm
| Market Cap | 3,132 Cr. |
|---|
| Current Price | 2,078 |
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| High / Low | 2,466/1,742 |
|---|
| Stock P/E | 18.9 |
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| Book Value | 580 |
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| Dividend Yield | 1.54 % |
|---|
| ROCE | 26.7 % |
|---|
| ROE | 20.2 % |
|---|
| Face Value | 10.0 |
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| PEG Ratio | 0.54 |
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Data Source: screener.in
Competitors of Automotive Axles Ltd
| Stock Name | Market Cap | Current Price | High / Low | Stock P/E | Book Value | Dividend Yield | ROCE | ROE | Face Value |
|---|
| Rico Auto Industries Ltd | 1,820 Cr. | 134 | 157/78.7 | 45.4 | 53.2 | 0.56 % | 8.27 % | 5.69 % | 1.00 |
| Rane (Madras) Ltd | 1,467 Cr. | 904 | 1,023/603 | 13.6 | 157 | 0.00 % | 6.36 % | 43.7 % | 10.0 |
| Automotive Axles Ltd | 3,132 Cr. | 2,078 | 2,466/1,742 | 18.9 | 580 | 1.54 % | 26.7 % | 20.2 % | 10.0 |
| Industry Average | 1,643.50 Cr | 519.00 | | 29.50 | 105.10 | 0.28% | 7.32% | 24.70% | 5.50 |
Automotive Axles Ltd Quarterly Results
| Month | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
|---|
| Sales | 169 | 272 | 426 | 255 | 309 | 374 | 552 | 500 | 475 | 656 | 693 | 532 | 584 |
| Expenses | 160 | 247 | 381 | 239 | 287 | 339 | 490 | 449 | 424 | 578 | 615 | 473 | 518 |
| Operating Profit | 9 | 25 | 45 | 16 | 22 | 35 | 62 | 52 | 50 | 78 | 78 | 59 | 66 |
| OPM % | 6% | 9% | 11% | 6% | 7% | 9% | 11% | 10% | 11% | 12% | 11% | 11% | 11% |
| Other Income | 2 | 2 | 1 | 1 | 1 | 2 | 0 | 1 | 1 | 1 | 1 | 2 | 4 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 9 | 9 | 9 | 8 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 9 | 9 |
| Profit before tax | 1 | 17 | 36 | 8 | 14 | 27 | 52 | 42 | 41 | 68 | 68 | 51 | 60 |
| Tax % | -310% | 24% | 27% | 28% | 27% | 26% | 25% | 27% | 26% | 25% | 25% | 26% | 25% |
| Net Profit | 6 | 13 | 27 | 6 | 10 | 20 | 39 | 30 | 30 | 51 | 51 | 38 | 45 |
| EPS in Rs | 3.98 | 8.73 | 17.58 | 3.69 | 6.71 | 13.10 | 25.70 | 20.12 | 19.94 | 33.54 | 33.62 | 25.03 | 29.84 |
Last Updated: July 10, 2024, 3:18 pm
Automotive Axles Ltd Quarterly Chart
Automotive Axles Ltd Profit & Loss
Last Updated: July 10, 2024, 3:18 pm
| Month | Sep 2012 | Sep 2013 | Sep 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|
| Sales | 941 | 643 | 677 | 459 | 1,086 | 1,172 | 1,520 | 1,939 | 952 | 906 | 1,491 | 2,324 | 2,465 |
| Expenses | 838 | 589 | 620 | 424 | 990 | 1,059 | 1,353 | 1,710 | 859 | 840 | 1,356 | 2,066 | 2,185 |
| Operating Profit | 102 | 54 | 57 | 35 | 96 | 114 | 167 | 229 | 93 | 66 | 135 | 257 | 280 |
| OPM % | 11% | 8% | 8% | 8% | 9% | 10% | 11% | 12% | 10% | 7% | 9% | 11% | 11% |
| Other Income | 1 | 2 | 6 | 3 | 1 | 2 | 5 | 3 | 6 | 3 | 4 | 5 | 9 |
| Interest | 10 | 9 | 7 | 4 | 6 | 1 | 1 | 1 | 2 | 3 | 2 | 3 | 3 |
| Depreciation | 27 | 29 | 29 | 17 | 39 | 39 | 43 | 46 | 37 | 36 | 36 | 41 | 39 |
| Profit before tax | 67 | 19 | 26 | 16 | 52 | 75 | 128 | 185 | 60 | 30 | 100 | 218 | 247 |
| Tax % | 32% | 32% | 30% | 36% | 33% | 34% | 34% | 34% | 31% | 25% | 26% | 26% | |
| Net Profit | 45 | 13 | 18 | 11 | 35 | 49 | 84 | 122 | 41 | 23 | 74 | 162 | 184 |
| EPS in Rs | 29.79 | 8.40 | 12.03 | 6.97 | 23.01 | 32.70 | 55.54 | 80.43 | 27.22 | 15.04 | 49.21 | 107.22 | 122.03 |
| Dividend Payout % | 34% | 24% | 21% | 14% | 24% | 24% | 24% | 24% | 25% | 30% | 30% | 30% | |
Automotive Axles Ltd Profit & Loss Yearly Chart
Automotive Axles Ltd Growth
|
| Compounded Sales Growth |
|---|
| 10 Years: | 13% |
| 5 Years: | 3% |
| 3 Years: | 35% |
| TTM: | -4% |
|
| Compounded Profit Growth |
|---|
| 10 Years: | 29% |
| 5 Years: | 6% |
| 3 Years: | 87% |
| TTM: | 2% |
|
| Stock Price CAGR |
|---|
| 10 Years: | 13% |
| 5 Years: | 21% |
| 3 Years: | 12% |
| 1 Year: | -6% |
|
| Return on Equity |
|---|
| 10 Years: | 15% |
| 5 Years: | 15% |
| 3 Years: | 19% |
| Last Year: | 20% |
Last Updated: July 26, 2024, 5:29 pm
Automotive Axles Ltd Balance Sheet
Last Updated: July 10, 2024, 3:18 pm
| Month | Sep 2012 | Sep 2013 | Sep 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 |
|---|
| Equity Capital | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 256 | 265 | 279 | 287 | 312 | 361 | 429 | 523 | 517 | 539 | 606 | 744 | 778 |
| Borrowings | 56 | 51 | 92 | 62 | 30 | 0 | 0 | 73 | 35 | 29 | 23 | 28 | 25 |
| Other Liabilities | 167 | 94 | 139 | 156 | 169 | 189 | 290 | 322 | 161 | 364 | 401 | 369 | 336 |
| Total Liabilities | 494 | 425 | 525 | 521 | 526 | 566 | 734 | 933 | 728 | 947 | 1,045 | 1,157 | 1,155 |
| Fixed Assets | 176 | 183 | 166 | 177 | 168 | 146 | 118 | 109 | 255 | 245 | 259 | 245 | 236 |
| CWIP | 19 | 7 | 23 | 17 | 9 | 7 | 17 | 116 | 24 | 32 | 3 | 6 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 17 | 0 | 65 |
| Other Assets | 300 | 235 | 336 | 327 | 349 | 413 | 600 | 709 | 449 | 658 | 766 | 905 | 848 |
| Total Assets | 494 | 425 | 525 | 521 | 526 | 566 | 734 | 933 | 728 | 947 | 1,045 | 1,157 | 1,155 |
Automotive Axles Ltd Reserves and Borrowings Chart
Automotive Axles Ltd Cash Flow
| Month | Sep 2013 | Sep 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|
| Cash from Operating Activity | 54 | -6 | 92 | 57 | 97 | 51 | 106 | 198 | 49 | 43 | 52 | 260 |
| Cash from Investing Activity | -24 | -25 | -18 | -25 | -23 | -27 | -157 | -59 | -40 | -27 | -84 | -182 |
| Cash from Financing Activity | -30 | 30 | -70 | -35 | -40 | -15 | 47 | -105 | -10 | -15 | -31 | -56 |
| Net Cash Flow | -0 | -0 | 3 | -3 | 35 | 9 | -4 | 34 | -1 | 2 | -63 | 22 |
|
Automotive Axles Ltd Financial Efficiency Indicators
| Month | Sep 2012 | Sep 2013 | Sep 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|
| Debtor Days | 62 | 65 | 93 | 140 | 67 | 72 | 80 | 65 | 47 | 114 | 95 | 78 |
| Inventory Days | 51 | 71 | 89 | 129 | 52 | 45 | 47 | 50 | 88 | 116 | 68 | 50 |
| Days Payable | 62 | 52 | 71 | 149 | 64 | 75 | 88 | 70 | 65 | 168 | 114 | 69 |
| Cash Conversion Cycle | 51 | 84 | 110 | 119 | 55 | 42 | 39 | 45 | 70 | 62 | 49 | 60 |
| Working Capital Days | 48 | 79 | 102 | 132 | 61 | 56 | 59 | 53 | 69 | 78 | 65 | 74 |
| ROCE % | 24% | 8% | 9% | 6% | 16% | 21% | 31% | 35% | 11% | 6% | 17% | 31% |
Automotive Axles Ltd Financial Efficiency Indicators Chart
Automotive Axles Ltd Share Holding Pattern
| Month | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|
| Promoters | 71.04% | 71.04% | 71.04% | 71.04% | 71.04% | 71.04% | 71.04% | 71.04% | 71.04% | 71.04% | 71.04% | 71.04% |
| FIIs | 0.66% | 0.83% | 1.43% | 1.08% | 1.35% | 0.74% | 0.71% | 0.73% | 0.70% | 0.67% | 0.63% | 0.51% |
| DIIs | 14.34% | 13.64% | 13.50% | 14.45% | 13.31% | 13.21% | 13.88% | 13.53% | 12.47% | 12.00% | 11.96% | 11.97% |
| Public | 13.96% | 14.49% | 14.03% | 13.43% | 14.30% | 15.02% | 14.37% | 14.71% | 15.81% | 16.31% | 16.38% | 16.49% |
| No. of Shareholders | 16,743 | 19,944 | 18,935 | 17,806 | 18,273 | 19,993 | 19,661 | 26,820 | 31,769 | 37,152 | 34,527 | 30,108 |
Automotive Axles Ltd Shareholding Pattern Chart
No. of Automotive Axles Ltd Shareholders
Automotive Axles Ltd Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|
| Nippon India Small Cap Fund | 691,000 | 0.38 | 157.85 | 691,000 | 2024-07-25 | 0% |
| Nippon India ELSS Tax Saver Fund | 594,886 | 1.04 | 135.9 | 691,000 | 2024-07-25 | -13.91% |
| SBI Contra Fund | 200,000 | 0.24 | 45.69 | 691,000 | 2024-07-25 | -71.06% |
| Tata Small Cap Fund | 143,392 | 0.52 | 32.76 | 691,000 | 2024-07-25 | -79.25% |
| Bandhan Multi Cap Fund | 89,894 | 1.23 | 20.54 | 691,000 | 2024-07-25 | -86.99% |
| Bandhan Transportation and Logistics Fund | 30,000 | 1.88 | 6.85 | 691,000 | 2024-07-25 | -95.66% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 4,850 | 0.19 | 1.11 | 691,000 | 2024-07-25 | -99.3% |
| Groww Nifty Total Market Index Fund | 12 | 0.01 | 0 | 691,000 | 2024-07-25 | -100% |
Automotive Axles Ltd ROCE Trend
Automotive Axles Ltd EPS Trend
Automotive Axles Ltd Key Financial Ratios
| Month | Mar 24 | Mar 23 | Mar 22 | Mar 21 | Mar 20 |
|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 109.95 | 107.22 | 49.20 | 15.04 | 27.22 |
| Diluted EPS (Rs.) | 109.95 | 107.22 | 49.20 | 15.04 | 27.22 |
| Cash EPS (Rs.) | 134.02 | 134.60 | 73.30 | 38.87 | 51.85 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 579.63 | 502.46 | 410.97 | 366.63 | 352.00 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 579.63 | 502.46 | 410.97 | 366.63 | 352.00 |
| Dividend / Share (Rs.) | 32.00 | 32.00 | 15.00 | 4.50 | 6.80 |
| Revenue From Operations / Share (Rs.) | 1475.10 | 1537.65 | 986.38 | 599.24 | 629.93 |
| PBDIT / Share (Rs.) | 173.37 | 173.62 | 91.94 | 48.24 | 66.84 |
| PBIT / Share (Rs.) | 149.30 | 146.25 | 67.84 | 24.42 | 42.21 |
| PBT / Share (Rs.) | 147.54 | 144.32 | 66.20 | 19.96 | 39.67 |
| Net Profit / Share (Rs.) | 109.95 | 107.22 | 49.20 | 15.04 | 27.22 |
| PBDIT Margin (%) | 11.75 | 11.29 | 9.32 | 8.05 | 10.61 |
| PBIT Margin (%) | 10.12 | 9.51 | 6.87 | 4.07 | 6.70 |
| PBT Margin (%) | 10.00 | 9.38 | 6.71 | 3.33 | 6.29 |
| Net Profit Margin (%) | 7.45 | 6.97 | 4.98 | 2.51 | 4.32 |
| Return on Networth / Equity (%) | 18.96 | 21.33 | 11.97 | 4.10 | 7.73 |
| Return on Capital Employeed (%) | 25.12 | 28.15 | 15.82 | 6.33 | 11.18 |
| Return On Assets (%) | 13.51 | 14.00 | 7.11 | 2.40 | 5.64 |
| Long Term Debt / Equity (X) | 0.00 | 0.01 | 0.01 | 0.02 | 0.03 |
| Total Debt / Equity (X) | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 |
| Asset Turnover Ratio (%) | 1.87 | 2.11 | 1.50 | 1.08 | 1.15 |
| Current Ratio (X) | 2.92 | 2.37 | 1.90 | 1.75 | 2.59 |
| Quick Ratio (X) | 2.17 | 1.75 | 1.40 | 1.20 | 1.60 |
| Inventory Turnover Ratio (X) | 6.64 | 7.79 | 5.36 | 3.73 | 3.68 |
| Dividend Payout Ratio (NP) (%) | 29.10 | 13.99 | 9.14 | 5.31 | 93.68 |
| Dividend Payout Ratio (CP) (%) | 23.87 | 11.14 | 6.13 | 2.05 | 49.18 |
| Earning Retention Ratio (%) | 70.90 | 86.01 | 90.86 | 94.69 | 6.32 |
| Cash Earning Retention Ratio (%) | 76.13 | 88.86 | 93.87 | 97.95 | 50.82 |
| Interest Coverage Ratio (X) | 98.72 | 90.01 | 56.32 | 24.56 | 55.90 |
| Interest Coverage Ratio (Post Tax) (X) | 63.61 | 56.58 | 31.14 | 9.93 | 24.88 |
| Enterprise Value (Cr.) | 2581.85 | 3543.37 | 2533.19 | 1526.43 | 523.01 |
| EV / Net Operating Revenue (X) | 1.16 | 1.52 | 1.70 | 1.69 | 0.54 |
| EV / EBITDA (X) | 9.85 | 13.50 | 18.23 | 20.94 | 5.18 |
| MarketCap / Net Operating Revenue (X) | 1.19 | 1.54 | 1.74 | 1.75 | 0.60 |
| Retention Ratios (%) | 70.89 | 86.00 | 90.85 | 94.68 | 6.31 |
| Price / BV (X) | 3.04 | 4.71 | 4.18 | 2.86 | 1.09 |
| Price / Net Operating Revenue (X) | 1.19 | 1.54 | 1.74 | 1.75 | 0.60 |
| EarningsYield | 0.06 | 0.04 | 0.02 | 0.01 | 0.07 |
Automotive Axles Ltd Profitability Ratios (%)
Automotive Axles Ltd Liquidity Ratios
Automotive Axles Ltd Liquidity Ratios (%)
Automotive Axles Ltd Interest Coverage Ratios (%)
Automotive Axles Ltd Valuation Ratios
Strength and Weakness of Automotive Axles Ltd Stock
| Strength | Weakness |
|---|
- The stock has a high average ROCE of 17.92%, which is a positive sign.
- The company has higher reserves (476.92 cr) compared to borrowings (37.08 cr), indicating strong financial stability.
- The company has shown consistent growth in sales (352.85 cr) and profit (94.08 cr) over the years.
| - The stock has a high average Working Capital Days of 73.00, which may not be favorable.
- The stock has a high average Cash Conversion Cycle of 65.50, which may not be favorable.
|
FAQ
What is the latest fair value of Automotive Axles Ltd?
The latest fair value of Automotive Axles Ltd is ₹2235.86.
What is the Market Cap of Automotive Axles Ltd?
The Market Cap of Automotive Axles Ltd is 3,132 Cr..
What is the current Stock Price of Automotive Axles Ltd as on 27 July 2024?
The current stock price of Automotive Axles Ltd as on 27 July 2024 is 2,078.
What is the High / Low of Automotive Axles Ltd stocks in FY 2024?
In FY 2024, the High / Low of Automotive Axles Ltd stocks is 2,466/1,742.
What is the Stock P/E of Automotive Axles Ltd?
The Stock P/E of Automotive Axles Ltd is 18.9.
What is the Book Value of Automotive Axles Ltd?
The Book Value of Automotive Axles Ltd is 580.
What is the Dividend Yield of Automotive Axles Ltd?
The Dividend Yield of Automotive Axles Ltd is 1.54 %.
What is the ROCE of Automotive Axles Ltd?
The ROCE of Automotive Axles Ltd is 26.7 %.
What is the ROE of Automotive Axles Ltd?
The ROE of Automotive Axles Ltd is 20.2 %.
What is the Face Value of Automotive Axles Ltd?
The Face Value of Automotive Axles Ltd is 10.0.
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 Automotive Axles 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 
