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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Automotive Axles Ltd

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.
INDUSTRYADDRESSCONTACT
Auto Ancl - Dr. Trans & Steer - OthersHootagalli Industrial Area, Off Hunsur Road, Mysuru Karnataka 570018sec@autoaxle.com
http://www.autoaxle.com
Management
NamePosition Held
Dr. Babasaheb N KalyaniChairman
Mr. Nagaraja Sadashiva Murthy GargeshwariWholeTime Director & President
Mr. Bhalachandra B HattarkiIndependent Director
Mr. B C PrabhakarIndependent Director
Mr. Rakesh KalraIndependent Director
Dr. Shalini SarinIndependent Director
Mr. Kenneth James HoganDirector

Basic Stock Data of Automotive Axles Ltd

Last Updated: May 2, 2024, 9:43 pm

Market Cap 2,859 Cr.
Current Price 1,892
High / Low2,693/1,742
Stock P/E16.5
Book Value 525
Dividend Yield1.68 %
ROCE30.8 %
ROE23.4 %
Face Value 10.0
PEG Ratio0.47

Competitors of Automotive Axles Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Rico Auto Industries Ltd 1,659 Cr. 123157/78.241.4 53.20.61 %8.27 %5.69 % 1.00
Rane (Madras) Ltd 1,346 Cr. 8271,023/59012.4 1570.00 %6.30 %43.7 % 10.0
Industry Average1,502.50 Cr475.0026.90105.100.31%7.29%24.70%5.50

Automotive Axles Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales169272426255309374552500475656693532584
Expenses160247381239287339490449424578615473518
Operating Profit9254516223562525078785966
OPM %6%9%11%6%7%9%11%10%11%12%11%11%11%
Other Income2211120111124
Interest1111111111111
Depreciation999899101010101099
Profit before tax117368142752424168685160
Tax %-310%24%27%28%27%26%25%27%26%25%25%26%25%
Net Profit613276102039303051513845
EPS in Rs3.988.7317.583.696.7113.1025.7020.1219.9433.5433.6225.0329.84

Automotive Axles Ltd Quarterly Chart

Automotive Axles Ltd Profit & Loss

MonthSep 2012Sep 2013Sep 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9416436774591,0861,1721,5201,9399529061,4912,3242,465
Expenses8385896204249901,0591,3531,7108598401,3562,0662,185
Operating Profit102545735961141672299366135257280
OPM %11%8%8%8%9%10%11%12%10%7%9%11%11%
Other Income1263125363459
Interest10974611123233
Depreciation27292917393943463736364139
Profit before tax6719261652751281856030100218247
Tax %32%32%30%36%33%34%34%34%31%25%26%26%
Net Profit45131811354984122412374162184
EPS in Rs29.798.4012.036.9723.0132.7055.5480.4327.2215.0449.21107.22122.03
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:9%
5 Years:9%
3 Years:35%
TTM:8%
Compounded Profit Growth
10 Years:13%
5 Years:14%
3 Years:57%
TTM:15%
Stock Price CAGR
10 Years:16%
5 Years:11%
3 Years:15%
1 Year:-11%
Return on Equity
10 Years:14%
5 Years:15%
3 Years:14%
Last Year:23%

Last Updated: May 2, 2024, 9:43 pm

Automotive Axles Ltd Balance Sheet

MonthSep 2012Sep 2013Sep 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital15151515151515151515151515
Reserves256265279287312361429523517539606744778
Borrowings565192623000733529232825
Other Liabilities16794139156169189290322161364401369336
Total Liabilities4944255255215265667349337289471,0451,1571,155
Fixed Assets176183166177168146118109255245259245236
CWIP197231797171162432365
Investments0000000001217065
Other Assets300235336327349413600709449658766905848
Total Assets4944255255215265667349337289471,0451,1571,155

Automotive Axles Ltd Reserves and Borrowings Chart

Automotive Axles Ltd Cash Flow

MonthSep 2012Sep 2013Sep 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 9454-692579751106198494352
Cash from Investing Activity -70-24-25-18-25-23-27-157-59-40-27-84
Cash from Financing Activity -33-3030-70-35-40-1547-105-10-15-31
Net Cash Flow-9-0-03-3359-434-12-63

Automotive Axles Ltd Financial Efficiency Indicators

MonthSep 2012Sep 2013Sep 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days62659314067728065471149578
Inventory Days51718912952454750881166850
Days Payable625271149647588706516811469
Cash Conversion Cycle51841101195542394570624960
Working Capital Days48791021326156595369786574
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

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters71.04%71.04%71.04%71.04%71.04%71.04%71.04%71.04%71.04%71.04%71.04%71.04%
FIIs0.66%0.83%1.43%1.08%1.35%0.74%0.71%0.73%0.70%0.67%0.63%0.51%
DIIs14.34%13.64%13.50%14.45%13.31%13.21%13.88%13.53%12.47%12.00%11.96%11.97%
Public13.96%14.49%14.03%13.43%14.30%15.02%14.37%14.71%15.81%16.31%16.38%16.49%
No. of Shareholders16,74319,94418,93517,80618,27319,99319,66126,82031,76937,15234,52730,108

Automotive Axles Ltd Shareholding Pattern Chart

No. of Automotive Axles Ltd Shareholders

Automotive Axles Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Small Cap Fund6910000.38157.85
Nippon India ELSS Tax Saver Fund5948861.04135.9
SBI Contra Fund2000000.2445.69
Tata Small Cap Fund1433920.5232.76
Bandhan Multi Cap Fund898941.2320.54
Bandhan Transportation and Logistics Fund300001.886.85
Motilal Oswal Nifty Microcap 250 Index Fund48500.191.11
Groww Nifty Total Market Index Fund120.010

Automotive Axles Ltd ROCE Trend

Automotive Axles Ltd EPS Trend

Automotive Axles Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)107.2249.2015.0427.2280.43
Diluted EPS (Rs.)107.2249.2015.0427.2280.43
Cash EPS (Rs.)134.6073.3038.8751.85111.00
Book Value[Excl.RevalReserv]/Share (Rs.)502.46410.97366.63352.00356.30
Book Value[Incl.RevalReserv]/Share (Rs.)502.46410.97366.63352.00356.30
Dividend / Share (Rs.)32.0015.004.506.8019.50
Revenue From Operations / Share (Rs.)1537.65986.38599.24629.931283.11
PBDIT / Share (Rs.)173.6291.9448.2466.84153.55
PBIT / Share (Rs.)146.2567.8424.4242.21122.99
PBT / Share (Rs.)144.3266.2019.9639.67122.63
Net Profit / Share (Rs.)107.2249.2015.0427.2280.43
PBDIT Margin (%)11.299.328.0510.6111.96
PBIT Margin (%)9.516.874.076.709.58
PBT Margin (%)9.386.713.336.299.55
Net Profit Margin (%)6.974.982.514.326.26
Return on Networth / Equity (%)21.3311.974.107.7322.57
Return on Capital Employeed (%)28.1515.826.3311.1830.36
Return On Assets (%)14.007.112.405.6413.02
Long Term Debt / Equity (X)0.010.010.020.030.12
Total Debt / Equity (X)0.010.020.020.030.12
Asset Turnover Ratio (%)2.111.501.081.152.33
Current Ratio (X)2.371.901.752.592.00
Quick Ratio (X)1.751.401.201.601.43
Inventory Turnover Ratio (X)7.795.363.733.688.58
Dividend Payout Ratio (NP) (%)13.999.145.3193.6816.78
Dividend Payout Ratio (CP) (%)11.146.132.0549.1812.16
Earning Retention Ratio (%)86.0190.8694.696.3283.22
Cash Earning Retention Ratio (%)88.8693.8797.9550.8287.84
Interest Coverage Ratio (X)90.0156.3224.5655.90422.67
Interest Coverage Ratio (Post Tax) (X)56.5831.149.9324.88222.40
Enterprise Value (Cr.)3543.372533.191526.43523.011908.72
EV / Net Operating Revenue (X)1.521.701.690.540.98
EV / EBITDA (X)13.5018.2320.945.188.23
MarketCap / Net Operating Revenue (X)1.541.741.750.600.97
Retention Ratios (%)86.0090.8594.686.3183.21
Price / BV (X)4.714.182.861.093.50
Price / Net Operating Revenue (X)1.541.741.750.600.97
EarningsYield0.040.020.010.070.06

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

StrengthWeakness
  1. The stock has a high average ROCE of 17.92%, which is a positive sign.
  2. The company has higher reserves (453.54 cr) compared to borrowings (38.77 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (352.85 cr) and profit (94.08 cr) over the years.
  1. The stock has a high average Working Capital Days of 73.00, which may not be favorable.
  2. 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 ₹2061.08.

What is the Market Cap of Automotive Axles Ltd?

The Market Cap of Automotive Axles Ltd is 2,859 Cr..

What is the current Stock Price of Automotive Axles Ltd as on 18 May 2024?

The current stock price of Automotive Axles Ltd as on 18 May 2024 is 1,892.

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 ₹2,693/1,742.

What is the Stock P/E of Automotive Axles Ltd?

The Stock P/E of Automotive Axles Ltd is 16.5.

What is the Book Value of Automotive Axles Ltd?

The Book Value of Automotive Axles Ltd is 525.

What is the Dividend Yield of Automotive Axles Ltd?

The Dividend Yield of Automotive Axles Ltd is 1.68 %.

What is the ROCE of Automotive Axles Ltd?

The ROCE of Automotive Axles Ltd is 30.8 %.

What is the ROE of Automotive Axles Ltd?

The ROE of Automotive Axles Ltd is 23.4 %.

What is the Face Value of Automotive Axles Ltd?

The Face Value of Automotive Axles 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 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