BSE: 544166 | NSE: | Auto Ancillary |
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Emmforce Autotech Ltd is a below average quality company.
The key valuation ratios of Emmforce Autotech Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Emmforce Autotech Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'24 | TTM | ||
|---|---|---|---|
| ROCE % ⓘ | 14.2% | - | |
| Value Creation Index ⓘ | 0.0 | - | |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||
| Sales ⓘ | 40 | 40 | |
| Sales YoY Gr. | - | - | |
| Adj EPS ⓘ | 2.7 | 2.1 | |
| YoY Gr. | - | - | |
| BVPS (₹) ⓘ | 12.8 | 35.7 | |
| Adj Net Profit ⓘ | 4 | 4 | |
| Cash Flow from Ops. ⓘ | -19.3 | - | |
| Debt/CF from Ops. ⓘ | -1.5 | - | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | NA | ||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'24 | TTM | |
|---|---|---|
| Return on Equity % ⓘ | 20.9 | 8.6 |
| Op. Profit Mgn % ⓘ | 16.3 | NAN |
| Net Profit Mgn % ⓘ | 10.1 | 10.7 |
| Debt to Equity ⓘ | 1.5 | - |
| Working Cap Days ⓘ | 0 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 0 |
No data to display
Return on Equity has declined versus last 3 years average to 8.60%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 2.1 | 2.1 |
| TTM Sales (₹ Cr.) | 40 | 40.1 |
| BVPS (₹.) ⓘ | 35.7 | 35.7 |
| Reserves (₹ Cr.) ⓘ | 53 | 53 |
| P/BV ⓘ | 2.86 | 2.86 |
| PE ⓘ | 49.01 | 49.01 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 95.05 / 264.00 |
| All Time Low / High (₹) | 95.05 / 264.00 |
| Market Cap (₹ Cr.) | 209 |
| Equity (₹ Cr.) | 20.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 51.1 |
| Pledged * | 0.00 | 0.00 |
| PARTICULARS | Mar'24 |
|---|---|
| Sales | 40 |
| Operating Expenses ⓘ | 34 |
| Manufacturing Costs | 1 |
| Material Costs | 26 |
| Employee Cost | 3 |
| Other Costs ⓘ | 4 |
| Operating Profit ⓘ | 7 |
| Operating Profit Margin (%) | 16.3% |
| Other Income ⓘ | 1 |
| Interest ⓘ | 1 |
| Depreciation ⓘ | 1 |
| Exceptional Items ⓘ | 0 |
| Profit Before Tax ⓘ | 6 |
| Tax ⓘ | 2 |
| Profit After Tax | 4 |
| PAT Margin (%) | 10.7% |
| Adjusted EPS (₹) | 2.8 |
| Dividend Payout Ratio (%) | 0% |
| PARTICULARS | Mar'24 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 19 | |||||||||
| Share Capital ⓘ | 15 | |||||||||
| Reserves ⓘ | 4 | |||||||||
| Minority Interest | 0 | |||||||||
| Debt | 26 | |||||||||
| Long Term Debt | 14 | |||||||||
| Short Term Debt | 13 | |||||||||
| Trade Payables | 15 | |||||||||
| Others Liabilities ⓘ | 6 | |||||||||
| Total Liabilities ⓘ | 66 | |||||||||
Fixed Assets | ||||||||||
| Gross Block | 20 | |||||||||
| Accumulated Depreciation | 1 | |||||||||
| Net Fixed Assetsⓘ | 19 | |||||||||
| CWIP ⓘ | 0 | |||||||||
| Investmentsⓘ | 3 | |||||||||
| Inventories | 9 | |||||||||
| Trade Receivables | 21 | |||||||||
| Cash Equivalents | 0 | |||||||||
| Others Assetsⓘ | 13 | |||||||||
| Total Assets ⓘ | 66 | |||||||||
| PARTICULARS | Mar'24 |
|---|---|
| Cash Flow From Operating Activity ⓘ | -19 |
| PBT ⓘ | 6 |
| Adjustment ⓘ | 2 |
| Changes in Working Capital ⓘ | -26 |
| Tax Paid ⓘ | 0 |
| Cash Flow From Investing Activity ⓘ | -24 |
| Capex | -20 |
| Net Investments | 0 |
| Others ⓘ | -3 |
| Cash Flow From Financing Activityⓘ | 43 |
| Net Proceeds from Shares ⓘ | 15 |
| Net Proceeds from Borrowing ⓘ | 14 |
| Interest Paid ⓘ | 0 |
| Dividend Paid ⓘ | 0 |
| Others ⓘ | 15 |
| Net Cash Flow ⓘ | 0 |
| PARTICULARS | Mar'24 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 22.14 | |||||||||
| ROCE (%) | 14.2 | |||||||||
| Asset Turnover Ratio | 0.61 | |||||||||
| PAT to CFO Conversion(x) | -4.75 | Working Capital Days | ||||||||
| Receivable Days | 188 | |||||||||
| Inventory Days | 86 | |||||||||
| Payable Days | 207 | |||||||||
Emmforce Autotech Limited was originally formed as a partnership firm under the Indian Partnership Act, 1932 in the name and style of ‘M/s. Emmforce Inc.’, pursuant to a deed of partnership entered between Ashok Mehta and Neetu Mehta executed on September 25, 2012 having its principal place of business at Plot No. 287, Industrial Area, Phase II Industrial Estate, Panchkula, Haryana on the terms and conditions contained in the said partnership deed. Subsequently, for re-constitution of Partnership with the induction of new Partners Azeez Mehta, Navya Mehta, Narinder Krishan Miglani, Gaurav Miglani and Saurav Miglani this partnership deed was amended and executed on August 31, 2023 on the terms and conditions contained in the said partnership deed. Further the Partnership Firm ‘M/s. Emmforce Inc.’ was converted into Public Limited Company ‘Emmforce Autotech Limited’ pursuant to Part I of chapter XXI of the Companies Act, 2013 vide Certificate of Incorporation dated October 13, 2023 issued by Registrar of Companies, Central Registration Centre, Manesar.
The company is engaged in the business of manufacturing niche automotive drivetrain parts like Differential Housings, Differential Lockers, Differential Covers, 4WD Locking Hubs, Spindles, Axles & Shafts, Gear Shifters, Yokes, Differential Spools, Differential Tools and various differential forged / cast parts primarily for 4-wheel Drive and performance racing vehicles. The company has been engaged in exports ever since its inception. It has established itself as a manufacturer of Drivetrain Parts in India and is one stop shop for quality cost competitive drivetrain parts and providing out-of-the-box solutions to its customers through designing and development of complex / special parts.
Huge inventory of tooling for forging and machining, jigs and fixtures for machining, extra focus on engineering gives Emmforce an edge over the competition to develop new parts in a much faster time than competition. The company helps to accelerate performance and improving profitability through faster product development, shorter lead time, on time delivery, comprehensive product range and competitive pricing.
It offers fully integrated engineering solutions from conceptualization, development and validation to implementation and manufacturing of its products. The conceptualization stage involves acquiring market intelligence, assessing customer requirement and formulating customized strategy for individual customers. The development phase includes product designing, material procurement and processing. This is followed by the validation phase, which involves prototyping, testing and feasibility analysis. Its in-house manufacturing and implementation competencies include forging, machining, fabrications, heat treatment, surface finish, logistics, quality and testing, design and validation.
Business area of the company
The company is engaged in the business of manufacturing niche automotive drivetrain parts like Differential Housings, Differential Lockers, Differential Covers, 4WD Locking Hubs, Spindles, Axles & Shafts, Gear Shifters, Yokes, Differential Spools, Differential Tools and various differential forged / cast parts primarily for 4-wheel Drive and performance racing vehicles.
Products of the company
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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