Is Automotive Axles a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Automotive Axles Ltd is a good quality company .

Is Automotive Axles undervalued or overvalued?

The key valuation ratios of Automotive Axles Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Automotive Axles share price return in the past 10 years?

Automotive Axles Ltd share price has appreciated 9.4% annually (CAGR) over the past ten years.

Is Automotive Axles a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Automotive Axles Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Automotive Axles?

The latest standalone P/E ratio of Automotive Axles as of 05-Nov-2024 is 17.78.

What is the P/B ratio of Automotive Axles?

The latest standalone P/B ratio of Automotive Axles as of 05-Nov-2024 is 3.04.

What is the 52-week high and low of Automotive Axles?

The 52-week high of Automotive Axles is Rs. 2465.60 and the 52-week low is Rs. 1741.75.

Automotive Axles Ltd - Stock Valuation and Financial Performance

Name: Automotive Axles
Brand: Automotive Axles

BSE: 505010 | NSE: AUTOAXLES | Auto Ancillary | Small Cap

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Auto.Axle Share Price

₹1,794.90 -8.40 -0.47%
as on 05-Nov'24 00:00

10 Year X-Ray of Auto.Axle:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	5.5%	15.8%	20.8%	30.9%	34.7%	10.6%	5.9%	17%	31.5%	27.3%	-
Value Creation Index ⓘ	-0.6	0.1	0.5	1.2	1.5	-0.2	-0.6	0.2	1.3	1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	918	1,086	1,172	1,519	1,939	952	906	1,491	2,324	2,229	2,100
Sales YoY Gr.	-	18.3%	8%	29.6%	27.6%	-50.9%	-4.9%	64.6%	55.9%	-4.1%	-
Adj EPS ⓘ	14	23.8	32.6	54.3	78.5	27.8	16.7	49.2	107.2	109.9	101.4
YoY Gr.	-	70.1%	37.2%	66.5%	44.4%	-64.6%	-40.1%	195.5%	117.8%	2.6%	-
BVPS (₹) ⓘ	400.3	216.5	249.2	294	356.3	352	366.6	411	502.5	579.6	593.4
Adj Net Profit ⓘ	21.1	36	49.3	82.1	119	42	25.2	74.3	162	166	153
Cash Flow from Ops. ⓘ	183	56.9	97.1	51.2	106	198	48.7	43.3	51.6	260	-
Debt/CF from Ops. ⓘ	0.7	0.5	0	0	0.7	0.1	0.4	0.3	0.2	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.4%	2.8%	35%	-4.1%
Adj EPS ⓘ	25.7%	7%	87.6%	2.6%
BVPSⓘ	4.2%	10.2%	16.5%	15.4%
Share Price	9.4%	15.9%	8.6%	-21.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	3.5	11.4	14	20	24.1	7.9	4.6	12.7	23.5	20.3	17.3
Op. Profit Mgn % ⓘ	7.7	8.9	9.7	10.9	11.7	9.8	7.3	9	11.1	11.1	10.6
Net Profit Mgn % ⓘ	2.3	3.3	4.2	5.4	6.1	4.4	2.8	5	7	7.5	7.3
Debt to Equity ⓘ	0.2	0.1	0	0	0.1	0	0	0	0	0	0
Working Cap Days ⓘ	262	110	106	109	113	195	190	154	120	142	82
Cash Conv. Cycle ⓘ	120	47	40	38	41	78	69	49	47	55	56

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 35.02%

Net Profit is growing at healthy rate in last 3 years 87.59%

Return on Equity has declined versus last 3 years average to 17.30%

Sales growth is not so good in last 4 quarters at -14.44%

Latest Financials - Automotive Axles Ltd.

	Standalone	Consolidated
TTM EPS (₹)	101.4	-
TTM Sales (₹ Cr.)	2,100	-
BVPS (₹.) ⓘ	593.4	-
Reserves (₹ Cr.) ⓘ	882	-
P/BV ⓘ	3.04	-
PE ⓘ	17.78	-

From the Market
52 Week Low / High (₹)	1741.75 / 2465.60
All Time Low / High (₹)	14.00 / 2690.00
Market Cap (₹ Cr.)	2,725
Equity (₹ Cr.)	15.1
Face Value (₹)	10
Industry PE ⓘ	53.8

Management X-Ray of Auto.Axle:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Auto.Axle

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Auto.Axle

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	459	1,086	1,172	1,519	1,939	952	906	1,491	2,324	2,229
Operating Expenses ⓘ	424	991	1,059	1,354	1,713	859	840	1,356	2,066	1,983
Manufacturing Costs	50	110	130	166	204	100	93	136	206	201
Material Costs	327	781	826	1,062	1,345	646	629	1,062	1,669	1,587
Employee Cost	37	80	81	99	124	89	89	114	127	133
Other Costs ⓘ	10	20	22	27	40	24	28	43	65	62
Operating Profit ⓘ	35	95	113	165	226	93	66	135	257	246
Operating Profit Margin (%)	7.7%	8.8%	9.7%	10.9%	11.7%	9.8%	7.3%	9.0%	11.1%	11.0%
Other Income ⓘ	3	2	2	5	3	8	7	4	5	16
Interest ⓘ	4	6	1	1	1	2	3	2	3	3
Depreciation ⓘ	17	39	39	43	46	37	36	36	41	36
Exceptional Items ⓘ	0	0	0	0	0	-2	-4	0	0	0
Profit Before Tax ⓘ	16	52	75	126	182	60	30	100	218	223
Tax ⓘ	6	17	26	44	64	19	7	26	56	57
Profit After Tax	11	35	49	82	119	41	23	74	162	166
PAT Margin (%)	2.3%	3.2%	4.2%	5.4%	6.1%	4.3%	2.5%	5.0%	7.0%	7.5%
Adjusted EPS (₹)	7.0	23.0	32.7	54.5	78.6	27.2	15.0	49.2	107.2	110.0
Dividend Payout Ratio (%)	14%	24%	24%	25%	25%	25%	30%	30%	30%	29%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	302	327	377	444	538	532	554	621	759	876
Share Capital ⓘ	15	15	15	15	15	15	15	15	15	15
Reserves ⓘ	287	312	361	429	523	517	539	606	744	861
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	57	29	0	0	66	19	19	15	10	6
Long Term Debt	3	0	0	0	66	19	15	10	6	2
Short Term Debt	54	29	0	0	0	0	4	4	4	4
Trade Payables	134	137	169	256	258	115	290	333	316	282
Others Liabilities ⓘ	50	65	18	28	56	53	76	69	66	63
Total Liabilities ⓘ	542	559	564	728	918	718	940	1,037	1,152	1,226
Fixed Assets
Gross Block	434	462	185	199	236	413	435	459	478	508
Accumulated Depreciation	257	293	39	81	127	157	190	200	233	281
Net Fixed Assetsⓘ	177	168	146	118	109	255	245	259	245	227
CWIP ⓘ	17	9	7	17	115	24	32	3	6	6
Investmentsⓘ	0	0	0	0	0	0	12	17	1	22
Inventories	116	111	99	137	184	156	201	199	231	250
Trade Receivables	176	198	231	335	346	123	282	389	499	364
Cash Equivalents	4	0	35	44	40	74	73	81	46	83
Others Assetsⓘ	54	72	45	78	123	86	94	89	123	273
Total Assets ⓘ	542	559	564	728	918	718	940	1,037	1,152	1,226

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	92	57	97	51	106	198	49	43	52	260
PBT ⓘ	16	52	75	128	185	60	30	100	218	223
Adjustment ⓘ	21	50	45	46	59	38	41	40	51	31
Changes in Working Capital ⓘ	61	-27	9	-72	-69	114	-13	-74	-165	64
Tax Paid ⓘ	-7	-18	-31	-51	-70	-15	-9	-23	-53	-58
Cash Flow From Investing Activity ⓘ	-19	-25	-23	-27	-157	-59	-40	-27	-84	-182
Capex	-19	-26	-23	-30	-152	-62	-34	-22	-16	-19
Net Investments	0	0	0	0	0	0	-12	-10	-76	-170
Others ⓘ	1	1	1	3	-5	3	7	6	8	7
Cash Flow From Financing Activityⓘ	-70	-35	-40	-15	47	-105	-10	-15	-31	-57
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-4	-6	-1	0	-1	-7	-3	-2	-2	-2
Dividend Paid ⓘ	-5	-2	-8	-12	-20	-39	-1	-7	-23	-48
Others ⓘ	-61	-28	-31	-2	69	-60	-6	-6	-6	-6
Net Cash Flow ⓘ	3	-3	35	9	-4	34	-1	2	-63	22

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	3.53	11.05	14.04	20.05	24.16	7.69	4.19	12.66	23.48	20.32
ROCE (%)	5.49	15.84	20.78	30.87	34.67	10.59	5.88	16.97	31.45	27.32
Asset Turnover Ratio	0.91	2.19	2.32	2.4	2.35	1.16	1.09	1.51	2.12	1.87
PAT to CFO Conversion(x)	8.36	1.63	1.98	0.62	0.89	4.83	2.13	0.58	0.32	1.57
Working Capital Days
Receivable Days	125	57	60	66	64	90	82	82	70	71
Inventory Days	83	34	29	28	30	65	72	49	34	39
Payable Days	115	58	65	73	70	105	117	107	71	69

Automotive Axles Ltd Stock News

Automotive Axles Ltd FAQs

What is the share price of Auto.Axle?

Company share prices are keep on changing according to the market conditions. The closing price of Auto.Axle on 05-Nov-2024 00:00 is ₹1,794.9.

What is the market cap of Auto.Axle?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 05-Nov-2024 00:00 the market cap of Auto.Axle stood at ₹2,725.1.

What is the P/E ratio of Auto.Axle?

The latest P/E ratio of Auto.Axle as of 05-Nov-2024 00:00 is 17.78.

What is the P/B ratio of Auto.Axle?

The latest P/B ratio of Auto.Axle as of 05-Nov-2024 00:00 is 3.04.

What is the 52-week high and low of Auto.Axle?

The 52-week high of Auto.Axle is ₹2,465.6 and the 52-week low is ₹1,741.8.

What is the TTM revenue of Auto.Axle?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Auto.Axle is ₹2,100 ( Cr.) .

About Automotive Axles Ltd

Automotive Axles Limited (AAL) a joint venture of Kalyani Group and Arvin Meritor Inc., USA (formerly the automotive division of Rockwell International Corporation) was established in 1981, AAL has developed an impressive domestic OEM clientele that includes Ashok Leyland, Telco, Vehicle Factory, Jabalpur,Mahindra & Mahindra, Volvo and Bharat Earth Movers.

The infrastructure at AAL spans highly specialized manufacturing processes involving Friction Welding, CO2 Welding, CNC Machining, Flexible Machine Centres and a range of specially built machines for production of Axles and Brakes. The facilities also comprises Gleason Gear Manufacturing Equipment backed by a modern Heat Treatment Shop including Continuous Carburising and Sealed Quench Furnaces. Wide range of Rear Drive Axles catering to commercial vehicles ranging from 6 Tons to 35 Tons GCW, S-Cam Actuated Quick Change Air Brakes for commercial vehicles, and Trailer Axles for 10 Tons to 13 Tons GVW.

The companyâ€™s manufacturing facilities are located at Mysore, the company is currently the largest independent manufacturer of Rear Drive Axle Assemblies in the country. Over the years, AAL has developed an impressive domestic OEM clientele that includes Ashok Leyland, Telco, Vehicle Factory, Jabalpur,Mahindra & Mahindra, Volvo and Bharat Earth Movers. AAL exports axle parts to USA, and Italy.

The company brought in Rockwellâ€™s state-of-the-art manufactureing technology to India way ahead of its time expecting it would be able to penetrate a market segment in which CV manufacturers were making their own axles. Due to unforeseen delays caused due to various factors, it took it several years to achieve this objective. The company had therefore to be content with the business of contract manufacturing in which it could barely recover variable costs resulting in the accumulation of significant losses with interest and depreciation burden contributing to the erosion of over 50% of the company's net worth which led to its reference to BIFR in 1989.

Product range of the company includes:

Single drive Axle- AAL offers a broad selection of single rear drive axles ranging from 6000 kg to 14000 kg GAWR for Truck, Bus, Tractor & construction vocations.
Tandem Drive Axle- Vehicles used in the mining & Tractor applications are often required to carry extremely heavy loads, AAL offers the following variety of single-reduction tandem drive axles with GAWR capacities from 19000 kg to 28000 kg) for such vehicles.
Non Drive Axle- This axle does not have drive but used along with drive axles inorder to increase the vehicle load bearing capacity.

Milestones:

1981 - Foundation Stone laid
1981 - Incorporation and commencement of business
1982 - First Annual General meeting of Members
1983 - First Public Issue of equity shares
1984 - Commercial production of Rear Axle Housing
1986 - Commercial production of Brake Assembly
1988 - Commercial production of Axle Assembly for LCV manufacturers
1991 - Entered Export market by exporting prototypes to MB-Germany
1995 - Rights issue in the ratio of 1:4
1996 - Sales cross Rs. 1 billion
1998 - Quality Management System certified to ISO 9001
2000 - Quality System certified to QS 9000
2003 - Sales cross Rs. 2 Billion
2005 - Quality System certified to TS16949
2005 - Sales cross Rs. 3.5 Billion
2005 - Foundation Stone laid for 'Kalyani Nagar' colony of Employees
2006 - Environment Management System Certified to IS14001
2006 - Silver Jubilee year - Sales Cross Rs. 4.5 Billion

Awards/ Achievements:

AAL has a Quality Management System that is certified to ISO/TS 16949:2002 standard and also Environmental Management System that is certified to ISO 14001:2004 standard.