BSE: 505036 | NSE: AUTOCORP | Auto Ancillary | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Automobile Corporation of Goa Ltd is a average quality company.
The key valuation ratios of Automobile Corporation of Goa 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 Automobile Corporation of Goa 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13.6% | 14% | 16.7% | 16.2% | 15.2% | 6.9% | -8.9% | 1.7% | 15.6% | 18.7% | - |
| Value Creation Index ⓘ | 0.0 | -0 | 0.2 | 0.2 | 0.1 | -0.5 | -1.6 | -0.9 | 0.1 | 0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 395 | 417 | 467 | 489 | 426 | 333 | 116 | 282 | 506 | 584 | 630 |
| Sales YoY Gr. | - | 5.6% | 12.1% | 4.7% | -12.9% | -21.8% | -65.3% | 143.5% | 79.7% | 15.4% | - |
| Adj EPS ⓘ | 23.8 | 25.7 | 32.6 | 30 | 37 | 20.9 | -20.5 | 12.5 | 42.3 | 63 | 75.5 |
| YoY Gr. | - | 8.3% | 26.8% | -8.2% | 23.5% | -43.5% | -198.1% | NA | 239.1% | 48.9% | - |
| BVPS (₹) ⓘ | 271.9 | 294.6 | 306.2 | 317.3 | 327.6 | 298.2 | 273.9 | 277.5 | 318.1 | 359.6 | 386.6 |
| Adj Net Profit ⓘ | 15.3 | 16.5 | 21 | 19.3 | 23.8 | 12.7 | -12.5 | 7.6 | 25.8 | 38.4 | 46 |
| Cash Flow from Ops. ⓘ | 1.2 | 31.4 | 19.5 | 39.7 | -4.7 | 21.5 | -20 | -28.6 | -4.3 | 61 | - |
| Debt/CF from Ops. ⓘ | 2.9 | 0.1 | 0.1 | 0.2 | 0 | 0 | -0.8 | -1.5 | -16.8 | 1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4.5% | 6.5% | 71.6% | 15.4% | ||||
| Adj EPS ⓘ | 11.5% | 11.2% | NA | 48.9% | ||||
| BVPSⓘ | 3.2% | 1.9% | 9.5% | 13% | ||||
| Share Price | 15.3% | 31.2% | 47.7% | 47.8% | ||||
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 % ⓘ | 8.8 | 9.1 | 10.9 | 9.6 | 11.5 | 6.5 | -7.2 | 4.5 | 14.2 | 18.6 | 20.2 |
| Op. Profit Mgn % ⓘ | 4.6 | 5.8 | 6.5 | 5.9 | 7.4 | 3.7 | -18.6 | 2.5 | 6.1 | 7.3 | 8 |
| Net Profit Mgn % ⓘ | 3.9 | 4 | 4.5 | 3.9 | 5.6 | 3.8 | -10.8 | 2.7 | 5.1 | 6.6 | 7.3 |
| Debt to Equity ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.3 | 0.4 | 0.3 | 0 |
| Working Cap Days ⓘ | 211 | 215 | 177 | 169 | 199 | 223 | 548 | 246 | 170 | 167 | 95 |
| Cash Conv. Cycle ⓘ | 13 | 8 | 10 | 18 | 32 | 45 | 123 | 54 | 47 | 41 | 55 |
Return on Equity has increased versus last 3 years average to 20.20%
Sales growth is growing at healthy rate in last 3 years 71.57%
Sales growth is good in last 4 quarters at 31.25%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 75.5 | - |
| TTM Sales (₹ Cr.) | 630 | - |
| BVPS (₹.) ⓘ | 386.6 | - |
| Reserves (₹ Cr.) ⓘ | 229 | - |
| P/BV ⓘ | 5.83 | - |
| PE ⓘ | 29.84 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1385.00 / 3449.00 |
| All Time Low / High (₹) | 2.18 / 3449.00 |
| Market Cap (₹ Cr.) | 1,371 |
| Equity (₹ Cr.) | 6.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 51.1 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 395 | 417 | 467 | 489 | 426 | 333 | 116 | 282 | 506 | 584 |
| Operating Expenses ⓘ | 377 | 393 | 437 | 461 | 395 | 323 | 137 | 275 | 475 | 542 |
| Manufacturing Costs | 48 | 52 | 67 | 67 | 59 | 47 | 14 | 28 | 59 | 72 |
| Material Costs | 278 | 287 | 312 | 333 | 275 | 219 | 75 | 200 | 357 | 407 |
| Employee Cost | 40 | 42 | 46 | 43 | 47 | 46 | 40 | 39 | 47 | 48 |
| Other Costs ⓘ | 11 | 11 | 12 | 17 | 14 | 12 | 8 | 8 | 12 | 14 |
| Operating Profit ⓘ | 18 | 24 | 30 | 29 | 31 | 10 | -22 | 7 | 31 | 43 |
| Operating Profit Margin (%) | 4.6% | 5.8% | 6.5% | 5.9% | 7.4% | 2.9% | -18.6% | 2.5% | 6.1% | 7.3% |
| Other Income ⓘ | 7 | 7 | 8 | 8 | 10 | 10 | 10 | 7 | 8 | 13 |
| Interest ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation ⓘ | 1 | 5 | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 1 | -4 | -1 | 0 | -6 | 3 | 0 |
| Profit Before Tax ⓘ | 24 | 25 | 32 | 33 | 32 | 13 | -16 | 3 | 37 | 51 |
| Tax ⓘ | 8 | 9 | 11 | 13 | 11 | 3 | -4 | 0 | 9 | 13 |
| Profit After Tax | 15 | 17 | 21 | 20 | 21 | 10 | -13 | 3 | 28 | 38 |
| PAT Margin (%) | 3.9% | 4.0% | 4.5% | 4.1% | 4.9% | 3.0% | -10.8% | 1.2% | 5.5% | 6.6% |
| Adjusted EPS (₹) | 23.8 | 25.7 | 32.6 | 31.4 | 32.5 | 16.4 | -20.5 | 5.7 | 45.7 | 63.0 |
| Dividend Payout Ratio (%) | 63% | 58% | 54% | 56% | 54% | 61% | 0% | 0% | 38% | 32% |
| 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 | 175 | 189 | 197 | 204 | 210 | 182 | 167 | 169 | 194 | 219 |
| Share Capital ⓘ | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Reserves ⓘ | 168 | 183 | 190 | 197 | 204 | 175 | 161 | 163 | 188 | 213 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 4 | 3 | 2 | 6 | 0 | 0 | 17 | 42 | 72 | 62 |
| Long Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short Term Debt | 4 | 3 | 2 | 6 | 0 | 0 | 17 | 42 | 72 | 62 |
| Trade Payables | 69 | 61 | 77 | 72 | 61 | 55 | 34 | 55 | 51 | 65 |
| Others Liabilities ⓘ | 91 | 82 | 23 | 29 | 28 | 23 | 14 | 16 | 20 | 27 |
| Total Liabilities ⓘ | 338 | 335 | 299 | 311 | 300 | 260 | 231 | 283 | 336 | 373 |
Fixed Assets | ||||||||||
| Gross Block | 133 | 135 | 125 | 127 | 127 | 136 | 136 | 135 | 139 | 145 |
| Accumulated Depreciation | 64 | 68 | 63 | 67 | 71 | 76 | 81 | 85 | 90 | 94 |
| Net Fixed Assetsⓘ | 69 | 67 | 63 | 59 | 56 | 60 | 55 | 50 | 49 | 51 |
| CWIP ⓘ | 12 | 8 | 8 | 8 | 7 | 0 | 0 | 0 | 0 | 1 |
| Investmentsⓘ | 0 | 0 | 0 | 3 | 7 | 6 | 9 | 11 | 0 | 0 |
| Inventories | 31 | 34 | 54 | 48 | 47 | 40 | 39 | 40 | 51 | 49 |
| Trade Receivables | 54 | 46 | 55 | 58 | 68 | 49 | 24 | 72 | 81 | 77 |
| Cash Equivalents | 2 | 2 | 2 | 2 | 4 | 12 | 2 | 7 | 30 | 41 |
| Others Assetsⓘ | 170 | 179 | 117 | 132 | 111 | 93 | 102 | 103 | 125 | 154 |
| Total Assets ⓘ | 338 | 335 | 299 | 311 | 300 | 260 | 231 | 283 | 336 | 373 |
| 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 ⓘ | 1 | 31 | 19 | 40 | -5 | 21 | -20 | -29 | -4 | 61 |
| PBT ⓘ | 24 | 25 | 32 | 33 | 32 | 13 | -16 | 3 | 37 | 51 |
| Adjustment ⓘ | -4 | 0 | 2 | -2 | -4 | -1 | -5 | -2 | -3 | -6 |
| Changes in Working Capital ⓘ | -10 | 15 | -3 | 21 | -21 | 16 | 1 | -28 | -34 | 23 |
| Tax Paid ⓘ | -8 | -9 | -12 | -12 | -12 | -6 | 0 | -2 | -5 | -7 |
| Cash Flow From Investing Activity ⓘ | 9 | -19 | -5 | -29 | 26 | 25 | -3 | 9 | -29 | -11 |
| Capex | -11 | -4 | -4 | -2 | -2 | -1 | 0 | 0 | -4 | -6 |
| Net Investments | 2 | 0 | 0 | -3 | -4 | -1 | 0 | 0 | -17 | 17 |
| Others ⓘ | 19 | -15 | -1 | -24 | 31 | 28 | -3 | 9 | -8 | -21 |
| Cash Flow From Financing Activityⓘ | -10 | -12 | -14 | -10 | -20 | -39 | 14 | 25 | 28 | -22 |
| 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 ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Paid ⓘ | -11 | -11 | -13 | -13 | -13 | -13 | -3 | 0 | -2 | -12 |
| Others ⓘ | 1 | -1 | -1 | 4 | -6 | -25 | 17 | 25 | 29 | -10 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 2 | 8 | -10 | 6 | -5 | 28 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 8.83 | 9.09 | 10.87 | 10.07 | 10.08 | 5.08 | -7.18 | 2.05 | 15.36 | 18.6 |
| ROCE (%) | 13.62 | 13.96 | 16.7 | 16.23 | 15.18 | 6.9 | -8.87 | 1.74 | 15.61 | 18.72 |
| Asset Turnover Ratio | 1.3 | 1.3 | 1.58 | 1.64 | 1.4 | 1.19 | 0.47 | 1.1 | 1.64 | 1.65 |
| PAT to CFO Conversion(x) | 0.07 | 1.82 | 0.9 | 2 | -0.24 | 2.1 | N/A | -9.67 | -0.14 | 1.61 | Working Capital Days |
| Receivable Days | 42 | 42 | 37 | 41 | 54 | 64 | 116 | 62 | 55 | 49 |
| Inventory Days | 25 | 27 | 32 | 37 | 41 | 47 | 125 | 51 | 33 | 31 |
| Payable Days | 71 | 83 | 81 | 82 | 89 | 97 | 216 | 81 | 54 | 52 |
Automobile Corporation of Goa (ACGL), the first major engineering unit to be set up in Goa, a tiny but picturesque state of India, was jointly promoted in 1980 by Tata Motors (formerly known as Tata Engineering and Locomotive), the largest automobile manufacturer in the country and EDC (formerly known as Economic Development Corporation of Goa , Daman and Diu). Right from the inception, ACGL, with its emphasis on quality, safety, productivity and reliability in line with the Tata ethos has been endearing itself to its customers.
The company manufactures sheet metal components, assemblies and bus coaches at its factories situated at villages Honda and Bhuimpal, Goa. The company is in operation since 1982 and is a major supplier of pressings and assemblies to Tata Motors' Pune factory. To meet “Just In Time†supplies to the customer, the company has set up a press shop at Jejuri, Pune. The sheet metal division at its three units has high tonnage presses with an output of more than 17,620 tonnes that have ensured complete customer satisfaction.
In 1987, the company entered into a technical collaboration agreement with Fuji Heavy Industries, Japan, makers of Subaru car for various models of chassis mounted bus bodies and set up a full fledged bus body building division. The company had a further agreement with FHI to build Monocoque buses in 1995.
Excellent production facilities,highly skilled and continuously trained manpower of Engineers,Technicians and other staff have ensured world class products and services. In its quest towards business excellence , the company practices Integrated Management Systems including quality, environment,health and safety in all its operations.The company is professionally managed. The company’s shares are listed on The Stock Exchange, Mumbai.
Products:
1. Bus Body:
2. Sheet Metal
Division:
Certifications:
1. TUV INDIA on April 1998 gave ISO 9000:1994 certifications to its Sheet Metal Division.
2. RWTUV ANLAGENTECHNIK GMBH on March 2002 gave QS 9000 certification to its Sheet Metal Division.
3. TUV SUDDEUTSCHLAND on July 2005 gave TS 16949:2002 certification to its Sheet Metal Division.
4. Bhuimpal Pressing Unit was certified by INTERNATIONAL CERTIFICATION on Feb-2004 as ISO 9001:2000.
5. Bhuimpal Pressing Unit was certified by TUV SUDDEUTSCHLAND on July 2005 as TS 16949:2002.
6. Jejuri Pressing Unit was ISO 9001:2000 certified on April 2004 by INTERNATIONAL CERTIFICATION.
7. Jejuri Pressing Unit was certified as TS16949 Second Edition on February 2008 by BUREAU VERITAS CERTIFICATION.
8. Bus Body Division was certified as TS16949 Second Edition on Jun 2008 by BUREAU VERITAS CERTIFICATION.
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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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