Austin Engineering Company Ltd - Stock Valuation and Financial Performance

BSE: 522005 | NSE: | Bearings | Small Cap

Austin EngineeringCo Share Price

190.20 -0.10 -0.05%
as on 26-Dec'24 15:07

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Austin Engineering Company stock performance -

mw4me loader
P/E Ratio (SA):
15.73
Market Cap:
66.2 Cr.
52-wk low:
167.3
52-wk high:
267.8

Is Austin Engineering Company Ltd an attractive stock to invest in?

1. Is Austin Engineering Company Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Austin Engineering Company Ltd is a below average quality company.

2. Is Austin Engineering Company Ltd undervalued or overvalued?

The key valuation ratios of Austin Engineering Company Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Austin Engineering Company Ltd a good buy now?

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

10 Year X-Ray of Austin EngineeringCo:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Austin Engineering Company Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 8.5%-0.6%-3.6%-0.7%5.6%-1%0%3.6%9%8.8%-
Value Creation
Index
-0.4-1.0-1.3-1.1-0.6-1.1-1.0-0.8-0.4-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 98.37070.775.395.17168.389.1108109106
Sales YoY Gr.--28.8%0.9%6.6%26.2%-25.3%-3.8%30.4%21.2%0.6%-
Adj EPS 11.1-5.7-8-5.45.1-6-2.93.67.47.912.1
YoY Gr.--151.3%NANANA-218.8%NANA104.1%6.2%-
BVPS (₹) 164160.5151.1147.4153.3148.1146.4151.1162171.4178.7
Adj Net
Profit
3.9-2-2.8-1.91.8-2.1-11.32.62.74
Cash Flow from Ops. -0.323.33.7-0.94.210.4-0.43.912.9-
Debt/CF from Ops. -32.94.42.11.4-8.31.50.6-9.200.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.1%2.7%16.7%0.6%
Adj EPS -3.7%9.3%NA6.2%
BVPS0.5%2.3%5.4%5.8%
Share Price 8.5% 38.1% 45.5% 6.5%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
6.9-3.5-5.2-3.63.4-4-22.54.74.76.9
Op. Profit
Mgn %
7.5-1.2-2.2-0.73.4-2.1-0.22.63.33.44.6
Net Profit
Mgn %
3.9-2.8-3.9-2.51.9-2.9-1.51.42.42.54
Debt to
Equity
0.20.20.10.10.10.10.10.1000
Working Cap
Days
273381363339275372358262216200123
Cash Conv.
Cycle
17627225222617826223616213813387

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.90%

Sales growth is growing at healthy rate in last 3 years 16.73%

Net Profit has been subdued in last 3 years 0.00%

Sales growth is not so good in last 4 quarters at 3.17%

Latest Financials - Austin Engineering Company Ltd.

Standalone Consolidated
TTM EPS (₹) 12.1 12.2
TTM Sales (₹ Cr.) 106 109
BVPS (₹.) 178.7 182.2
Reserves (₹ Cr.) 59 60
P/BV 1.06 1.04
PE 15.73 15.55
From the Market
52 Week Low / High (₹) 167.25 / 267.80
All Time Low / High (₹) 2.10 / 267.80
Market Cap (₹ Cr.) 66.2
Equity (₹ Cr.) 3.5
Face Value (₹) 10
Industry PE 45.5

Management X-Ray of Austin EngineeringCo:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Austin EngineeringCo

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales98.3070.0470.6875.3395.0971.0468.3289.07107.98108.66
Operating Expenses 91.8670.8872.2375.9291.8572.5768.4887.30104.45104.99
Manufacturing Costs19.3813.6613.8314.5917.3113.1410.5517.6324.4627.43
Material Costs42.8730.4933.9138.2149.5735.7636.3543.9051.4749.03
Employee Cost 16.9117.2515.3915.3415.8816.0114.9715.7716.7318.17
Other Costs 12.709.499.107.779.097.676.611011.7810.36
Operating Profit 6.43-0.84-1.55-0.583.24-1.53-0.171.773.533.66
Operating Profit Margin (%) 6.5%-1.2%-2.2%-0.8%3.4%-2.1%-0.2%2.0%3.3%3.4%
Other Income 0.251.700.451.281.102.031.221.132.492.86
Interest 0.941.021.010.630.740.980.850.640.340.43
Depreciation 1.311.231.131.101.101.081.030.900.961.36
Exceptional Items 0000000000
Profit Before Tax 4.44-1.39-3.24-1.042.51-1.56-0.831.374.724.74
Tax 1.15-0.18-0.530.200.43-0.19-0.08-0.050.691.27
Profit After Tax 3.29-1.21-2.71-1.242.08-1.37-0.751.424.033.47
PAT Margin (%) 3.3%-1.7%-3.8%-1.6%2.2%-1.9%-1.1%1.6%3.7%3.2%
Adjusted EPS (₹)9.5-3.5-7.8-3.66.0-3.9-2.24.111.610.0
Dividend Payout Ratio (%)16%0%0%0%8%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 57.0255.8152.5651.2553.3151.4950.9352.5556.3359.60
Share Capital 3.483.483.483.483.483.483.483.483.483.48
Reserves 53.5452.3349.0847.7749.8448.0147.4549.0752.8556.12
Minority Interest0000000000
Debt9.378.486.865.057.026.195.803.7601.13
Long Term Debt0.020.130.100000000
Short Term Debt9.358.356.765.057.026.195.803.7601.13
Trade Payables17.3314.3417.3219.1916.219.4913.2917.9313.3213.27
Others Liabilities 9.8911.838.368.729.7819.7515.3611.2112.1014.56
Total Liabilities 93.6190.4685.1084.2086.3386.9285.3885.4581.7588.56

Fixed Assets

Gross Block41.7442.5942.8942.9143.6845.4545.9146.4548.5550.42
Accumulated Depreciation29.5130.3931.5032.4133.4034.4935.5236.4237.3838.33
Net Fixed Assets12.2312.2011.3910.4910.2810.9610.3910.0211.1612.09
CWIP 00.0100000000.72
Investments 0.410.410.370.370.240.230.231.733.2314.92
Inventories47.0251.4248.4447.3046.5043.4537.8343.3732.5728.06
Trade Receivables24.7420.2719.0217.9021.3616.5915.4316.2323.8123.59
Cash Equivalents 3.071.481.953.132.903.5412.737.864.344.23
Others Assets6.144.673.935.015.0612.158.776.246.624.95
Total Assets 93.6190.4685.1084.2086.3386.9285.3885.4581.7588.56

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -0.291.963.273.74-0.854.2310.40-0.413.9412.85
PBT 4.44-1.39-3.24-1.042.51-1.56-0.831.374.724.96
Adjustment 2.162.0421.631.601.811.571.441.241.21
Changes in Working Capital -5.321.344.513.14-4.444.339.58-3.22-0.917.72
Tax Paid -1.56-0.0300-0.52-0.350.080-1.12-1.04
Cash Flow From Investing Activity -0.70-1.01-0.17-0.12-0.62-1.56-0.15-1.78-3.46-13.63
Capex -0.92-1.09-0.30-0.23-0.86-1.77-0.39-0.54-2.07-2.53
Net Investments 0.13000-0.010-0.07-1.50-1.50-11.30
Others 0.080.090.140.110.250.210.310.260.110.20
Cash Flow From Financing Activity 2.45-2.54-2.64-2.441.23-2.02-1.06-2.68-3.990.68
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.030.11-0.03-0.1000-0.39-2.0400
Interest Paid -0.94-1.02-1.01-0.63-0.74-0.98-0.68-0.64-0.23-0.25
Dividend Paid -0.52-0.52000-0.170000
Others 3.95-1.11-1.59-1.701.97-0.8700-3.760.93
Net Cash Flow 1.47-1.590.471.18-0.230.649.19-4.87-3.52-0.11
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)5.89-2.14-5-2.393.98-2.61-1.462.757.395.98
ROCE (%)8.5-0.57-3.59-0.75.57-0.980.033.558.998.83
Asset Turnover Ratio1.110.80.850.91.120.820.791.041.31.28
PAT to CFO Conversion(x)-0.09N/AN/AN/A-0.41N/AN/A-0.290.983.7
Working Capital Days
Receivable Days901119788759786656779
Inventory Days163243245229180231217166127101
Payable Days15219017017413013111413011199

Austin Engineering Company Ltd Stock News

Austin Engineering Company Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Austin EngineeringCo on 26-Dec-2024 15:07 is ₹190.2.
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 26-Dec-2024 15:07 the market cap of Austin EngineeringCo stood at ₹66.18.
The latest P/E ratio of Austin EngineeringCo as of 26-Dec-2024 15:07 is 15.73.
The latest P/B ratio of Austin EngineeringCo as of 26-Dec-2024 15:07 is 1.06.
The 52-week high of Austin EngineeringCo is ₹267.8 and the 52-week low is ₹167.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Austin EngineeringCo is ₹106.2 ( Cr.) .

About Austin Engineering Company Ltd

Austin Engineering Company, founded by five technocrats as a partnership firm in 1973, is an ISO/TS 16949:2002 certified manufacturer of widest range of ball and roller bearings and its components in India without any foreign collaboration.It is located near Junagadh in Gujarat State.

Rapid development and flexible manufacturing system along with effective global delivery network enabled the company to deliver quality products with shorter lead time and competitive prices.

Products of the company

  • Ball Bearings
  • Cylindrical Roller Bearings
  • Needle Roller Bearings
  • Tapered Roller Bearings
  • Spherical Roller Bearings
  • Flexible Roller Bearings
  • Super Precision Bearings
  • Special Purpose Bearings

History of the company

  • 1973: Partnership firm formed by five technocrats. Started manufacturing needle roller cage assemblies with the manpower of 10 and the capital investment of 3500 US Dollars
  • 1974: Started manufacturing cylindrical roller bearings and deep groove ball bearings up to 50mm diameter.
  • 1975: Started manufacturing single row spherical roller bearings.
  • 1978: Partnership firm converted into Private Limited Company. Started manufacturing tapered Roller Bearing up to 100mm diameter.
  • 1980: Manufacturing capacity of all aforesaid bearings increased up to 150mm diameter.
  • 1982: Started supplying bearings for gear box application to Premier Automobiles Limited (FIAT-Italy Collaboration) for passenger cars.
  • 1984: Started supplying case carburized specially heat treated ground components (exclusive supplier) and King-pin bearings to TELCO for light and heavy commercial vehicles.
  • 1985: Converted into Public Llimited Company and offered shares to public.
  • 1986: Started New Plant (Unit II) with installation of machinery and testing/measuring equipment imported from Germany. Started exporting bearings to developed countries such as UK, USA, and Italy.
  • 1987: Started manufacturing import substitute bearings for military tanks and armed vehicles of Indian Defense Department.
  • 1990: Increased manufacturing capacity to 600mm diameter. Started manufacturing double row tapered and spherical roller bearings.
  • 1991: Awarded indefinite rate contract with All India State Road Transport Undertakings (ASRTU) for 78 sizes of bearings for their passengers vehicles.
  • 1993: Started manufacturing flexible roller bearings.
  • 1995: Manufacturing capacity increased to 800mm diameter.
  • 1997: Started manufacturing flush ground single row angular contact ball bearings for US and European Markets.
  • 1998: Started production of four row tapered roller and mutli-row cylinderical roller bearings for roll-neck application in steel plants.
  • 1999: Awarded ISO 9001 Certification for design and manufacturing of all type of rolling bearings from TUV Rheinland.
  • 2000: Established AEC Europe S.R.L in Milan, Italy.
  • 2002: Developed stainless steel (Grade 440C) bearings (for Atomic Energy Plant).
  • 2003: Developed and supplied Screw Down bearing (equivalent to Torrington 202 TTSX 942 EE2000).
  • 2004: Developed Slim bearings (Constant Section Bearings) up to 18 inch. Established Accurate Engineering Inc.(WOS of AEC Ltd.) in USA.
  • 2006: Awarded ISO/TS 16949:2002 Certification for design and manufacturing of all type of rolling bearings from TUV Rheinland.
  • 2008: Developed crossed cylindrical and tapered roller bearings .
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