BSE: 522217 | NSE: GUJAPOLLO | Engineering - Industrial Equipments | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Gujarat Apollo Industries Ltd is a below average quality company.
The key valuation ratios of Gujarat Apollo Industries 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 Semi Strong which suggest that the price of Gujarat Apollo Industries Ltd is likely to Rise-somewhat 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 % ⓘ | 2.9% | 1.6% | 4.1% | 6.2% | 2.8% | 4.7% | 0.8% | 0.4% | 1.1% | 1.9% | - |
| Value Creation Index ⓘ | -0.8 | -0.9 | -0.7 | -0.6 | -0.8 | -0.7 | -0.9 | -1.0 | -0.9 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 67.5 | 77.9 | 67.6 | 68.4 | 29.8 | 26.5 | 29.2 | 29.6 | 23.9 | 38.3 | 29 |
| Sales YoY Gr. | - | 15.5% | -13.3% | 1.2% | -56.4% | -11.2% | 10.1% | 1.4% | -19.2% | 60.3% | - |
| Adj EPS ⓘ | -1.8 | -1.4 | 2.6 | 1.4 | 6.7 | 6.7 | 1.3 | 1.2 | 1.9 | 3.5 | 3.2 |
| YoY Gr. | - | NA | NA | -47.1% | 382.6% | 0.5% | -81.3% | -4% | 61.7% | 78.4% | - |
| BVPS (₹) ⓘ | 183.5 | 182.5 | 199.7 | 200 | 199 | 203.7 | 202.1 | 196.8 | 196.5 | 197.3 | 198.4 |
| Adj Net Profit ⓘ | -2.7 | -1.9 | 3.6 | 1.8 | 8.4 | 8.5 | 1.6 | 1.4 | 2.3 | 4.1 | 4 |
| Cash Flow from Ops. ⓘ | -18.5 | 9.2 | -18 | -24.9 | -5.3 | 0 | -8.5 | -8.1 | -7.7 | -2.4 | - |
| Debt/CF from Ops. ⓘ | -6 | 12.3 | -2.2 | -0.4 | -2.3 | -1339.1 | -0.9 | -1.2 | -1.4 | -4.9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -6.1% | 5.1% | 9.5% | 60.3% | ||||
| Adj EPS ⓘ | NA | -12.3% | 40.4% | 78.4% | ||||
| BVPSⓘ | 0.8% | -0.2% | -0.8% | 0.4% | ||||
| Share Price | 10.6% | 19.5% | 15.9% | 37.5% | ||||
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 % ⓘ | -0.9 | -0.7 | 1.4 | 0.7 | 3.3 | 3.3 | 0.6 | 0.6 | 1 | 1.8 | 1.6 |
| Op. Profit Mgn % ⓘ | -8.7 | -6 | -13.9 | -11.6 | -11.9 | -17 | -35.6 | -28.7 | -28.5 | -12.6 | -23.5 |
| Net Profit Mgn % ⓘ | -4 | -2.5 | 5.3 | 2.6 | 28.3 | 32 | 5.4 | 4.8 | 9.6 | 10.6 | 12.7 |
| Debt to Equity ⓘ | 0.4 | 0.5 | 0.1 | 0 | 0.1 | 0 | 0 | 0 | 0.1 | 0.1 | 0 |
| Working Cap Days ⓘ | 860 | 739 | 805 | 851 | 2,065 | 2,413 | 2,193 | 2,089 | 2,494 | 1,549 | 1,074 |
| Cash Conv. Cycle ⓘ | 109 | 108 | 128 | 133 | 312 | 318 | 234 | 208 | 237 | 138 | 950 |
Return on Equity has increased versus last 3 years average to 1.60%
Net Profit is growing at healthy rate in last 3 years 40.41%
Sales growth is good in last 4 quarters at 32.38%
Sales growth has been subdued in last 3 years 9.51%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.2 | 9.6 |
| TTM Sales (₹ Cr.) | 29.3 | 45 |
| BVPS (₹.) ⓘ | 198.4 | 411.5 |
| Reserves (₹ Cr.) ⓘ | 222 | 474 |
| P/BV ⓘ | 1.64 | 0.79 |
| PE ⓘ | 103.08 | 33.82 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 211.80 / 415.05 |
| All Time Low / High (₹) | 6.67 / 415.05 |
| Market Cap (₹ Cr.) | 385 |
| Equity (₹ Cr.) | 11.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 59 |
| 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 | 67 | 78 | 68 | 68 | 30 | 26 | 29 | 30 | 24 | 38 |
| Operating Expenses ⓘ | 73 | 85 | 84 | 76 | 33 | 31 | 40 | 39 | 31 | 44 |
| Manufacturing Costs | 5 | 6 | 9 | 8 | 4 | 4 | 3 | 4 | 3 | 5 |
| Material Costs | 53 | 56 | 51 | 56 | 22 | 19 | 27 | 23 | 18 | 28 |
| Employee Cost | 5 | 6 | 6 | 6 | 4 | 4 | 4 | 5 | 5 | 5 |
| Other Costs ⓘ | 11 | 17 | 19 | 7 | 4 | 4 | 5 | 7 | 5 | 6 |
| Operating Profit ⓘ | -6 | -7 | -16 | -8 | -4 | -5 | -10 | -9 | -7 | -6 |
| Operating Profit Margin (%) | -8.7% | -9.2% | -24.0% | -11.8% | -11.9% | -17.1% | -35.7% | -31.4% | -30.3% | -15.4% |
| Other Income ⓘ | 19 | 15 | 32 | 28 | 16 | 19 | 15 | 13 | 12 | 13 |
| Interest ⓘ | 11 | 10 | 6 | 2 | 1 | 1 | 0 | 1 | 1 | 1 |
| Depreciation ⓘ | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | -3 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 0 | -4 | 8 | 16 | 6 | 12 | 2 | 0 | 2 | 4 |
| Tax ⓘ | 3 | 0 | -2 | 6 | 0 | 1 | 0 | -1 | 0 | 0 |
| Profit After Tax | -3 | -4 | 10 | 10 | 6 | 10 | 2 | 1 | 2 | 3 |
| PAT Margin (%) | -3.8% | -4.7% | 14.9% | 15.2% | 21.0% | 38.8% | 7.1% | 3.0% | 8.4% | 8.7% |
| Adjusted EPS (₹) | -1.7 | -2.7 | 7.4 | 8.2 | 4.9 | 8.1 | 1.6 | 0.7 | 1.7 | 2.8 |
| Dividend Payout Ratio (%) | -147% | -93% | 34% | 37% | 61% | 37% | 122% | 270% | 117% | 71% |
| 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 | 278 | 249 | 273 | 253 | 252 | 258 | 256 | 232 | 232 | 233 |
| Share Capital ⓘ | 15 | 14 | 14 | 13 | 13 | 13 | 13 | 12 | 12 | 12 |
| Reserves ⓘ | 263 | 236 | 259 | 241 | 239 | 245 | 243 | 220 | 220 | 221 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 107 | 109 | 39 | 10 | 12 | 9 | 7 | 9 | 10 | 11 |
| Long Term Debt | 4 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 |
| Short Term Debt | 103 | 109 | 39 | 10 | 12 | 9 | 6 | 8 | 8 | 9 |
| Trade Payables | 8 | 7 | 9 | 3 | 6 | 4 | 6 | 8 | 3 | 5 |
| Others Liabilities ⓘ | 18 | 19 | 5 | 5 | 5 | 6 | 4 | 7 | 5 | 4 |
| Total Liabilities ⓘ | 411 | 385 | 325 | 271 | 275 | 277 | 273 | 256 | 250 | 253 |
Fixed Assets | ||||||||||
| Gross Block | 48 | 56 | 52 | 52 | 53 | 54 | 52 | 53 | 52 | 51 |
| Accumulated Depreciation | 10 | 12 | 13 | 15 | 17 | 19 | 18 | 20 | 22 | 20 |
| Net Fixed Assetsⓘ | 38 | 44 | 39 | 38 | 36 | 35 | 33 | 33 | 29 | 31 |
| CWIP ⓘ | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 0 |
| Investmentsⓘ | 166 | 163 | 114 | 62 | 62 | 58 | 55 | 55 | 55 | 55 |
| Inventories | 25 | 26 | 25 | 22 | 20 | 20 | 15 | 20 | 16 | 11 |
| Trade Receivables | 8 | 9 | 8 | 7 | 10 | 4 | 6 | 3 | 1 | 8 |
| Cash Equivalents | 17 | 8 | 8 | 6 | 6 | 6 | 10 | 1 | 1 | 0 |
| Others Assetsⓘ | 151 | 134 | 130 | 136 | 142 | 154 | 153 | 145 | 145 | 147 |
| Total Assets ⓘ | 411 | 385 | 325 | 271 | 275 | 277 | 273 | 256 | 250 | 253 |
| 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 ⓘ | -18 | 9 | -18 | -25 | -5 | 0 | -9 | -8 | -8 | -2 |
| PBT ⓘ | 0 | -4 | 8 | 16 | 6 | 12 | 2 | 0 | 2 | 4 |
| Adjustment ⓘ | -9 | 1 | -19 | -34 | -13 | -16 | -11 | -8 | -7 | -8 |
| Changes in Working Capital ⓘ | 27 | 12 | -6 | -5 | 2 | 6 | 0 | -0 | -1 | -0 |
| Tax Paid ⓘ | -37 | 0 | -1 | -3 | -1 | -2 | 0 | 0 | -1 | 3 |
| Cash Flow From Investing Activity ⓘ | -5 | 11 | 98 | 72 | 10 | 8 | 14 | 33 | 9 | 5 |
| Capex | -4 | -2 | 0 | -1 | -1 | -1 | -1 | -1 | -2 | -2 |
| Net Investments | -1 | 0 | 79 | 60 | 1 | 1 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 13 | 19 | 13 | 10 | 9 | 15 | 33 | 11 | 7 |
| Cash Flow From Financing Activityⓘ | 14 | -29 | -80 | -49 | -5 | -8 | -6 | -24 | -2 | -3 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -4 | -4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -11 | -10 | -6 | -2 | -1 | -1 | 0 | -1 | -1 | -1 |
| Dividend Paid ⓘ | -4 | -5 | -4 | 0 | -7 | -4 | -4 | -2 | -2 | -2 |
| Others ⓘ | 33 | -11 | -70 | -48 | 3 | -3 | -1 | -21 | 2 | 1 |
| Net Cash Flow ⓘ | -9 | -9 | 0 | -2 | 0 | 0 | 0 | 0 | 0 | 0 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -0.9 | -1.39 | 3.86 | 3.94 | 2.48 | 4.03 | 0.81 | 0.36 | 0.87 | 1.43 |
| ROCE (%) | 2.88 | 1.57 | 4.06 | 6.23 | 2.79 | 4.73 | 0.81 | 0.43 | 1.13 | 1.94 |
| Asset Turnover Ratio | 0.18 | 0.22 | 0.21 | 0.24 | 0.11 | 0.1 | 0.11 | 0.11 | 0.09 | 0.15 |
| PAT to CFO Conversion(x) | N/A | N/A | -1.8 | -2.5 | -0.83 | 0 | -4.5 | -8 | -4 | -0.67 | Working Capital Days |
| Receivable Days | 42 | 37 | 43 | 39 | 101 | 98 | 62 | 52 | 32 | 46 |
| Inventory Days | 122 | 105 | 124 | 124 | 261 | 274 | 217 | 218 | 273 | 128 |
| Payable Days | 59 | 49 | 55 | 39 | 76 | 91 | 63 | 107 | 113 | 53 |
Gujarat Apollo Industries was incorporated as a joint venture between Apollo Earth Movers and Gujarat Industrial Investment Corporation (GIIC) on October 7, 1986. It is the flagship company of Apollo Group of companies.
The company was originally known as Gujarat Apollo Equipments. It got the present name on November 28, 2006. In 1992, GIIC sold its holding to its promoter group.
Apollo is primarily engaged in the business of manufacturing various types of road construction and maintenance machinery with the assistance of technical tie-up with different foreign collaborators including Barber Greene,
From a modest beginning, Gujarat Apollo today offers an entire range of road construction equipment that help in building roads that are safe, durable and economical. Apollo's mission is to retain the leadership through continuous research and development and world class technology availed through joint venture or technology transfers.
The company is committed to offer equipment best suited to meet the rising demands of the nation’s world wide, meeting the quality standards technological sophistication and environment norms. It believes that customer satisfaction is achieved through quality of products and services, continuous improvement and up gradation of people process and procedure.
It has invested heavily in modern infrastructure, research and development and quality manpower that result in a product quality that more than meets the exacting quality standards of customers, international consultants and decision makers in governments.
Apollo as a group has diversified into road building, electronics, software development, industrial finance and environment protection.
With the state-of-the-art manufacturing facilities, ISO certified process, controlled production techniques combined with top quality raw materials, Gujarat Apollo delivers such high quality standards in the products that justifies the pride of ownership. They offer:
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