Omax Autos Ltd - Stock Valuation and Financial Performance

BSE: 520021 | NSE: OMAXAUTO | Trading | Small Cap

Omax Autos Share Price

110.60 -3.20 -2.81%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Omax Autos

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Omax Autos stock performance -

mw4me loader
P/E Ratio (SA):
7.05
Market Cap:
243.4 Cr.
52-wk low:
57.6
52-wk high:
167.4

Is Omax Autos Ltd an attractive stock to invest in?

1. Is Omax Autos Ltd a good quality company?

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

2. Is Omax Autos Ltd undervalued or overvalued?

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

3. Is Omax Autos Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Omax Autos 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 Omax Autos:

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.
Omax Autos 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 % 7.7%8.9%5.6%8.5%8.5%15.7%3.1%10.7%1.3%10.9%-
Value Creation
Index
-0.5-0.4-0.6-0.4-0.40.1-0.8-0.2-0.9-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,0041,0271,0421,179992467161222301355372
Sales YoY Gr.-2.3%1.5%13.1%-15.9%-52.9%-65.4%37.6%35.4%18.1%-
Adj EPS 1.33.5-0.93.50.14.4-22.4-9.4-10.8-2.316.1
YoY Gr.-173.4%-126.6%NA-96.3%3292.3%-606.8%NANANA-
BVPS (₹) 100.4102.9103.1107.6107.1126.8134.1145.1133.7139.1145.6
Adj Net
Profit
2.77.5-27.50.39.4-47.8-20-23.1-535
Cash Flow from Ops. 34.650.2-21.468.5-87.414.724.619.135.120.7-
Debt/CF from Ops. 42-7.31.9-2.2158.97.23.25.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -10.9%-18.6%30.1%18.1%
Adj EPS -206.9%-278.3%NANA
BVPS3.7%5.4%1.2%4.1%
Share Price 6.3% 16.6% 35.9% 86.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
1.33.5-0.93.40.13.8-17.1-6.7-7.8-1.711.3
Op. Profit
Mgn %
4.55.23.23.64.14.5-25.7-10.45.27.27.8
Net Profit
Mgn %
0.30.7-0.20.602-29.6-9-7.7-1.49.3
Debt to
Equity
0.60.50.70.60.80.80.80.40.40.40.2
Working Cap
Days
65678410013527255129417812363
Cash Conv.
Cycle
-10-6618276414726-20-3014

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.30%

Sales growth is growing at healthy rate in last 3 years 30.06%

Sales growth is good in last 4 quarters at 17.63%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Omax Autos Ltd.

Standalone Consolidated
TTM EPS (₹) 16.1 0.2
TTM Sales (₹ Cr.) 372 1,095
BVPS (₹.) 145.6 0
Reserves (₹ Cr.) 290 180
P/BV 0.78 0.00
PE 7.05 736.23
From the Market
52 Week Low / High (₹) 57.60 / 167.40
All Time Low / High (₹) 2.29 / 215.90
Market Cap (₹ Cr.) 243
Equity (₹ Cr.) 21.4
Face Value (₹) 10
Industry PE 69

Management X-Ray of Omax Autos:

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 Omax Autos

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
Sales1,0041,0271,0421,179992467161222301355
Operating Expenses 9609741,0101,137952446203247287330
Manufacturing Costs93100114112884919201720
Material Costs693680679800700293114165226273
Employee Cost 1291421651651055131241719
Other Costs 44515260585339392818
Operating Profit 455333424021-42-251425
Operating Profit Margin (%) 4.4%5.1%3.1%3.5%4.0%4.4%-25.8%-11.3%4.6%7.1%
Other Income 661011132222321518
Interest 20142331282527282421
Depreciation 31282322201013152322
Exceptional Items 70000404860023
Profit Before Tax 815-41547-1223-1823
Tax -17-2-753-1-1611
Profit After Tax 88-28044-1023-2412
PAT Margin (%) 0.8%0.8%-0.2%0.6%0.0%9.3%-6.3%10.6%-8.1%3.3%
Adjusted EPS (₹)3.93.7-1.03.60.220.4-4.711.0-11.45.5
Dividend Payout Ratio (%)0%27%0%0%0%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 215220221230229271287310286298
Share Capital 21212121212121212121
Reserves 193199199209208250265289265276
Minority Interest0000000000
Debt10182140118186205164959374
Long Term Debt5556404351131162909370
Short Term Debt462610075135742404
Trade Payables1321461451571096937475744
Others Liabilities 8776909475791061056484
Total Liabilities 535525596599599624594556500500

Fixed Assets

Gross Block591597538544545362357409381377
Accumulated Depreciation297314299318387217167129113130
Net Fixed Assets293282238226158145190280268247
CWIP 02301315284100
Investments 0000000000
Inventories36425557744630281715
Trade Receivables1091141671651301173319113
Cash Equivalents 2627294026219383081
Others Assets7057103111198162238190174154
Total Assets 535525596599599624594556500500

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 3550-2168-871525193521
PBT 016-4157-59-37-1823
Adjustment 484247594830342030-3
Changes in Working Capital -10-2-6014-134-1551382611
Tax Paid -3-5-5-5-7-7-1-2-3-10
Cash Flow From Investing Activity 2-13-231730-333483-919
Capex -4-17-23-8-24-651081-1440
Net Investments 00025-4011-74-23
Others 6400583314912
Cash Flow From Financing Activity -35-3645-4940-2-42-104-34-11
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 01-5688459-87-24-3
Interest Paid -20-14-23-31-28-25-27-15-8-6
Dividend Paid 0-300000000
Others -15-2074-2560-61-73-1-1-2
Net Cash Flow 22136-17-2017-1-828
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)3.93.64-0.993.40.1917.42-3.627.86-8.164
ROCE (%)7.698.865.68.58.5315.713.1410.741.2910.85
Asset Turnover Ratio2.252.22.12.021.650.760.270.390.570.71
PAT to CFO Conversion(x)4.386.25N/A8.5N/A0.34N/A0.83N/A1.75
Working Capital Days
Receivable Days30354450549616943187
Inventory Days12121517244786482716
Payable Days7275786969111169938468

Omax Autos Ltd Stock News

Omax Autos Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Omax Autos on 21-Nov-2024 16:59 is ₹110.6.
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 21-Nov-2024 16:59 the market cap of Omax Autos stood at ₹243.4.
The latest P/E ratio of Omax Autos as of 21-Nov-2024 16:59 is 7.05.
The latest P/B ratio of Omax Autos as of 21-Nov-2024 16:59 is 0.78.
The 52-week high of Omax Autos is ₹167.4 and the 52-week low is ₹57.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Omax Autos is ₹372.1 ( Cr.) .

About Omax Autos Ltd

Omax Auto Ltd. was incorporated in 1983. It is a member of Munjal group of companies. The company is having a very broad customer base and supplies products to Maruti Udyog, Hero Honda, Escorts Bharat seats and other leading manufacturers of automobile industry. The company has also started supplying to SRF Nippon Denro Carrier Aircon and Eisher Mitsubishi on regular basis.

Fully attuned to evolving customer needs & requirements, over the years, the Omax group has grown from strength to strength. It has not only multiplied its manufacturing and engineering capabilities in a big way, but also taken a giant leap in the highly dynamic international market. The group is working hand in hand with a multitude of new clients across many industries.

The company is amongst top Three companies in sheet metal and tubular segment – (Process 85k Tons Steel pa) It is having the largest Sprocket manufacturing capacity (11 Million pa) in South East Asia.

The company is also having the largest Tri Nickel Chrome Plating facility (120 Million DM2) and the largest welding facility in India with 800 machines (100 Km welding capacity per day)

Product range of the company includes:

The company is a composite solution provider to different customer requirement.

Automotive

  • Tubular Welded Component
  • Sprocket
  • Welded Component in all
  • Sheet Metal Component in all

Engineering

  • Model Developed By UG-NX4 Software
  • 3D-Tool Model By UG-NX4

Railway & Defense Supplies  Metal Home Furnishing 

  • Carbon Steel
  • Stainless Steel

Clientele:

  • Hero Honda Motors Ltd.
  • Honda Motorcycle & Scooter India Pvt. Ltd.
  • Honda - Siel Car India Ltd. 
  • Carrier Aircon Ltd.
  • International Tractors 
  • Maruti Udyog Ltd. (Suzuki J.V) 
  • New Holland Tractor 
  • TVS Motors Limited  
  • Atlantic Global Services
  • Cummins
  • Delphi

Milestones:

1984 – 90- Started commercial production at Dharuhera for Hero Honda- Went public and established 2nd Plant at Gurgaon

1991 - 98- Expanded customer base to include TVS- Expanded product profile to include complete 2 wheeler body frame- Certified ISO 9002 compliant by TUV – Germany

1999 – 03- Established 3rd facility at Sidhrawali- Expanded process capability to include paint shop with technology from ABB- Major expansion and upgradation of electro plating facility- Kaizen process initiated across all plants- New customers added – New Holland Tractors, Honda Seil Cars- Set up separate Sprocket Division.

2003 – 08- ISO/TS-16949, ISO-14001 & OHSAS - 18001 compliant- 6th Plant at Bangalore (Karnataka)- 7th Plant INDITAL at Dharuhera (Haryana).- Started Exports to North America and Europe: Delphi, Tenneco,, Piaggio.- Established 8th Plant at Binola (Gurgaon).- TPM Activities initiated.- SAP rolled out in all plants.- Diversified in Home Furnishing Business with IKEA – Sweden.- Further diversified into Defence and Railway business as well.- Signed a Joint Venture Agreement with COC (China Oghiara Corporation),- Chassis project for TATA MOTORS under construction

Achievements/ recognition:

Certification

  • ISO/TS 16949
  • ISO 14001
  • ISO 18001
  • India Govt. Approved, NABL Calibrated Lab
  • DOL to Suzuki Motors & HHML
  • Quality Tools
  • 5S & 5W
  • KAIZEN
  • TPM

OMAX AUTOS has established, documented, implemented and maintained an Integrated Management System in line with the requirement of ISO/TS 16949: 2002, ISO 14001:2004, OHSAS 18001:2007.

Awards

  • Hero Honda Award
  • Q Way Award
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