Automobile Corporation Of Goa Ltd

About

Automobile Corporation Of Goa is engaged in the manufacture of pressed parts, components, sub assemblies for various range of automobiles and manufacture Bus bodies and components thereof.(Source : 201903 Annual Report Page No: 82)

  • Market Cap 192 Cr.
  • Current Price 315
  • High / Low 605 / 227
  • Stock P/E
  • Book Value 279
  • Dividend Yield 3.17 %
  • ROCE 7.57 %
  • ROE 5.53 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.13 times its book value
  • Company has been maintaining a healthy dividend payout of 56.91%

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor growth of -3.35% over past five years.
  • Company has a low return on equity of 8.85% for last 3 years.
  • Company might be capitalizing the interest cost
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Quarterly Results

Figures in Rs. Crores

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
116.58 112.03 125.78 103.28 89.71 107.40 121.50 82.63 53.65 75.40 9.46 24.74
109.53 108.26 116.94 96.58 82.74 98.59 112.50 79.33 56.35 75.30 18.15 30.84
Operating Profit 7.05 3.77 8.84 6.70 6.97 8.81 9.00 3.30 -2.70 0.10 -8.69 -6.10
OPM % 6.05% 3.37% 7.03% 6.49% 7.77% 8.20% 7.41% 3.99% -5.03% 0.13% -91.86% -24.66%
Other Income 2.03 0.99 2.73 2.43 2.45 -1.78 2.63 2.67 2.81 0.92 2.90 1.86
Interest 0.04 0.24 0.04 0.03 0.02 0.05 0.05 0.06 0.04 0.03 0.03 0.04
Depreciation 1.33 1.33 1.36 1.35 1.31 1.28 1.32 1.31 1.29 1.31 1.27 1.28
Profit before tax 7.71 3.19 10.17 7.75 8.09 5.70 10.26 4.60 -1.22 -0.32 -7.09 -5.56
Tax % 35.28% 51.10% 36.58% 33.16% 31.27% 35.79% 35.28% -10.22% -16.39% -12.50% 2.82% 54.14%
Net Profit 4.99 1.56 6.46 5.18 5.57 3.65 6.64 5.08 -1.41 -0.35 -6.89 -2.54
EPS in Rs 7.77 2.43 10.06 8.07 8.67 5.68 10.34 7.91 -2.32 -0.57 -11.32 -4.17
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
324 233 371 333 263 303 395 417 467 489 426 333 163
301 237 331 299 243 279 377 392 437 461 395 323 181
Operating Profit 23 -4 40 33 20 24 18 25 30 29 31 10 -17
OPM % 7% -2% 11% 10% 8% 8% 5% 6% 7% 6% 7% 3% -11%
Other Income 9 5 5 8 9 8 7 7 8 10 6 9 8
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 3 4 5 5 5 5 1 5 6 5 5 5 5
Profit before tax 28 -4 40 37 23 27 24 26 32 33 32 13 -14
Tax % 31% 42% 32% 32% 33% 34% 35% 35% 35% 39% 34% 25%
Net Profit 19 -2 27 25 16 17 15 17 21 20 21 10 -11
EPS in Rs 30.29 -3.33 42.48 38.67 24.34 27.22 23.76 26.40 32.67 31.39 32.48 16.36 -18.38
Dividend Payout % 33% -30% 35% 39% 51% 55% 63% 57% 54% 56% 54% 61%
Compounded Sales Growth
10 Years:4%
5 Years:-3%
3 Years:-11%
TTM:-59%
Compounded Profit Growth
10 Years:22%
5 Years:-7%
3 Years:-20%
TTM:-151%
Stock Price CAGR
10 Years:-2%
5 Years:-5%
3 Years:-25%
1 Year:-45%
Return on Equity
10 Years:11%
5 Years:9%
3 Years:9%
Last Year:6%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 125 122 138 152 158 164 168 183 190 197 204 175 164
Borrowings 1 9 4 3 4 2 4 3 2 6 -0 1 40
69 69 93 105 58 66 102 85 100 101 90 77 46
Total Liabilities 202 207 241 267 227 240 281 277 299 311 300 260 256
43 47 45 53 59 63 69 67 63 59 56 60 57
CWIP 3 1 3 4 4 4 12 8 8 8 7 0 0
Investments 53 40 -0 -0 -0 -0 -0 -0 -0 3 7 6 7
103 119 194 210 164 172 199 202 228 240 230 194 192
Total Assets 202 207 241 267 227 240 281 277 299 311 300 260 256

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
30 -11 29 17 23 10 1 31 19 40 -5 21
-1 -3 4 -30 -7 -5 9 -19 -5 -29 26 25
-15 -0 -8 -12 -11 -11 -10 -12 -14 -10 -20 -39
Net Cash Flow 14 -13 25 -25 6 -6 -0 -0 0 -0 2 8

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 18% -3% 28% 24% 14% 16% 14% 14% 17% 16% 17% 8%
Debtor Days 27 32 36 72 63 48 50 40 43 43 58 54
Inventory Turnover 10.36 5.90 7.08 7.74 7.84 9.18 10.04 8.99 7.20 6.64 5.90 5.13

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
53.50 53.50 53.50 53.50 53.50 53.50 53.50 53.50 56.43 56.43 56.43 56.43
0.03 0.03 0.01 0.01 0.01 0.09 0.09 0.09 0.09 0.09 0.09 0.09
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01
46.47 46.47 46.48 46.48 46.48 46.41 46.41 46.41 43.47 43.47 43.47 43.47

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