Austin Engineering Company Ltd

Austin Engineering Company Ltd

₹ 211 -1.70%
06 May 4:01 p.m.
About

Incorporated in 1973, Austin Engineering Company Ltd and its subsidiary AEC deals with various types of Bearings and their components for domestic and international market[1]

Key Points

Business Overview:[1]
Company is a manufacturer of all types of
anti-friction bearings and exports to
the United States and European Union and
has a 100% subsidiary in the USA which also
acts on the marketing front.

  • Market Cap 73.5 Cr.
  • Current Price 211
  • High / Low 268 / 147
  • Stock P/E 25.3
  • Book Value 166
  • Dividend Yield 0.00 %
  • ROCE 8.81 %
  • ROE 7.35 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 7.52% over past five years.
  • Promoter holding is low: 34.2%
  • Company has a low return on equity of 2.97% over last 3 years.
  • Earnings include an other income of Rs.3.38 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Bearings Industry: Bearings

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
18.10 19.65 17.62 21.60 20.64 29.24 29.69 28.37 25.29 24.63 26.01 27.38 25.23
17.80 19.77 17.50 21.26 20.50 28.09 28.29 27.67 23.56 25.00 24.73 27.10 24.33
Operating Profit 0.30 -0.12 0.12 0.34 0.14 1.15 1.40 0.70 1.73 -0.37 1.28 0.28 0.90
OPM % 1.66% -0.61% 0.68% 1.57% 0.68% 3.93% 4.72% 2.47% 6.84% -1.50% 4.92% 1.02% 3.57%
0.25 0.67 0.29 0.14 0.36 0.36 0.17 0.88 0.03 1.41 0.12 1.35 0.50
Interest 0.21 0.25 0.12 0.09 0.10 0.32 0.05 0.07 0.07 0.08 0.06 0.09 0.06
Depreciation 0.26 0.27 0.25 0.24 0.25 0.16 0.22 0.23 0.23 0.28 0.34 0.28 0.28
Profit before tax 0.08 0.03 0.04 0.15 0.15 1.03 1.30 1.28 1.46 0.68 1.00 1.26 1.06
Tax % -100.00% -400.00% -525.00% -173.33% 73.33% 30.10% 64.62% 3.12% 6.85% -39.71% 50.00% 34.92% 40.57%
0.16 0.15 0.25 0.41 0.04 0.73 0.47 1.24 1.36 0.96 0.51 0.82 0.62
EPS in Rs 0.46 0.43 0.72 1.18 0.12 2.10 1.35 3.57 3.91 2.76 1.47 2.36 1.78
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
100 84 85 96 68 69 75 95 71 68 89 108 103
89 78 80 90 69 71 76 92 72 68 87 104 101
Operating Profit 11 6 5 6 -1 -2 -1 3 -1 -0 2 3 2
OPM % 11% 7% 6% 7% -1% -2% -1% 3% -2% -0% 2% 3% 2%
1 1 1 0 2 0 1 1 2 1 1 2 3
Interest 1 1 1 1 1 1 1 1 1 1 1 0 0
Depreciation 2 2 2 1 1 1 1 1 1 1 1 1 1
Profit before tax 9 4 4 4 -1 -3 -1 3 -2 -1 1 5 4
Tax % 31% 28% 23% 26% 13% 16% -19% 18% 12% 10% -4% 15%
6 3 3 3 -1 -3 -1 2 -1 -1 1 4 3
EPS in Rs 18.32 7.76 8.83 9.46 -3.48 -7.79 -3.57 5.98 -3.94 -2.16 4.08 11.59 8.37
Dividend Payout % 14% 19% 17% 16% 0% 0% 0% 8% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 3%
5 Years: 8%
3 Years: 15%
TTM: -8%
Compounded Profit Growth
10 Years: 4%
5 Years: 39%
3 Years: 70%
TTM: -23%
Stock Price CAGR
10 Years: 15%
5 Years: 31%
3 Years: 70%
1 Year: 30%
Return on Equity
10 Years: 1%
5 Years: 2%
3 Years: 3%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 47 49 51 54 52 49 48 50 48 47 49 53 54
9 7 6 9 9 7 5 7 6 6 4 0 0
25 26 28 28 27 27 30 27 31 30 31 28 30
Total Liabilities 84 85 88 94 92 87 86 88 89 87 88 84 87
14 14 13 12 12 11 10 10 11 10 10 11 12
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 1 0 0 0 0 0 0 0 0 2 3 7
69 71 75 82 79 75 75 77 77 76 76 70 69
Total Assets 84 85 88 94 92 87 86 88 89 87 88 84 87

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2 4 3 -0 2 3 4 -1 4 10 -0 6
-2 -2 -1 -1 -1 -0 -0 -1 -2 -0 -2 -6
-2 -3 -3 2 -3 -3 -2 1 -2 -1 -3 -4
Net Cash Flow -2 -1 -1 1 -2 0 1 -0 1 9 -5 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 67 91 107 94 108 100 87 82 85 82 66 81
Inventory Days 379 437 396 403 616 525 441 342 443 380 361 231
Days Payable 137 169 167 148 172 188 179 119 97 133 149 94
Cash Conversion Cycle 309 359 335 348 553 438 349 305 432 329 278 217
Working Capital Days 145 179 194 196 278 252 221 198 248 211 173 145
ROCE % 18% 8% 8% 8% -1% -4% -1% 6% -1% 0% 4% 9%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
34.00% 34.00% 34.00% 34.00% 34.00% 34.01% 34.17% 34.17% 34.17% 34.17% 34.17% 34.17%
2.30% 2.30% 2.30% 2.30% 2.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
63.70% 63.70% 63.70% 63.70% 63.70% 65.99% 65.76% 65.77% 65.76% 65.76% 65.76% 65.76%
No. of Shareholders 4,0454,2064,1674,2114,1374,2404,2444,2254,4494,5644,4105,030

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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