Akar Auto Industries Ltd

Akar Auto Industries Ltd

₹ 112 2.42%
28 Mar - close price
About

Incorporated in 1989, Akar Auto Industries Ltd manufactures automobile parts for heavy commercial vehicles and passenger vehicles[1]

Key Points

Business Overview:[1]
AAIL is a forward integrated enterprise of R.L. Group of Industries. It is in the business of manufacturing precision engineered forging components, Hand Tools and Leaf Springs for major Auto & Non-Auto OEM's

  • Market Cap 121 Cr.
  • Current Price 112
  • High / Low 170 / 65.1
  • Stock P/E 16.5
  • Book Value 39.1
  • Dividend Yield 0.45 %
  • ROCE 17.6 %
  • ROE 19.1 %
  • Face Value 5.00

Pros

  • Company's working capital requirements have reduced from 85.4 days to 57.5 days

Cons

  • Stock is trading at 2.87 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 12.0% over last 3 years.

* 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: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Figures in Rs. Crores

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
53.12 70.23 56.70 59.84 65.38 86.80 82.57 88.42 94.40 101.68 89.77 95.76 93.66
51.25 65.66 52.52 55.41 60.61 81.00 78.01 83.42 88.55 94.88 84.62 90.19 87.19
Operating Profit 1.87 4.57 4.18 4.43 4.77 5.80 4.56 5.00 5.85 6.80 5.15 5.57 6.47
OPM % 3.52% 6.51% 7.37% 7.40% 7.30% 6.68% 5.52% 5.65% 6.20% 6.69% 5.74% 5.82% 6.91%
1.63 0.13 0.02 0.02 0.12 0.43 0.03 0.04 0.06 0.05 0.05 0.06 0.03
Interest 2.12 2.23 1.87 1.83 2.09 2.22 1.90 2.21 2.64 3.29 2.22 2.47 2.78
Depreciation 1.13 1.05 1.15 1.15 1.10 1.02 0.99 1.00 1.01 1.05 0.95 0.90 1.07
Profit before tax 0.25 1.42 1.18 1.47 1.70 2.99 1.70 1.83 2.26 2.51 2.03 2.26 2.65
Tax % 116.00% 29.58% 1.69% -4.76% -23.53% 30.43% 27.65% 31.15% 28.76% -11.16% 43.35% 35.40% 27.17%
-0.03 1.00 1.17 1.54 2.10 2.08 1.23 1.26 1.60 2.79 1.15 1.46 1.92
EPS in Rs -0.03 0.93 1.08 1.43 1.95 1.93 1.14 1.17 1.48 2.59 1.07 1.35 1.78
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
142 141 142 159 184 189 241 277 198 187 269 366 381
131 132 133 149 171 175 223 258 188 178 250 344 357
Operating Profit 11 9 9 9 12 14 18 18 9 9 19 22 24
OPM % 8% 7% 6% 6% 7% 7% 8% 7% 5% 5% 7% 6% 6%
0 0 0 1 0 0 -1 -0 0 2 1 0 0
Interest 6 5 5 6 7 7 8 8 8 8 8 10 11
Depreciation 2 2 2 3 3 3 4 4 4 4 4 4 4
Profit before tax 3 2 1 2 3 4 5 6 -2 -2 7 8 9
Tax % 17% 42% 49% 32% 36% 37% 36% 12% -23% -35% 6% 17%
2 1 1 1 2 2 3 5 -3 -3 7 7 7
EPS in Rs 2.06 0.86 0.64 1.14 1.70 2.28 2.97 4.83 -2.84 -2.63 6.38 6.38 6.79
Dividend Payout % 12% 29% 47% 31% 29% 24% 19% 11% 0% 0% 4% 8%
Compounded Sales Growth
10 Years: 10%
5 Years: 9%
3 Years: 23%
TTM: 8%
Compounded Profit Growth
10 Years: 22%
5 Years: 11%
3 Years: 62%
TTM: 19%
Stock Price CAGR
10 Years: 30%
5 Years: 24%
3 Years: 86%
1 Year: 67%
Return on Equity
10 Years: 8%
5 Years: 9%
3 Years: 12%
Last Year: 19%

Balance Sheet

Figures in Rs. Crores

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 5 5 5 5 5 5 5 5 5 5 5 5 5
Reserves 19 19 19 18 20 20 23 27 23 20 27 34 37
46 39 35 35 45 51 57 66 66 79 71 65 61
41 45 50 56 56 49 56 54 50 55 55 83 99
Total Liabilities 111 109 110 115 126 125 140 153 144 159 159 187 202
36 35 34 29 30 35 37 39 43 42 38 41 49
CWIP 0 0 0 0 1 3 1 4 0 0 0 1 1
Investments 1 1 1 0 0 0 0 0 0 0 0 0 0
74 72 75 86 95 88 102 110 101 117 121 145 153
Total Assets 111 109 110 115 126 125 140 153 144 159 159 187 202

Cash Flows

Figures in Rs. Crores

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 8 11 6 1 12 9 7 14 0 15 25
-3 -1 -1 1 -4 -10 -4 -8 -5 -1 0 -8
5 -7 -9 -7 3 -2 -4 1 -9 1 -15 -16
Net Cash Flow 0 -1 0 0 0 0 1 -0 1 -1 1 1

Ratios

Figures in Rs. Crores

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 78 59 60 65 71 60 56 50 57 77 48 49
Inventory Days 138 181 188 176 147 145 127 125 180 223 167 121
Days Payable 153 176 200 185 148 106 95 82 111 127 93 99
Cash Conversion Cycle 63 64 48 56 70 100 88 93 125 173 122 70
Working Capital Days 92 81 65 65 72 76 70 73 93 116 83 57
ROCE % 13% 10% 10% 11% 15% 15% 18% 16% 5% 6% 15% 18%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06% 73.06%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.65% 0.65% 0.37% 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% 0.54%
26.94% 26.94% 26.94% 26.94% 26.94% 26.94% 26.94% 26.29% 26.29% 26.56% 26.94% 26.40%
No. of Shareholders 2,8762,8762,9293,2513,5543,4303,3483,4393,4163,8364,0434,127

* 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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