Akar Auto Industries Ltd
Incorporated in 1989, Akar Auto Industries Ltd manufactures automobile parts for heavy commercial vehicles and passenger vehicles[1]
- 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
Quarterly Results
Figures in Rs. Crores
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% |
Documents
Announcements
- Closure of Trading Window 1d
- Intimation Under Regulation 30 Of SEBI (LODR) Regulation, 2015 (Short Corporate Video) 14 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 12 Mar
- Intimation Of Separate Meeting Of Independent Directors 6 Mar
- Announcement Under Regulation 30 Of SEBI (LODR) Regulation, 2015 Installation Of Solar Rooftop System 4 Mar
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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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