Auto Pins (India) Ltd

Auto Pins (India) Ltd

₹ 107 -3.86%
11 Jun - close price
About

Incorporated in 1953, Auto Pins India Ltd manufactures and trades loose leaf springs, iron and steel[1]

Key Points

Business Overview:[1][2]
APIL specializes in design, development and manufacture of Leaf & Parabolic Springs and Automotive Components under the brand name of SIROCCO. It is an Original Equipment supplier to many vehicle manufacturers. It has served 761+ customers in 12 countries

  • Market Cap 61.1 Cr.
  • Current Price 107
  • High / Low 223 / 96.0
  • Stock P/E 185
  • Book Value 15.0
  • Dividend Yield 0.00 %
  • ROCE 8.78 %
  • ROE 3.92 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 7.12 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 11.5% over past five years.
  • Company has a low return on equity of 9.64% over last 3 years.
  • Debtor days have increased from 39.3 to 48.4 days.

* 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
10.66 9.30 9.45 10.13 16.56 16.08 12.92 17.54 18.05 12.91 10.55 9.48 13.49
10.50 9.09 9.20 9.77 15.80 15.49 12.29 16.78 17.45 12.52 10.16 9.14 13.09
Operating Profit 0.16 0.21 0.25 0.36 0.76 0.59 0.63 0.76 0.60 0.39 0.39 0.34 0.40
OPM % 1.50% 2.26% 2.65% 3.55% 4.59% 3.67% 4.88% 4.33% 3.32% 3.02% 3.70% 3.59% 2.97%
0.09 0.08 0.07 0.06 0.04 0.03 0.01 0.02 0.33 0.04 0.03 0.04 0.08
Interest 0.13 0.08 0.08 0.09 0.19 0.17 0.17 0.20 0.22 0.17 0.18 0.16 0.16
Depreciation 0.02 0.12 0.13 0.13 0.13 0.12 0.14 0.14 0.16 0.15 0.15 0.15 0.15
Profit before tax 0.10 0.09 0.11 0.20 0.48 0.33 0.33 0.44 0.55 0.11 0.09 0.07 0.17
Tax % -250.00% 0.00% 0.00% 0.00% 6.25% 0.00% 0.00% 0.00% 110.91% 45.45% 22.22% 14.29% 23.53%
0.36 0.09 0.11 0.20 0.45 0.33 0.33 0.44 -0.07 0.07 0.07 0.06 0.14
EPS in Rs 0.63 0.16 0.19 0.35 0.79 0.58 0.58 0.77 -0.12 0.12 0.12 0.11 0.25
Raw PDF

Profit & Loss

Figures in Rs. Crores

Jun 2014 Jun 2015 Mar 2016 9m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
13.52 10.10 7.84 12.84 22.24 34.34 26.94 28.27 35.79 45.10 64.34 46.43
13.42 10.23 8.57 12.32 21.59 33.74 26.29 26.95 34.96 43.53 61.76 44.90
Operating Profit 0.10 -0.13 -0.73 0.52 0.65 0.60 0.65 1.32 0.83 1.57 2.58 1.53
OPM % 0.74% -1.29% -9.31% 4.05% 2.92% 1.75% 2.41% 4.67% 2.32% 3.48% 4.01% 3.30%
7.31 0.52 0.54 0.02 0.14 0.41 0.41 0.26 0.31 0.25 0.40 0.18
Interest 0.02 0.01 0.03 0.10 0.13 0.15 0.13 0.14 0.27 0.44 0.77 0.67
Depreciation 1.07 0.21 0.13 0.23 0.27 0.37 0.44 0.53 0.43 0.51 0.57 0.59
Profit before tax 6.32 0.17 -0.35 0.21 0.39 0.49 0.49 0.91 0.44 0.87 1.64 0.45
Tax % 0.00% 0.00% 5.71% 19.05% 17.95% -26.53% 0.00% 0.00% -45.45% 3.45% 37.20% 26.67%
6.32 0.17 -0.38 0.17 0.31 0.63 0.49 0.91 0.64 0.85 1.03 0.33
EPS in Rs 11.07 0.30 -0.67 0.30 0.54 1.10 0.86 1.59 1.12 1.49 1.80 0.58
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 13%
5 Years: 12%
3 Years: 9%
TTM: -28%
Compounded Profit Growth
10 Years: -26%
5 Years: -8%
3 Years: -20%
TTM: -68%
Stock Price CAGR
10 Years: %
5 Years: 25%
3 Years: 14%
1 Year: -44%
Return on Equity
10 Years: 9%
5 Years: 11%
3 Years: 10%
Last Year: 4%

Balance Sheet

Figures in Rs. Crores

Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 5.71 5.71 5.71 5.71 5.71 5.71 5.71 5.71 5.71 5.71 5.71 5.71
Reserves 0.03 -2.00 -2.15 -1.97 -1.67 -1.04 -0.55 0.36 0.66 1.50 2.54 2.87
1.86 2.28 2.14 2.06 2.31 2.32 1.92 2.58 2.46 2.57 3.90 4.77
3.05 2.73 2.67 3.15 3.84 5.01 4.66 5.62 6.14 8.71 9.03 10.42
Total Liabilities 10.65 8.72 8.37 8.95 10.19 12.00 11.74 14.27 14.97 18.49 21.18 23.77
4.27 1.89 2.41 2.79 3.77 4.65 4.88 4.95 5.01 5.12 5.74 5.59
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.03 0.03 0.03 0.04 0.04 0.04 0.03 0.03 0.03 0.02 0.04 0.03
6.35 6.80 5.93 6.12 6.38 7.31 6.83 9.29 9.93 13.35 15.40 18.15
Total Assets 10.65 8.72 8.37 8.95 10.19 12.00 11.74 14.27 14.97 18.49 21.18 23.77

Cash Flows

Figures in Rs. Crores

Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4.84 -0.53 0.53 0.84 1.38 1.65 1.34 -0.19 0.96 0.55 1.29 -0.69
-0.20 -0.02 -0.43 -0.60 -1.24 -1.23 -0.65 -0.57 -0.35 -0.58 -1.15 -0.34
-4.79 0.43 -0.15 -0.22 -0.18 -0.23 -0.44 0.57 -0.39 -0.33 0.56 0.21
Net Cash Flow -0.15 -0.13 -0.05 0.02 -0.04 0.19 0.25 -0.19 0.22 -0.36 0.69 -0.82

Ratios

Figures in Rs. Crores

Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 8.37 10.84 18.16 21.04 26.75 18.60 21.81 50.61 35.59 36.50 33.02 48.43
Inventory Days 236.65 365.62 359.86 263.73 109.31 56.98 63.96 64.36 63.51 75.06 55.83 117.22
Days Payable 38.33 44.15 54.35 39.53 54.93 44.19 53.80 64.20 58.37 69.28 50.57 96.82
Cash Conversion Cycle 206.69 332.32 323.67 245.23 81.14 31.39 31.98 50.77 40.73 42.29 38.27 68.83
Working Capital Days 78.02 137.33 141.53 76.47 28.56 10.31 12.87 32.79 27.43 31.89 31.60 50.23
ROCE % 92.76% 2.65% -4.81% 5.39% 6.91% 9.60% 8.81% 13.35% 8.12% 14.08% 21.98% 8.78%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
70.03% 70.03% 70.03% 70.03% 70.03% 70.03% 70.03% 70.03% 70.03% 70.03% 70.03% 70.03%
0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.03% 0.10% 0.10%
29.94% 29.94% 29.94% 29.94% 29.94% 29.94% 29.94% 29.94% 29.94% 29.94% 29.86% 29.88%
No. of Shareholders 1,3641,3671,3721,3761,3981,4151,4121,4231,4181,3991,3971,380

* 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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