Auto Pins (India) Ltd

Auto Pins (India) Ltd

₹ 209 4.76%
21 Nov - close price
About

Established in 1953, APIL has specializes in design, development and manufacture of Leaf & Parabolic Springs and Automotive Components under the brand name of SIROCCO.

Key Points

Product Portfolio:
a) Leaf Springs[1]
b) Parabolic Springs[2]
c) U Bolts[3]
d) Spring Pins[4]
e) Trailer Parts/ Suspension Kits[5]

  • Market Cap 119 Cr.
  • Current Price 209
  • High / Low 223 / 123
  • Stock P/E 234
  • Book Value 14.7
  • Dividend Yield 0.00 %
  • ROCE 22.0 %
  • ROE 13.3 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 14.2 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 12.2% 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
9.25 10.25 10.66 9.30 9.45 10.13 16.56 16.08 12.92 17.54 18.05 12.91 10.55
9.01 10.03 10.50 9.09 9.20 9.77 15.80 15.49 12.29 16.78 17.45 12.52 10.16
Operating Profit 0.24 0.22 0.16 0.21 0.25 0.36 0.76 0.59 0.63 0.76 0.60 0.39 0.39
OPM % 2.59% 2.15% 1.50% 2.26% 2.65% 3.55% 4.59% 3.67% 4.88% 4.33% 3.32% 3.02% 3.70%
0.08 0.06 0.09 0.08 0.07 0.06 0.04 0.03 0.01 0.02 0.33 0.04 0.03
Interest 0.04 0.05 0.13 0.08 0.08 0.09 0.19 0.17 0.17 0.20 0.22 0.17 0.18
Depreciation 0.14 0.14 0.02 0.12 0.13 0.13 0.13 0.12 0.14 0.14 0.16 0.15 0.15
Profit before tax 0.14 0.09 0.10 0.09 0.11 0.20 0.48 0.33 0.33 0.44 0.55 0.11 0.09
Tax % 14.29% 11.11% -250.00% 0.00% 0.00% 0.00% 6.25% 0.00% 0.00% 0.00% 110.91% 45.45% 22.22%
0.12 0.07 0.36 0.09 0.11 0.20 0.45 0.33 0.33 0.44 -0.07 0.07 0.07
EPS in Rs 0.21 0.12 0.63 0.16 0.19 0.35 0.79 0.58 0.58 0.77 -0.12 0.12 0.12
Raw PDF

Profit & Loss

Figures in Rs. Crores

Jun 2013 Jun 2014 Jun 2015 Mar 2016 9m Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
14.94 13.52 10.10 7.84 12.84 22.24 34.34 26.94 28.27 35.79 45.10 64.34 59.05
15.01 13.42 10.23 8.57 12.32 21.59 33.74 26.29 26.95 34.96 43.53 61.76 56.91
Operating Profit -0.07 0.10 -0.13 -0.73 0.52 0.65 0.60 0.65 1.32 0.83 1.57 2.58 2.14
OPM % -0.47% 0.74% -1.29% -9.31% 4.05% 2.92% 1.75% 2.41% 4.67% 2.32% 3.48% 4.01% 3.62%
1.42 7.31 0.52 0.54 0.02 0.14 0.41 0.41 0.26 0.31 0.25 0.40 0.42
Interest 0.07 0.02 0.01 0.03 0.10 0.13 0.15 0.13 0.14 0.27 0.44 0.77 0.77
Depreciation 1.06 1.07 0.21 0.13 0.23 0.27 0.37 0.44 0.53 0.43 0.51 0.57 0.60
Profit before tax 0.22 6.32 0.17 -0.35 0.21 0.39 0.49 0.49 0.91 0.44 0.87 1.64 1.19
Tax % 0.00% 0.00% 0.00% 5.71% 19.05% 17.95% -26.53% 0.00% 0.00% -45.45% 3.45% 37.20%
0.23 6.32 0.17 -0.38 0.17 0.31 0.63 0.49 0.91 0.64 0.85 1.03 0.51
EPS in Rs 0.40 11.07 0.30 -0.67 0.30 0.54 1.10 0.86 1.59 1.12 1.49 1.80 0.89
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: 16%
5 Years: 13%
3 Years: 32%
TTM: 6%
Compounded Profit Growth
10 Years: 16%
5 Years: 10%
3 Years: 4%
TTM: -61%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 10%
1 Year: 65%
Return on Equity
10 Years: 22%
5 Years: 13%
3 Years: 12%
Last Year: 13%

Balance Sheet

Figures in Rs. Crores

Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
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 5.71
Reserves -6.29 0.03 -2.00 -2.15 -1.97 -1.67 -1.04 -0.55 0.36 0.66 1.50 2.54 2.67
6.65 1.86 2.28 2.14 2.06 2.31 2.32 1.92 2.58 2.46 2.57 3.90 4.78
6.47 3.05 2.73 2.67 3.15 3.84 5.01 4.66 5.62 6.14 8.71 9.03 9.09
Total Liabilities 12.54 10.65 8.72 8.37 8.95 10.19 12.00 11.74 14.27 14.97 18.49 21.18 22.25
5.14 4.27 1.89 2.41 2.79 3.77 4.65 4.88 4.95 5.01 5.12 5.74 5.77
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 0.00
Investments 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.03 0.03 0.03 0.02 0.04 0.04
7.37 6.35 6.80 5.93 6.12 6.38 7.31 6.83 9.29 9.93 13.35 15.40 16.44
Total Assets 12.54 10.65 8.72 8.37 8.95 10.19 12.00 11.74 14.27 14.97 18.49 21.18 22.25

Cash Flows

Figures in Rs. Crores

Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0.17 4.84 -0.53 0.53 0.84 1.38 1.65 1.34 -0.19 0.96 0.55 1.29
-0.22 -0.20 -0.02 -0.43 -0.60 -1.24 -1.23 -0.65 -0.57 -0.35 -0.58 -1.15
0.24 -4.79 0.43 -0.15 -0.22 -0.18 -0.23 -0.44 0.57 -0.39 -0.33 0.56
Net Cash Flow 0.19 -0.15 -0.13 -0.05 0.02 -0.04 0.19 0.25 -0.19 0.22 -0.36 0.69

Ratios

Figures in Rs. Crores

Jun 2013 Jun 2014 Jun 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 17.10 8.37 10.84 18.16 21.04 26.75 18.60 21.81 50.61 35.59 36.50 33.02
Inventory Days 206.94 236.65 365.62 359.86 263.73 109.31 56.98 63.96 64.36 63.51 75.06 55.83
Days Payable 50.66 38.33 44.15 54.35 39.53 54.93 44.19 53.80 64.20 58.37 69.28 50.57
Cash Conversion Cycle 173.38 206.69 332.32 323.67 245.23 81.14 31.39 31.98 50.77 40.73 42.29 38.27
Working Capital Days 8.80 78.02 137.33 141.53 76.47 28.56 10.31 12.87 32.79 27.43 31.89 31.60
ROCE % 4.94% 92.76% 2.65% -4.81% 5.39% 6.91% 9.60% 8.81% 13.35% 8.12% 14.08% 21.98%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
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% 0.03% 0.03%
29.94% 29.94% 29.94% 29.94% 29.94% 29.94% 29.94% 29.94% 29.94% 29.94% 29.94% 29.94%
No. of Shareholders 1,2651,3471,3641,3671,3721,3761,3981,4151,4121,4231,4181,399

* 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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