Amara Raja Batteries Ltd

Amara Raja Batteries is a manufacturer of lead-acid storage batteries for industrial and automotive applications in India. (Source : Company Web-Site)

  • Market Cap: 12,330 Cr.
  • Current Price: 721.85
  • 52 weeks High / Low 814.00 / 348.55
  • Book Value: 214.01
  • Stock P/E: 19.02
  • Dividend Yield: 1.52 %
  • ROCE: 23.55 %
  • ROE: 18.55 %
  • Sales Growth (3Yrs): 8.75 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
Edit ratios
Pros:
Company is virtually debt free.
Company has been maintaining a healthy dividend payout of 22.83%
Cons:
The company has delivered a poor growth of 10.19% over past five years.
Promoter holding is low: 28.06%
Promoter holding has decreased over last 3 years: -24.00%

Peer comparison Sector: Auto Ancillaries // Industry: Auto Ancillaries

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
1,497 1,428 1,553 1,581 1,779 1,753 1,695 1,567 1,815 1,695 1,748 1,581
1,305 1,189 1,312 1,370 1,558 1,516 1,442 1,325 1,536 1,403 1,464 1,338
Operating Profit 193 238 242 211 220 237 253 242 279 292 284 243
OPM % 13% 17% 16% 13% 12% 14% 15% 15% 15% 17% 16% 15%
Other Income 14 12 17 24 14 14 12 6 10 18 13 14
Interest 1 1 1 1 1 2 2 2 3 3 3 3
Depreciation 54 58 59 59 63 64 66 68 73 75 76 76
Profit before tax 151 191 198 174 170 185 198 178 213 232 217 178
Tax % 34% 33% 32% 37% 33% 35% 34% 33% 34% 6% 24% 23%
Net Profit 100 127 134 110 113 120 131 119 141 219 164 137
EPS in Rs 5.85 7.45 7.87 6.43 6.62 7.04 7.66 6.99 8.25 12.81 9.63 8.00
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1,313 1,464 1,761 2,364 2,959 3,437 4,211 4,618 5,317 6,059 6,793 6,839
1,144 1,176 1,504 2,025 2,508 2,877 3,509 3,795 4,467 5,176 5,841 5,741
Operating Profit 169 288 257 340 451 560 702 823 850 883 952 1,099
OPM % 13% 20% 15% 14% 15% 16% 17% 18% 16% 15% 14% 16%
Other Income 8 17 8 28 37 42 42 46 49 66 47 55
Interest 20 8 3 2 0 1 0 6 6 5 7 12
Depreciation 35 43 42 46 66 65 134 141 191 230 261 301
Profit before tax 123 255 220 319 422 537 610 723 702 714 730 841
Tax % 34% 34% 33% 33% 32% 32% 33% 32% 32% 34% 34% 21%
Net Profit 80 167 148 215 287 367 411 492 478 471 483 661
EPS in Rs 4.65 9.54 8.29 12.29 16.79 20.96 23.33 28.78 28.01 27.59 28.31 38.69
Dividend Payout % 8% 15% 27% 15% 15% 15% 15% 15% 15% 15% 25% 28%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:16.66%
5 Years:10.19%
3 Years:8.75%
TTM:0.68%
Compounded Profit Growth
10 Years:15.08%
5 Years:9.61%
3 Years:11.31%
TTM:34.44%
Stock Price CAGR
10 Years:22.42%
5 Years:-5.78%
3 Years:-3.41%
1 Year:11.90%
Return on Equity
10 Years:21.35%
5 Years:18.67%
3 Years:16.96%
Last Year:18.55%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
17 17 17 17 17 17 17 17 17 17 17 17
Reserves 389 527 629 806 1,043 1,346 1,682 2,099 2,576 2,920 3,318 3,639
Borrowings 286 91 100 86 88 86 76 74 72 64 58 47
203 341 370 443 623 535 611 761 919 1,168 1,102 1,298
Total Liabilities 894 976 1,116 1,352 1,770 1,984 2,386 2,951 3,585 4,169 4,496 5,001
281 306 315 355 359 623 944 1,352 1,492 1,703 1,813 1,829
CWIP 40 23 38 32 103 145 86 123 240 226 315 827
Investments 47 16 16 16 16 16 16 20 147 35 20 156
526 631 747 949 1,293 1,200 1,340 1,456 1,706 2,204 2,348 2,188
Total Assets 894 976 1,116 1,352 1,770 1,984 2,386 2,951 3,585 4,169 4,496 5,001

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
236 214 86 298 335 279 395 555 553 322 541 1,177
-132 -18 -61 -73 -119 -342 -294 -387 -529 -236 -448 -831
-85 -204 -42 -42 -35 -53 -75 -164 -2 -138 -92 -364
Net Cash Flow 19 -8 -17 184 181 -117 26 4 22 -52 1 -18

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 21% 38% 32% 39% 42% 42% 38% 36% 29% 25% 23% 24%
Debtor Days 58 60 63 49 47 48 48 47 39 47 41 34
Inventory Turnover 5.03 4.82 4.80 6.03 7.47 7.57 7.70 5.99 5.15 4.60 4.60 4.24

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
52.06 52.06 52.06 52.06 52.06 52.06 52.06 28.06 28.06 28.06 28.06 28.06
17.93 16.70 18.97 20.33 20.41 20.65 19.38 17.31 20.07 21.24 20.91 19.01
11.91 12.75 10.97 9.94 9.41 9.21 10.32 13.39 11.58 10.64 11.14 13.27
0.23 0.31 0.31 0.32 0.34 0.34 0.37 0.47 0.47 0.47 0.47 0.47
17.87 18.18 17.69 17.35 17.78 17.75 17.87 40.77 39.82 39.59 39.42 39.19