Amara Raja Batteries Ltd

Amara Raja Batt. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Amara Raja Batteries Ltd

₹ 563 -1.63%
24 Mar - close price
amararajabatteries.com BSE: 500008 NSE : AMARAJABAT
About

Amara Raja Batteries Limited [1] (ARBL), the flagship company of the Amara Raja Group, is the technology leader and is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry.

ARBL has prestigious original equipment manufacturers as its clients. The Company's Industrial and Automotive batteries are exported to 32 countries across the globe.

In India, Amara Raja is the preferred supplier to major telecom service providers, Telecom equipment manufacturers, UPS sector (OEM & Replacement), Indian Railways and to Power, Oil & Gas among other industry segments.

Termination of Shareholders Agreement (tie up) with Johnson Control [2]

Key Points

Business Segments
Automotive battery division: The Co. enjoys a ‘preferred brand’ position with some of the leading automotive OEMs operating in India. Its automotive batteries and home UPS/ Inverter battery brands are AMARON and PowerZone. [1]
Co. Is the Largest Exporter of 4W Batteries in India and the First AGM battery manufacturer for 2W. [2]

Website BSE NSE
  • Market Cap ₹ 9,617 Cr.
  • Current Price ₹ 563
  • High / Low ₹ 670 / 438
  • Stock P/E 14.7
  • Book Value ₹ 292
  • Dividend Yield 0.80 %
  • ROCE 15.6 %
  • ROE 11.6 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 24.2%

Cons

  • The company has delivered a poor sales growth of 10.3% over past five years.
  • Promoter holding is low: 28.1%

* 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

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
1,748 1,581 1,151 1,936 1,960 2,103 1,886 2,264 2,365 2,181 2,620 2,699 2,637
1,464 1,338 999 1,595 1,654 1,786 1,636 1,995 2,081 1,961 2,359 2,339 2,240
Operating Profit 284 243 152 340 306 316 250 269 284 220 261 360 397
OPM % 16% 15% 13% 18% 16% 15% 13% 12% 12% 10% 10% 13% 15%
13 14 9 11 35 32 17 26 19 16 17 24 26
Interest 3 3 3 2 3 3 3 4 4 5 5 5 6
Depreciation 76 76 75 78 79 87 96 99 102 99 96 102 115
Profit before tax 217 178 84 271 260 259 167 193 197 132 177 277 303
Tax % 24% 23% 25% 26% 26% 27% 26% 25% 27% 26% 26% 27% 26%
Net Profit 164 137 63 201 193 189 124 144 145 99 131 202 223
EPS in Rs 9.63 8.00 3.67 11.79 11.31 11.09 7.26 8.44 8.47 5.77 7.70 11.84 13.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
1,761 2,364 2,959 3,437 4,211 4,618 5,317 6,059 6,793 6,839 7,150 8,696 10,137
1,504 2,025 2,508 2,876 3,507 3,793 4,465 5,174 5,838 5,741 6,033 7,666 8,900
Operating Profit 257 340 451 560 704 825 853 885 955 1,099 1,117 1,030 1,238
OPM % 15% 14% 15% 16% 17% 18% 16% 15% 14% 16% 16% 12% 12%
8 28 37 42 41 44 47 65 43 55 86 71 83
Interest 3 2 0 1 0 6 6 5 7 12 11 15 20
Depreciation 42 46 66 65 134 141 191 230 261 301 319 396 412
Profit before tax 220 319 422 537 610 723 702 714 730 841 873 690 889
Tax % 33% 33% 32% 32% 33% 32% 32% 34% 34% 21% 26% 26%
Net Profit 148 215 287 367 411 492 478 471 483 661 647 511 655
EPS in Rs 8.67 12.59 16.79 21.51 24.05 28.78 28.01 27.59 28.31 38.69 37.87 29.93 38.35
Dividend Payout % 27% 15% 15% 15% 15% 15% 15% 15% 25% 28% 29% 15%
Compounded Sales Growth
10 Years: 14%
5 Years: 10%
3 Years: 9%
TTM: 18%
Compounded Profit Growth
10 Years: 9%
5 Years: 2%
3 Years: 2%
TTM: 9%
Stock Price CAGR
10 Years: 8%
5 Years: -6%
3 Years: 11%
1 Year: 1%
Return on Equity
10 Years: 19%
5 Years: 15%
3 Years: 15%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
17 17 17 17 17 17 17 17 17 17 17 17 17
Reserves 629 806 1,043 1,346 1,682 2,099 2,576 2,920 3,318 3,639 4,193 4,534 4,971
100 86 88 86 76 74 72 64 58 84 92 126 122
370 443 623 535 611 761 919 1,168 1,102 1,261 1,494 1,699 1,824
Total Liabilities 1,116 1,352 1,770 1,984 2,386 2,951 3,585 4,169 4,496 5,001 5,797 6,376 6,935
315 355 359 623 944 1,352 1,492 1,703 1,813 1,829 2,455 2,492 2,710
CWIP 38 32 103 145 86 123 240 226 315 827 399 830 694
Investments 16 16 16 16 16 20 147 35 20 156 281 78 493
747 949 1,293 1,200 1,340 1,456 1,706 2,204 2,348 2,188 2,662 2,976 3,039
Total Assets 1,116 1,352 1,770 1,984 2,386 2,951 3,585 4,169 4,496 5,001 5,797 6,376 6,935

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
86 298 335 279 395 555 553 322 541 1,177 802 633
-61 -73 -119 -342 -294 -387 -529 -236 -448 -831 -616 -482
-42 -42 -35 -53 -75 -164 -2 -138 -92 -364 -122 -213
Net Cash Flow -17 184 181 -117 26 4 22 -52 1 -18 64 -62

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 63 49 47 48 48 47 39 47 41 34 40 33
Inventory Days 90 61 54 54 55 75 85 93 83 94 111 108
Days Payable 33 20 25 20 34 44 44 53 40 50 57 48
Cash Conversion Cycle 120 90 76 81 69 78 81 88 85 77 93 93
Working Capital Days 70 47 35 24 45 49 48 62 66 49 55 52
ROCE % 32% 39% 42% 42% 38% 36% 29% 25% 23% 23% 22% 16%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
28.06 28.06 28.06 28.06 28.06 28.06 28.06 28.06 28.06 28.06 28.06 28.06
20.91 19.01 18.63 20.91 21.34 22.10 20.82 19.80 18.10 18.34 18.47 35.49
11.14 13.27 14.23 14.53 12.64 15.24 14.52 11.68 11.38 10.82 10.02 9.25
0.47 0.47 0.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
39.42 39.19 38.61 36.50 37.96 34.60 36.59 40.46 42.46 42.77 43.45 27.20

* 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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