Amara Raja Energy & Mobility Ltd
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 OEMs as its clients. The Company's Industrial and Automotive batteries are exported to over 50 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]
- Market Cap ₹ 20,363 Cr.
- Current Price ₹ 1,113
- High / Low ₹ 1,204 / 588
- Stock P/E 24.9
- Book Value ₹ 331
- Dividend Yield 0.55 %
- ROCE 20.2 %
- ROE 14.8 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 19.7%
Cons
- The company has delivered a poor sales growth of 11.4% over past five 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,364 | 2,959 | 3,437 | 4,211 | 4,618 | 5,317 | 6,059 | 6,793 | 6,839 | 7,150 | 8,696 | 10,386 | 10,891 | |
2,025 | 2,508 | 2,876 | 3,507 | 3,793 | 4,465 | 5,174 | 5,838 | 5,741 | 6,033 | 7,666 | 9,015 | 9,403 | |
Operating Profit | 340 | 451 | 560 | 704 | 825 | 853 | 885 | 955 | 1,099 | 1,117 | 1,030 | 1,371 | 1,488 |
OPM % | 14% | 15% | 16% | 17% | 18% | 16% | 15% | 14% | 16% | 16% | 12% | 13% | 14% |
28 | 37 | 42 | 41 | 44 | 47 | 65 | 43 | 55 | 86 | 71 | 26 | 48 | |
Interest | 2 | 0 | 1 | 0 | 6 | 6 | 5 | 7 | 12 | 11 | 15 | 22 | 24 |
Depreciation | 46 | 66 | 65 | 134 | 141 | 191 | 230 | 261 | 301 | 319 | 396 | 427 | 455 |
Profit before tax | 319 | 422 | 537 | 610 | 723 | 702 | 714 | 730 | 841 | 873 | 690 | 948 | 1,057 |
Tax % | 33% | 32% | 32% | 33% | 32% | 32% | 34% | 34% | 21% | 26% | 26% | 27% | |
215 | 287 | 367 | 411 | 492 | 478 | 471 | 483 | 661 | 647 | 511 | 694 | 784 | |
EPS in Rs | 12.59 | 16.79 | 21.51 | 24.05 | 28.78 | 28.01 | 27.59 | 28.31 | 38.69 | 37.87 | 29.93 | 40.65 | 45.93 |
Dividend Payout % | 15% | 15% | 15% | 15% | 15% | 15% | 15% | 25% | 28% | 29% | 15% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 11% |
3 Years: | 15% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 10% |
3 Years: | 4% |
TTM: | 25% |
Stock Price CAGR | |
---|---|
10 Years: | 11% |
5 Years: | 11% |
3 Years: | 12% |
1 Year: | 85% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 15% |
3 Years: | 14% |
Last Year: | 15% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
Reserves | 806 | 1,043 | 1,346 | 1,682 | 2,099 | 2,576 | 2,920 | 3,318 | 3,639 | 4,193 | 4,534 | 5,281 | 5,630 |
86 | 88 | 86 | 76 | 74 | 72 | 64 | 58 | 84 | 92 | 126 | 107 | 108 | |
443 | 623 | 535 | 611 | 761 | 919 | 1,168 | 1,102 | 1,261 | 1,494 | 1,699 | 1,694 | 1,974 | |
Total Liabilities | 1,352 | 1,770 | 1,984 | 2,386 | 2,951 | 3,585 | 4,169 | 4,496 | 5,001 | 5,797 | 6,376 | 7,099 | 7,729 |
355 | 359 | 623 | 944 | 1,352 | 1,492 | 1,703 | 1,813 | 1,829 | 2,455 | 2,492 | 2,897 | 2,855 | |
CWIP | 32 | 103 | 145 | 86 | 123 | 240 | 226 | 315 | 827 | 399 | 830 | 234 | 182 |
Investments | 16 | 16 | 16 | 16 | 20 | 147 | 35 | 20 | 156 | 281 | 78 | 486 | 1,242 |
949 | 1,293 | 1,200 | 1,340 | 1,456 | 1,706 | 2,204 | 2,348 | 2,188 | 2,662 | 2,976 | 3,483 | 3,449 | |
Total Assets | 1,352 | 1,770 | 1,984 | 2,386 | 2,951 | 3,585 | 4,169 | 4,496 | 5,001 | 5,797 | 6,376 | 7,099 | 7,729 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
298 | 335 | 279 | 395 | 555 | 553 | 322 | 541 | 1,177 | 802 | 633 | 926 | |
-73 | -119 | -342 | -294 | -387 | -529 | -236 | -448 | -831 | -616 | -482 | -770 | |
-42 | -35 | -53 | -75 | -164 | -2 | -138 | -92 | -364 | -122 | -213 | -100 | |
Net Cash Flow | 184 | 181 | -117 | 26 | 4 | 22 | -52 | 1 | -18 | 64 | -62 | 55 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 49 | 47 | 48 | 48 | 47 | 39 | 47 | 41 | 34 | 40 | 33 | 27 |
Inventory Days | 61 | 54 | 54 | 55 | 75 | 85 | 93 | 83 | 94 | 111 | 108 | 83 |
Days Payable | 20 | 25 | 20 | 34 | 44 | 44 | 53 | 40 | 50 | 57 | 48 | 38 |
Cash Conversion Cycle | 90 | 76 | 81 | 69 | 78 | 81 | 88 | 85 | 77 | 93 | 93 | 73 |
Working Capital Days | 47 | 35 | 24 | 45 | 49 | 48 | 62 | 66 | 49 | 55 | 52 | 61 |
ROCE % | 39% | 42% | 42% | 38% | 36% | 29% | 25% | 23% | 23% | 22% | 16% | 20% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 18 Apr
- Compliance Certificate Under Regulation 40(9) & (10) Of SEBI (LODR) Regulations, 2015 16 Apr
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Compliance Certificate For The Financial Year Ended March 31, 2024
8 Apr - Compliance certificate under Regulation 7 (3) of SEBI (LODR) Regulations, 2015, for the financial year ended March 31, 2024
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr
- Board Meeting Intimation for Approval Of Audited Financial Results (Standalone And Consolidated) For The Quarter And Year Ended March 31, 2024 And Recommendation Of Final Dividend, If Any, For The Financial Year Ended March 31, 2024 27 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 2011
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Financial Year 2010
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Concalls
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Feb 2024Transcript PPT
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Nov 2023TranscriptNotesPPT REC
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Aug 2023TranscriptPPTREC
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May 2023Transcript PPT
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Sep 2022Transcript PPT
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Jun 2021Transcript PPT
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Jun 2021TranscriptNotesPPT
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Jun 2020TranscriptPPT
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Dec 2019TranscriptNotesPPT
Business Segments[1]
Automotive battery division (68% of revenue in FY23)
Applications – 2W, 3W, 4W & CV’s
• Largest Exporter of 4W Batteries
• First AGM battery manufacturer for 2W
• Setting up 1.5 LPTA of a lead recycling facility through the wholly owned subsidiary ARCSPL