Amara Raja Energy & Mobility Ltd

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

Amara Raja Energy & Mobility Ltd

₹ 1,294 -0.20%
13 Dec - close price
amararajabatteries.com BSE: 500008 NSE: ARE&M
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 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]

Key Points

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

Website BSE NSE
  • Market Cap ₹ 23,678 Cr.
  • Current Price ₹ 1,294
  • High / Low ₹ 1,776 / 728
  • Stock P/E 24.5
  • Book Value ₹ 395
  • Dividend Yield 0.77 %
  • ROCE 18.7 %
  • ROE 14.0 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 13.5% 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

Part of BSE SmallCap Select Index BSE 400 MidSmallCap Index Nifty Smallcap 50 BSE 250 SmallCap Index Nifty 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
2,264 2,365 2,181 2,620 2,699 2,637 2,433 2,771 2,811 2,882 2,797 3,131 3,136
1,995 2,081 1,961 2,359 2,339 2,240 2,080 2,402 2,401 2,447 2,389 2,701 2,695
Operating Profit 269 284 220 261 360 397 353 369 410 435 408 430 441
OPM % 12% 12% 10% 10% 13% 15% 15% 13% 15% 15% 15% 14% 14%
26 19 16 17 24 26 -25 22 28 24 28 26 18
Interest 4 4 5 5 5 6 8 8 8 8 10 9 13
Depreciation 99 102 99 96 102 115 124 117 121 120 121 118 122
Profit before tax 193 197 132 177 277 303 196 266 309 331 305 329 324
Tax % 25% 27% 26% 26% 27% 26% 28% 25% 27% 24% 25% 26% 26%
144 145 99 131 202 223 141 199 226 253 228 245 241
EPS in Rs 8.44 8.47 5.77 7.70 11.84 13.04 8.25 11.63 13.25 14.80 12.46 13.36 13.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,959 3,437 4,211 4,618 5,317 6,059 6,793 6,839 7,150 8,696 10,390 11,260 11,945
2,508 2,876 3,507 3,793 4,465 5,174 5,838 5,741 6,033 7,666 8,939 9,635 10,232
Operating Profit 451 560 704 825 853 885 955 1,099 1,117 1,030 1,450 1,625 1,714
OPM % 15% 16% 17% 18% 16% 15% 14% 16% 16% 12% 14% 14% 14%
37 42 41 44 47 65 43 55 86 71 27 98 96
Interest 0 1 0 6 6 5 7 12 11 15 30 33 40
Depreciation 66 65 134 141 191 230 261 301 319 396 450 479 482
Profit before tax 422 537 610 723 702 714 730 841 873 690 997 1,211 1,289
Tax % 32% 32% 33% 32% 32% 34% 34% 21% 26% 26% 27% 25%
287 367 411 492 478 471 483 661 647 511 731 906 966
EPS in Rs 16.79 21.51 24.05 28.78 28.01 27.59 28.31 38.69 37.87 29.93 42.78 49.49 53.77
Dividend Payout % 15% 15% 15% 15% 15% 15% 25% 28% 29% 15% 14% 20%
Compounded Sales Growth
10 Years: 13%
5 Years: 11%
3 Years: 16%
TTM: 12%
Compounded Profit Growth
10 Years: 9%
5 Years: 13%
3 Years: 12%
TTM: 18%
Stock Price CAGR
10 Years: 5%
5 Years: 12%
3 Years: 27%
1 Year: 69%
Return on Equity
10 Years: 16%
5 Years: 15%
3 Years: 14%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 17 17 17 17 17 17 17 17 17 17 17 18 18
Reserves 1,043 1,346 1,682 2,099 2,576 2,920 3,318 3,639 4,193 4,534 5,989 6,750 7,218
88 86 76 74 72 64 58 84 92 126 201 153 334
623 535 611 761 919 1,168 1,102 1,261 1,494 1,699 1,730 1,913 2,293
Total Liabilities 1,770 1,984 2,386 2,951 3,585 4,169 4,496 5,001 5,797 6,376 7,937 8,834 9,864
359 623 944 1,352 1,492 1,703 1,813 1,829 2,455 2,492 3,688 3,550 3,527
CWIP 103 145 86 123 240 226 315 827 399 830 234 322 631
Investments 16 16 16 20 147 35 20 156 281 78 486 1,479 2,222
1,293 1,200 1,340 1,456 1,706 2,204 2,348 2,188 2,662 2,976 3,529 3,483 3,483
Total Assets 1,770 1,984 2,386 2,951 3,585 4,169 4,496 5,001 5,797 6,376 7,937 8,834 9,864

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
335 279 395 555 553 322 541 1,177 802 633 956 1,314
-119 -342 -294 -387 -529 -236 -448 -831 -616 -482 -789 -1,072
-35 -53 -75 -164 -2 -138 -92 -364 -122 -213 -112 -242
Net Cash Flow 181 -117 26 4 22 -52 1 -18 64 -62 55 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 47 48 48 47 39 47 41 34 40 33 27 33
Inventory Days 54 54 55 75 85 93 83 94 111 108 87 88
Days Payable 25 20 34 44 44 53 40 50 57 48 39 41
Cash Conversion Cycle 76 81 69 78 81 88 85 77 93 93 76 80
Working Capital Days 35 24 45 49 48 62 66 49 55 52 62 51
ROCE % 42% 42% 38% 36% 29% 25% 23% 23% 22% 16% 20% 19%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
28.06% 28.06% 28.06% 28.06% 28.06% 28.06% 28.06% 28.06% 28.06% 32.86% 32.86% 32.86%
19.80% 18.10% 18.34% 18.47% 35.49% 36.19% 35.22% 24.64% 24.00% 24.46% 23.84% 22.33%
11.68% 11.38% 10.82% 10.02% 9.25% 9.21% 10.47% 16.81% 17.91% 15.36% 14.55% 15.36%
40.46% 42.46% 42.77% 43.45% 27.20% 26.55% 26.24% 30.50% 30.02% 27.33% 28.76% 29.43%
No. of Shareholders 4,74,6625,42,1335,49,0065,48,4334,79,9624,71,4354,64,5295,60,9875,52,8945,63,8716,62,4287,34,151

* 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.

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