Automotive Axles Ltd

About

Automotive Axles is primarily engaged in manufacturing of Axles and Brakes at Mysore, Rudrapur and Jamshedpur.(Source : 201903 Annual Report Page No: 77)

  • Market Cap 1,073 Cr.
  • Current Price 710
  • High / Low 980 / 336
  • Stock P/E
  • Book Value 352
  • Dividend Yield 0.96 %
  • ROCE 10.7 %
  • ROE 7.84 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is virtually debt free.
  • Company has been maintaining a healthy dividend payout of 24.51%
  • Debtor days have improved from 64.20 to 47.06 days.

Cons

  • Company has low interest coverage ratio.
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Quarterly Results

Figures in Rs. Crores

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
350 408 469 474 498 486 481 418 200 165 169 39
310 364 414 418 440 430 423 370 183 150 156 53
Operating Profit 39 44 55 56 59 56 59 49 17 15 13 -14
OPM % 11% 11% 12% 12% 12% 11% 12% 12% 8% 9% 8% -35%
Other Income 2 1 1 1 1 1 0 -1 2 2 2 -2
Interest 0 0 0 0 0 0 0 0 0 1 0 1
Depreciation 10 12 12 12 12 11 10 9 9 9 10 9
Profit before tax 31 34 44 44 47 45 49 38 10 7 5 -25
Tax % 34% 34% 35% 34% 32% 32% 39% 36% 35% 33% -11% 7%
Net Profit 20 22 28 29 32 31 30 25 6 5 6 -23
EPS in Rs 13.53 14.76 18.72 19.19 21.21 20.22 19.82 16.29 4.13 3.00 3.80 -15.25
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
266 668 1,012 941 643 677 459 1,086 1,172 1,520 1,939 952 572
234 581 896 838 589 620 424 990 1,059 1,353 1,710 859 542
Operating Profit 32 87 117 102 54 57 35 96 114 167 229 93 31
OPM % 12% 13% 12% 11% 8% 8% 8% 9% 10% 11% 12% 10% 5%
Other Income 4 4 0 1 2 6 3 1 2 5 3 6 5
Interest 5 4 7 10 9 7 4 6 1 1 1 2 2
Depreciation 18 21 23 27 29 29 17 39 39 43 46 37 37
Profit before tax 13 66 87 67 19 26 16 52 75 128 185 60 -3
Tax % 24% 33% 34% 32% 32% 30% 36% 33% 34% 34% 34% 31%
Net Profit 10 44 58 45 13 18 11 35 49 84 122 41 -7
EPS in Rs 6.39 29.16 38.08 29.79 8.40 12.03 6.97 23.01 32.70 55.54 80.43 27.22 -4.32
Dividend Payout % 42% 29% 26% 34% 24% 21% 14% 24% 24% 24% 24% 25%
Compounded Sales Growth
10 Years:14%
5 Years:16%
3 Years:-7%
TTM:-70%
Compounded Profit Growth
10 Years:16%
5 Years:32%
3 Years:-5%
TTM:-102%
Stock Price CAGR
10 Years:3%
5 Years:2%
3 Years:-9%
1 Year:-26%
Return on Equity
10 Years:15%
5 Years:16%
3 Years:17%
Last Year:8%

Balance Sheet

Figures in Rs. Crores

Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
15 15 15 15 15 15 15 15 15 15 15 15
Reserves 160 189 229 256 265 279 287 312 361 429 523 517
Borrowings 45 71 62 56 51 92 62 30 0 0 73 35
78 101 185 167 94 139 156 169 189 290 322 161
Total Liabilities 298 375 491 494 425 525 521 526 566 734 933 728
145 133 146 176 183 166 177 168 146 118 109 255
CWIP 7 8 4 19 7 23 17 9 7 17 116 24
Investments 0 0 0 0 0 0 0 0 0 0 0 0
146 234 341 300 235 336 327 349 413 600 709 449
Total Assets 298 375 491 494 425 525 521 526 566 734 933 728

Cash Flows

Figures in Rs. Crores

Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
35 -8 72 94 54 -6 92 57 97 51 106 198
-2 -9 -40 -70 -24 -25 -18 -25 -23 -27 -157 -59
-44 17 -31 -33 -30 30 -70 -35 -40 -15 47 -105
Net Cash Flow -11 0 2 -9 -0 -0 3 -3 35 9 -4 34

Ratios

Figures in Rs. Crores

Sep 2009 Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 8% 28% 32% 24% 8% 9% 6% 16% 21% 31% 35% 11%
Debtor Days 92 68 69 62 65 93 140 67 72 80 65 47
Inventory Turnover 2.55 6.47 7.49 6.79 5.15 4.79 3.29 7.01 7.93 9.15 8.56 3.89

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
71.04 71.04 71.04 71.04 71.04 71.04 71.04 71.04 71.04 71.04 71.04 71.04
1.51 2.12 2.30 1.72 1.39 1.28 1.07 0.79 0.79 0.84 0.78 0.74
11.88 11.40 9.09 6.61 8.90 9.44 9.87 14.16 13.89 13.87 13.84 13.58
15.57 15.44 17.58 20.63 18.67 18.24 18.02 14.02 14.29 14.26 14.34 14.65

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