Automobile Corporation Of Goa Ltd
Automobile Corporation of Goa Ltd. was the first major engineering unit to be set up in Goa, it was jointly promoted in 1980 by Tata Motors Ltd, and EDC Ltd. The company manufactures Sheet metal components, assemblies and bus coaches at its factories. The co. is supplier of pressings and assemblies to Tata Motors' Pune factory. The Company is engaged in the business of manufacture and sale of sheet metal fabricated parts having automobile application to Tata Cummins Private Limited.[1][2]
- Market Cap ₹ 1,235 Cr.
- Current Price ₹ 2,029
- High / Low ₹ 2,300 / 770
- Stock P/E 35.1
- Book Value ₹ 333
- Dividend Yield 0.86 %
- ROCE 14.3 %
- ROE 14.1 %
- Face Value ₹ 10.0
Pros
- Debtor days have improved from 75.7 to 58.5 days.
- Company's working capital requirements have reduced from 228 days to 132 days
Cons
- Stock is trading at 6.10 times its book value
- The company has delivered a poor sales growth of 0.68% over past five years.
- Company has a low return on equity of 4.29% over last 3 years.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -6.66%
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
333 | 263 | 303 | 395 | 417 | 467 | 489 | 426 | 333 | 116 | 282 | 506 | 552 | |
299 | 243 | 279 | 377 | 392 | 437 | 461 | 395 | 323 | 137 | 275 | 475 | 511 | |
Operating Profit | 33 | 20 | 24 | 18 | 25 | 30 | 29 | 31 | 10 | -22 | 7 | 31 | 41 |
OPM % | 10% | 8% | 8% | 5% | 6% | 7% | 6% | 7% | 3% | -19% | 3% | 6% | 7% |
8 | 9 | 8 | 7 | 7 | 8 | 10 | 6 | 9 | 10 | 1 | 11 | 10 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 5 | 5 | 5 | 1 | 5 | 6 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
Profit before tax | 37 | 23 | 27 | 24 | 26 | 32 | 33 | 32 | 13 | -16 | 3 | 37 | 47 |
Tax % | 32% | 33% | 34% | 35% | 35% | 35% | 39% | 34% | 25% | 23% | -3% | 25% | |
25 | 16 | 17 | 15 | 17 | 21 | 20 | 21 | 10 | -13 | 3 | 28 | 35 | |
EPS in Rs | 38.67 | 24.34 | 27.22 | 23.76 | 26.40 | 32.67 | 31.39 | 32.48 | 16.36 | -20.55 | 5.65 | 45.74 | 57.80 |
Dividend Payout % | 39% | 51% | 55% | 63% | 57% | 54% | 56% | 54% | 61% | 0% | 0% | 38% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 1% |
3 Years: | 15% |
TTM: | 14% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | 6% |
3 Years: | 33% |
TTM: | 24% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 28% |
3 Years: | 73% |
1 Year: | 150% |
Return on Equity | |
---|---|
10 Years: | 8% |
5 Years: | 6% |
3 Years: | 4% |
Last Year: | 14% |
Balance Sheet
Figures in Rs. Crores
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 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
Reserves | 152 | 158 | 164 | 168 | 183 | 190 | 197 | 204 | 175 | 161 | 163 | 188 | 196 |
3 | 4 | 2 | 4 | 3 | 2 | 6 | 0 | 1 | 17 | 43 | 72 | 44 | |
105 | 58 | 66 | 102 | 85 | 100 | 101 | 90 | 77 | 50 | 74 | 70 | 76 | |
Total Liabilities | 267 | 227 | 240 | 281 | 277 | 299 | 311 | 300 | 260 | 234 | 286 | 336 | 322 |
53 | 59 | 63 | 69 | 67 | 63 | 59 | 56 | 60 | 55 | 50 | 49 | 49 | |
CWIP | 4 | 4 | 4 | 12 | 8 | 8 | 8 | 7 | 0 | 0 | 0 | 0 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 7 | 6 | 9 | 11 | 0 | 0 |
210 | 164 | 172 | 199 | 202 | 228 | 240 | 230 | 194 | 170 | 225 | 287 | 273 | |
Total Assets | 267 | 227 | 240 | 281 | 277 | 299 | 311 | 300 | 260 | 234 | 286 | 336 | 322 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
17 | 23 | 10 | 1 | 31 | 19 | 40 | -5 | 21 | -20 | -29 | -4 | |
-30 | -7 | -5 | 9 | -19 | -5 | -29 | 26 | 25 | -3 | 9 | -29 | |
-12 | -11 | -11 | -10 | -12 | -14 | -10 | -20 | -39 | 14 | 25 | 28 | |
Net Cash Flow | -25 | 6 | -6 | -0 | 0 | 0 | 0 | 2 | 8 | -10 | 6 | -5 |
Ratios
Figures in Rs. Crores
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 | 72 | 63 | 48 | 50 | 40 | 43 | 43 | 58 | 54 | 75 | 93 | 58 |
Inventory Days | 42 | 41 | 46 | 40 | 43 | 63 | 52 | 62 | 66 | 192 | 72 | 52 |
Days Payable | 134 | 71 | 72 | 90 | 78 | 90 | 79 | 81 | 91 | 166 | 101 | 52 |
Cash Conversion Cycle | -20 | 33 | 22 | -0 | 5 | 16 | 17 | 39 | 29 | 102 | 65 | 58 |
Working Capital Days | 115 | 75 | 124 | 93 | 90 | 104 | 108 | 123 | 119 | 369 | 183 | 132 |
ROCE % | 24% | 14% | 16% | 14% | 14% | 17% | 16% | 17% | 8% | -9% | 5% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
2d - Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Amendment to Memorandum of Association
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 2d
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 2d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 18 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 17 Apr
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 2011
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Financial Year 2010
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Business segments FY22
Bus Body Segment (77%): In FY 2021-22, product sales revenue in the bus segment climbed by 181% to Rs. 217 crores from Rs. 77 crores in FY 2020-21.
Pressings segment (23%): Capacity utilization drives the profitability in this segment.
This segment's product sales revenue improved from Rs. 38 crores in FY 21 to Rs. 64 crores in the current fiscal year.[1] [2]