Automobile Corporation Of Goa Ltd

Auto.Corp.of Goa Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Automobile Corporation Of Goa Ltd

₹ 2,300 -2.49%
13 Dec - close price
acglgoa.com BSE: 505036
About

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]

Key Points

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]

Website BSE
  • Market Cap ₹ 1,400 Cr.
  • Current Price ₹ 2,300
  • High / Low ₹ 3,449 / 1,390
  • Stock P/E 30.5
  • Book Value ₹ 387
  • Dividend Yield 0.87 %
  • ROCE 18.7 %
  • ROE 18.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 23.3%
  • Debtor days have improved from 66.6 to 47.8 days.

Cons

  • Stock is trading at 5.95 times its book value
  • Company has a low return on equity of 13.2% 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

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Quarterly Results

Figures in Rs. Crores

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
52.66 76.05 114.87 141.69 139.47 87.73 137.34 150.99 124.10 139.87 169.39 203.33 129.87
55.79 71.35 104.05 131.51 131.97 83.59 128.18 138.69 115.73 128.63 158.49 182.03 122.91
Operating Profit -3.13 4.70 10.82 10.18 7.50 4.14 9.16 12.30 8.37 11.24 10.90 21.30 6.96
OPM % -5.94% 6.18% 9.42% 7.18% 5.38% 4.72% 6.67% 8.15% 6.74% 8.04% 6.43% 10.48% 5.36%
2.38 1.15 -4.29 2.39 4.06 2.44 2.01 2.37 2.91 3.02 5.00 3.99 3.84
Interest 0.02 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.02 0.02 0.02 0.03
Depreciation 1.27 1.25 1.19 1.16 1.17 1.18 1.17 1.19 1.16 1.13 1.47 1.08 1.12
Profit before tax -2.04 4.57 5.32 11.39 10.37 5.38 9.98 13.46 10.09 13.11 14.41 24.19 9.65
Tax % -24.02% 25.38% 6.58% 27.22% 25.36% 23.79% 22.65% 24.96% 24.88% 25.40% 24.22% 25.92% 23.94%
-1.55 3.41 4.97 8.28 7.73 4.10 7.73 10.10 7.58 9.78 10.91 17.92 7.34
EPS in Rs -2.55 5.60 8.16 13.60 12.70 6.73 12.70 16.59 12.45 16.06 17.92 29.43 12.06
Raw PDF

Profit & Loss

Figures in Rs. Crores

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
263 303 395 417 467 489 426 333 116 282 506 584 642
243 279 377 392 437 461 395 323 137 275 475 542 592
Operating Profit 20 24 18 25 30 29 31 10 -22 7 31 43 50
OPM % 8% 8% 5% 6% 7% 6% 7% 3% -19% 3% 6% 7% 8%
9 8 7 7 8 10 6 9 10 1 11 13 16
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 5 5 1 5 6 5 5 5 5 5 5 5 5
Profit before tax 23 27 24 26 32 33 32 13 -16 3 37 51 61
Tax % 33% 34% 35% 35% 35% 39% 34% 25% -23% -3% 25% 25%
16 17 15 17 21 20 21 10 -13 3 28 38 46
EPS in Rs 24.34 27.22 23.76 26.40 32.67 31.39 32.48 16.36 -20.55 5.65 45.74 63.02 75.47
Dividend Payout % 51% 55% 63% 57% 54% 56% 54% 61% -0% -0% 38% 32%
Compounded Sales Growth
10 Years: 7%
5 Years: 7%
3 Years: 72%
TTM: 28%
Compounded Profit Growth
10 Years: 8%
5 Years: 10%
3 Years: 72%
TTM: 56%
Stock Price CAGR
10 Years: 16%
5 Years: 33%
3 Years: 31%
1 Year: 66%
Return on Equity
10 Years: 9%
5 Years: 8%
3 Years: 13%
Last Year: 19%

Balance Sheet

Figures in Rs. Crores

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 6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 158 164 168 183 190 197 204 175 161 163 188 213 229
4 2 4 3 2 6 -0 1 17 43 72 63 49
58 66 102 85 100 101 90 77 50 74 70 91 85
Total Liabilities 227 240 281 277 299 311 300 260 234 286 336 373 369
59 63 69 67 63 59 56 60 55 50 49 51 58
CWIP 4 4 12 8 8 8 7 0 -0 -0 0 1 0
Investments -0 -0 -0 -0 -0 3 7 6 9 11 -0 -0 -0
164 172 199 202 228 240 230 194 170 225 287 321 311
Total Assets 227 240 281 277 299 311 300 260 234 286 336 373 369

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
23 10 1 31 19 40 -5 21 -20 -29 -4 61
-7 -5 9 -19 -5 -29 26 25 -3 9 -29 -11
-11 -11 -10 -12 -14 -10 -20 -39 14 25 28 -22
Net Cash Flow 6 -6 -0 -0 0 -0 2 8 -10 6 -5 28

Ratios

Figures in Rs. Crores

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 63 48 50 40 43 43 58 54 75 93 58 48
Inventory Days 41 46 40 43 63 52 62 66 192 72 52 44
Days Payable 71 72 90 78 90 79 81 91 166 101 52 59
Cash Conversion Cycle 33 22 -0 5 16 17 39 29 102 65 58 33
Working Capital Days 75 124 93 90 104 108 123 119 369 183 132 120
ROCE % 14% 16% 14% 14% 17% 16% 17% 8% -9% 5% 14% 19%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
56.43% 56.43% 49.77% 49.77% 49.77% 49.77% 49.77% 49.77% 49.77% 49.77% 49.77% 49.77%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
43.56% 43.56% 50.21% 50.22% 50.21% 50.20% 50.23% 50.22% 50.20% 50.21% 50.21% 50.20%
No. of Shareholders 10,34410,34510,28610,29910,23010,0829,94710,09110,12910,64910,63911,922

* 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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