Autolite (India) Ltd

About

Autolite (India) is a holding company. The Company is engaged in the production of automotive headlamps and halogen bulbs.

  • Market Cap 20.6 Cr.
  • Current Price 18.4
  • High / Low 29.9 / 10.4
  • Stock P/E
  • Book Value 30.8
  • Dividend Yield 0.00 %
  • ROCE -2.42 %
  • ROE -19.0 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.60 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor growth of -6.76% over past five years.
  • Company has a low return on equity of -5.36% for last 3 years.
  • Contingent liabilities of Rs.6.71 Cr.
  • Earnings include an other income of Rs.1.17 Cr.
  • Debtor days have increased from 118.89 to 144.97 days.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
28.36 24.25 28.77 39.00 23.23 23.26 19.97 19.42
26.12 22.24 26.87 36.82 22.00 21.95 20.53 20.52
Operating Profit 2.24 2.01 1.90 2.18 1.23 1.31 -0.56 -1.10
OPM % 7.90% 8.29% 6.60% 5.59% 5.29% 5.63% -2.80% -5.66%
Other Income 0.09 0.07 0.15 0.42 0.10 0.15 0.43 0.49
Interest 1.32 1.11 1.09 1.17 1.18 1.22 1.25 1.50
Depreciation 0.78 0.81 0.83 1.49 0.95 0.99 0.97 0.92
Profit before tax 0.23 0.16 0.13 -0.06 -0.80 -0.75 -2.35 -3.03
Tax % 0.00% 0.00% 0.00% -83.33% 0.00% 0.00% 0.00% -6.27%
Net Profit 0.22 0.16 0.12 -0.11 -0.80 -0.75 -2.36 -3.23
EPS in Rs 0.20 0.14 0.11 -0.10 -0.72 -0.67 -2.11 -2.89
Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
121.88 128.17 114.04 124.90 120.32 85.88
115.54 118.62 106.25 117.87 111.91 85.00
Operating Profit 6.34 9.55 7.79 7.03 8.41 0.88
OPM % 5.20% 7.45% 6.83% 5.63% 6.99% 1.02%
Other Income 1.23 0.59 0.85 1.39 0.62 1.17
Interest 5.00 6.36 5.03 4.84 4.69 5.16
Depreciation 2.04 2.34 2.95 3.21 3.91 3.84
Profit before tax 0.53 1.44 0.66 0.37 0.43 -6.95
Tax % 33.96% 58.33% 9.09% -21.62% 11.63% -2.73%
Net Profit 0.36 0.61 0.60 0.45 0.37 -7.14
EPS in Rs 0.34 0.58 0.54 0.40 0.33 -6.39
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years:%
5 Years:-7%
3 Years:-9%
TTM:-29%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-1760%
Stock Price CAGR
10 Years:-4%
5 Years:-20%
3 Years:-37%
1 Year:-17%
Return on Equity
10 Years:%
5 Years:-3%
3 Years:-5%
Last Year:-19%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
10.59 10.59 11.19 11.19 11.19 11.19
Reserves 23.75 27.53 28.23 28.98 29.70 23.22
Borrowings 23.01 35.29 35.49 35.90 33.28 39.38
25.85 21.84 26.40 34.20 35.48 43.40
Total Liabilities 83.20 95.25 101.31 110.27 109.65 117.19
20.36 21.96 34.60 36.45 38.74 47.06
CWIP 0.00 0.00 0.00 0.29 0.00 0.15
Investments 1.21 0.66 0.51 0.57 0.45 1.60
61.63 72.63 66.20 72.96 70.46 68.38
Total Assets 83.20 95.25 101.31 110.27 109.65 117.19

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0.00 -2.78 11.14 11.92 12.66 5.57
0.00 -3.82 -5.56 -6.80 -5.66 -13.15
0.00 7.37 -6.68 -4.44 -7.31 7.31
Net Cash Flow 0.00 0.77 -1.11 0.68 -0.32 -0.27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 11.75% 7.66% 6.77% 6.96% -2.42%
Debtor Days 68.28 73.39 98.20 103.83 107.87 144.97
Inventory Turnover 5.89 4.93 5.74 5.47 4.00

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
53.98 53.98 53.98 54.00 54.00 54.07 54.08 54.10 54.14 54.14 54.14 54.14
0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09
0.73 0.31 0.31 0.31 0.31 0.30 0.30 0.30 0.38 0.30 0.30 0.30
45.21 45.63 45.62 45.60 45.60 45.54 45.53 45.51 45.39 45.46 45.47 45.47

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