WABCO India Ltd

About

WABCO India is primarily engaged in the manufacture of air brake actuation systems for commercial vehicles. The Company also provides software development and other services to its group companies.

  • Market Cap 9,422 Cr.
  • Current Price 4,970
  • High / Low 7,670 / 4,813
  • Stock P/E 127
  • Book Value 999
  • Dividend Yield 0.20 %
  • ROCE 10.5 %
  • ROE 7.46 %
  • Face Value 5.00

Pros

  • Company is virtually debt free.
  • Promoter holding has increased by 18.11% over last quarter.

Cons

  • The company has delivered a poor growth of 7.45% over past five years.
  • Company has a low return on equity of 13.39% for last 3 years.
  • Earnings include an other income of Rs.58.42 Cr.
  • Dividend payout has been low at 7.85% of profits over last 3 years
Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
650 785 747 743 700 663 638 446 441 405 166 419
550 673 648 620 599 578 551 393 381 353 195 356
Operating Profit 100 112 100 123 100 85 87 53 60 52 -29 63
OPM % 15% 14% 13% 17% 14% 13% 14% 12% 14% 13% -17% 15%
Other Income 6 20 25 26 10 13 15 15 16 18 13 11
Interest 0 1 0 0 0 0 0 1 0 1 1 1
Depreciation 15 16 16 17 18 21 22 21 22 25 23 22
Profit before tax 91 115 109 132 92 78 80 46 53 45 -39 51
Tax % 30% 33% 31% 28% 35% 33% 31% 26% 27% 29% 19% 31%
Net Profit 64 77 75 96 60 52 55 34 39 32 -31 35
EPS in Rs 33.64 40.71 39.41 50.36 31.52 27.47 28.87 17.85 20.40 16.61 -16.53 18.51
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
426 591 892 1,045 965 1,110 1,347 1,832 2,067 2,573 2,854 1,930 1,430
372 473 692 825 771 944 1,144 1,546 1,741 2,175 2,444 1,678 1,284
Operating Profit 54 118 201 220 194 166 203 287 326 399 410 251 146
OPM % 13% 20% 22% 21% 20% 15% 15% 16% 16% 15% 14% 13% 10%
Other Income 20 18 5 12 13 27 20 40 36 47 72 64 58
Interest 7 3 0 0 0 0 0 0 0 2 0 2 3
Depreciation 14 14 14 16 22 32 47 56 62 62 71 90 93
Profit before tax 53 118 191 216 185 161 177 270 300 382 411 223 110
Tax % 32% 34% 33% 29% 29% 27% 32% 25% 29% 29% 31% 29%
Net Profit 36 78 127 153 131 117 121 203 213 273 282 159 74
EPS in Rs 18.73 41.22 67.18 80.87 68.95 61.94 63.61 107.22 112.55 143.84 148.76 83.73 38.99
Dividend Payout % 13% 6% 7% 6% 7% 8% 8% 6% 6% 6% 6% 12%
Compounded Sales Growth
10 Years:13%
5 Years:7%
3 Years:-2%
TTM:-42%
Compounded Profit Growth
10 Years:6%
5 Years:3%
3 Years:-12%
TTM:-63%
Stock Price CAGR
10 Years:16%
5 Years:-6%
3 Years:-7%
1 Year:-19%
Return on Equity
10 Years:17%
5 Years:15%
3 Years:13%
Last Year:7%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
9 9 9 9 9 9 9 9 9 9 9 9 9
Reserves 188 261 377 520 639 746 854 1,058 1,257 1,516 1,770 1,885 1,886
Borrowings 60 7 1 1 0 0 0 0 0 0 0 0 0
75 111 121 148 144 202 250 455 471 643 556 286 333
Total Liabilities 333 389 509 678 793 957 1,113 1,523 1,737 2,169 2,336 2,181 2,228
191 180 180 230 264 306 324 335 318 359 440 471 437
CWIP 4 7 10 13 25 11 18 37 62 52 19 30 39
Investments 9 2 12 23 25 50 39 218 298 446 313 542 635
129 200 306 412 479 589 733 932 1,059 1,312 1,563 1,137 1,117
Total Assets 333 389 509 678 793 957 1,113 1,523 1,737 2,169 2,336 2,181 2,228

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
3 53 49 155 90 143 124 242 180 311 150 224
-35 1 -26 -76 -61 -76 -45 -241 -120 -205 -429 -165
6 -25 -6 -11 -11 -11 -11 -12 -14 -18 -18 -48
Net Cash Flow -25 29 17 69 18 56 68 -10 46 88 -297 11

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 27% 45% 57% 47% 31% 23% 21% 27% 24% 26% 23% 11%
Debtor Days 60 81 70 55 72 76 81 87 91 92 81 69
Inventory Turnover 6.56 7.36 8.09 6.00 4.25 5.27 7.06 7.63 7.84 11.69 13.01 8.85

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
75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 93.11
2.44 2.37 2.40 2.55 2.58 2.66 0.00 2.68 2.76 2.66 2.63 0.23
8.96 9.33 9.04 9.06 9.33 9.54 12.19 9.51 9.14 8.84 9.06 0.15
13.60 13.30 13.56 13.39 13.09 12.80 12.81 12.81 13.10 13.50 13.31 6.51

Documents