Automotive Axles Ltd
AUTOAXLESAutomotive Axles Ltd
AUTOAXLES
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
AvgFinancials growth has been moderate for a few years
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 17.65 | 3.09 | 1.79% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 38.62 | 6.72 | 0.49% |
Forecast & Ratings
Detailed Forecast from 1 analyst
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Automotive Axles Limited is engaged in the manufacturing of automotive axles. It provides its products to the domestic and global manufacturers of trucks and buses.
Peers
Compare with peersSamvardhana Motherson International Ltd
Bosch Ltd
Schaeffler India Ltd
UNO Minda Ltd
Sona BLW Precision Forgings Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1,087.54 | 1,174.32 | 1,524.49 | 1,942.00 | 959.68 | 912.64 | 1,494.88 | 2,328.62 | 2,244.88 | 2,122.14 | ||||||||||
Raw Materials | 778.77 | 826.20 | 1,078.95 | 1,379.61 | 626.67 | 665.20 | 1,071.98 | 1,675.15 | 1,596.62 | 1,878.49 | ||||||||||
| Power & Fuel Cost | 18.68 | 19.36 | 26.82 | 31.65 | 15.79 | 14.84 | 22.57 | 32.65 | 33.45 | |||||||||||
| Employee Cost | 79.82 | 81.40 | 99.30 | 123.51 | 89.09 | 88.75 | 114.28 | 127.01 | 133.22 | |||||||||||
| Selling & Administrative Expenses | 20.00 | 20.69 | 23.15 | 25.83 | 18.46 | 23.47 | 39.04 | 57.65 | 57.02 | |||||||||||
| Operating & Other expenses | 93.65 | 111.07 | 124.70 | 149.36 | 110.69 | 51.25 | 108.08 | 173.79 | 162.58 | |||||||||||
EBITDA | 96.62 | 115.60 | 171.57 | 232.04 | 98.98 | 69.13 | 138.93 | 262.37 | 261.99 | 243.65 | ||||||||||
| Depreciation/Amortization | 39.44 | 39.36 | 43.21 | 46.19 | 37.22 | 36.00 | 36.42 | 41.37 | 36.38 | 33.99 | ||||||||||
| PBIT | 57.18 | 76.24 | 128.36 | 185.85 | 61.76 | 33.13 | 102.51 | 221.00 | 225.61 | 209.66 | ||||||||||
| Interest & Other Items | 5.66 | 1.23 | 0.55 | 0.55 | 1.81 | 2.97 | 2.47 | 2.92 | 2.65 | 3.16 | ||||||||||
| PBT | 51.52 | 75.01 | 127.81 | 185.30 | 59.95 | 30.16 | 100.04 | 218.08 | 222.96 | 206.50 | ||||||||||
| Taxes & Other Items | 16.75 | 25.59 | 43.88 | 63.76 | 18.82 | 7.43 | 25.69 | 56.07 | 56.81 | 53.25 | ||||||||||
| Net Income | 34.77 | 49.42 | 83.93 | 121.54 | 41.13 | 22.73 | 74.35 | 162.01 | 166.15 | 153.25 | ||||||||||
| EPS | 23.01 | 32.70 | 55.54 | 80.43 | 27.22 | 15.04 | 49.20 | 107.21 | 109.95 | 101.41 | ||||||||||
| DPS | 5.50 | 8.00 | 13.50 | 19.50 | 6.80 | 4.50 | 15.00 | 32.00 | 32.00 | 32.00 | ||||||||||
| Payout ratio | 0.24 | 0.24 | 0.24 | 0.24 | 0.25 | 0.30 | 0.30 | 0.30 | 0.29 | 0.32 |
Company Updates
Annual report
PDFPeers & Comparison
Consumer DiscretionaryAuto Parts
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Automotive Axles Ltd | 16.28 | 3.09 | 1.79% |
| Samvardhana Motherson International Ltd | 45.61 | 4.39 | 0.44% |
| Bosch Ltd | 41.58 | 8.59 | 1.07% |
| Schaeffler India Ltd | 60.56 | 11.33 | 0.75% |
Price Comparison
Compare AUTOAXLES with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 1.13%
Top 5 Mutual Funds holding Automotive Axles Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Nippon India Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 5.1507% | Percentage of the fund’s portfolio invested in the stock 0.23% | Change in the portfolio weight of the stock over the last 3 months -0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 132/238 (-38) |
Nippon India ELSS Tax Saver Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 3.7090% | Percentage of the fund’s portfolio invested in the stock 0.65% | Change in the portfolio weight of the stock over the last 3 months -0.07% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 28/65 (0) |
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI CONTRA FUND DIRECT PL GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.3837% | Percentage of the fund’s portfolio invested in the stock 0.09% | Change in the portfolio weight of the stock over the last 3 months -0.02% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 50/113 (-1) |
Compare 3-month MF holding change on Screener
Hmm, looks like there hasn't been any net deal activity in the last 6 monthssmallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Dividend Yield
Current dividend yield is 1.76%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹17.63 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateJul 29, 2024
Dividend/Share
₹32.00
Ex DateEx Date
Jul 29, 2024
Cash Dividend
Ex DateEx DateJul 27, 2023
Dividend/Share
₹32.00
Ex DateEx Date
Jul 27, 2023
Cash Dividend
Ex DateEx DateJul 28, 2022
Dividend/Share
₹15.00
Ex DateEx Date
Jul 28, 2022
Cash Dividend
Ex DateEx DateAug 3, 2021
Dividend/Share
₹4.50
Ex DateEx Date
Aug 3, 2021
Cash Dividend
Ex DateEx DateAug 12, 2020
Dividend/Share
₹0.80
Ex DateEx Date
Aug 12, 2020
Profit before tax (PBT) stood at Rs 48.45 crore in Q2 FY25, down 19.71% YoY for the quarter ended 30 September 2024. Total expenses fell 14.31% to Rs 452.31 crore in the quarter ended 30 September 2024. Cost of materials consumed was at Rs 371.90 crore (down 10.38% YoY) and employee expense was at Rs 34.29 crore (up 3.65%) during the quarter. On half year basis, the company's net profit declined 15.54% to Rs 70.02 crore on 11.56% fell in revenue f5rom operations to Rs 987.15 crore in H1 FY25 over H1 FY24. Automotive Axles (AAL) is a joint venture of Kalyani Group and Meritor Inc., USA. With manufacturing facilities located at Mysore (Karnataka), the company is currently the largest independent manufacturer of Rear Drive Axle Assemblies in India. The company has also expanded its footprints in North India with its plants at Pantnagar and Jamshedpur.Powered by Capital Market - Live
Net profit of Automotive Axles declined 20.23% to Rs 35.97 crore in the quarter ended September 2024 as against Rs 45.09 crore during the previous quarter ended September 2023. Sales declined 15.35% to Rs 494.68 crore in the quarter ended September 2024 as against Rs 584.41 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales494.68584.41 -15 OPM %10.3311.30 - PBDT56.3569.30 -19 PBT48.4660.35 -20 NP35.9745.09 -20 Powered by Capital Market - Live
Automotive Axles will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live
Net profit of Automotive Axles declined 9.99% to Rs 34.05 crore in the quarter ended June 2024 as against Rs 37.83 crore during the previous quarter ended June 2023. Sales declined 7.41% to Rs 492.47 crore in the quarter ended June 2024 as against Rs 531.91 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales492.47531.91 -7 OPM %9.9111.03 - PBDT54.3960.30 -10 PBT46.3150.89 -9 NP34.0537.83 -10 Powered by Capital Market - Live
Automotive Axles will hold a meeting of the Board of Directors of the Company on 7 August 2024.Powered by Capital Market - Live
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Automotive Axles standalone net profit rises 155.96% in the December 2022 quarter
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 2.94%, vs industry avg of 8.46%
Decreasing Market Share
Over the last 5 years, market share decreased from 0.89% to 0.69%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 6.45%, vs industry avg of 10.9%