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Automotive Axles Ltd share Price Today

Company details

1,981.90
2,024.00
1,742.15
2,460.00
6M Return -9.09%
1Y Return -6.62%
Mkt Cap.(Cr) 3,048.85
Volume 20,403
Div Yield 1.59%
OI
-
OI Chg %
-
Volume 20,403

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About The Stock

    Automotive Axles (AXL), est. in 1981 & is the largest independent manufacturer of rear axle drive assemblies in India (primarily for CVs; M&HCV).

    • As of FY20, Rear drive axles comprise ~60% of its top line with brakes share at ~20% and other parts comprising the rest.
    • It counts all major OEM’s as its clients in CV domain with prominent names being Ashok Leyland, VECV Commercial Vehicles, M&M among others
Q3FY23

    The company reported healthy performance in Q3FY23

    • Total operating income for Q3FY23 came in at ₹656 crores, up 38% QoQ
    • EBITDA came in at ₹78 crores with margins at 11.9%, up 123 bps QoQ.
    • PAT for the quarter stood at ₹50 crores, up 68% QoQ
    • Management expects domestic M&HCV volumes to grow ~35% in FY23E

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Automotive Axles Ltd shares SWOT Analysis

Strengths (8)

  • Rising Net Cash Flow and Cash from Operating activity
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)

Weakness (3)

  • Decline in Quarterly Net Profit (YoY)
  • Degrowth in Quarterly Revenue and Profit in Recent Results(YoY)
  • Fall in Quarterly Revenue and Net Profit (YoY)

Opportunity (3)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE
  • Street Favorite: High Analyst Rating with at least 20% upside
  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 2,033.7
R2 2,049.9
R3 2,075.8
Pivot

2,007.80

S1 1,991.6
S2 1,965.7
S3 1,949.5
EMA SMA
1,963.1
1,943.1
1,969.3
2,032.8
1,965.0
1,920.4
1,930.8
2,085.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2021-07-27 1508.83 77182 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2021-07-27 1509.02 77182 NSE
UTI MUTUAL FUND A/C UT160 (UTI-MID CAP FUND) Bulk Sell 2019-02-14 1130 189511 NSE
Name Category Shares
BF INVESTMENT LIMITED PROMOTER 35.52%
MERITOR HEAVY VEHICLE SYSTEMS, LLC PROMOTER 35.52%

OUR RESEARCH VIEW

Investment recommendation
Call Date
21 Feb 2023
Entry Price 2,580.00
Target Price 3,000.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Automotive Axles Ltd Stocks COMPARISON

Financials( in Cr) Automotive Axles Ltd Samvardhana Motherson International Ltd Bosch Ltd Uno Minda Ltd Exide Industries Ltd
Price 2,017.50 174.62 32,327.80 1,042.75 542.25
% Change 1.48 3.47 -0.32 4.38 -0.01
Mcap Cr 3,048.85 118,329.86 95,347.61 59,863.76 46,091.25
Revenue TTM Cr 2,323.70 78,700.70 14,929.30 11,236.49 15,078.16
Net Profit TTM Cr 162.03 1,669.60 1,424.30 700.23 822.77
PE TTM 18.35 40.99 52.05 69.50 52.59
1 Year Return -6.62 106.41 69.61 82.65 162.72
ROCE 30.58 8.59 17.05 18.68 10.55
ROE 23.48 7.76 13.14 18.44 7.58
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 759.32 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,088.77 -1,030.79
LAST 3M 113,155.52 -39,495.50
LAST 6M 184,812.44 -13,263.60
LAST 12M 291,038.85 99,015.20

Automotive Axles Ltd Information

Stock PE (TTM)
18.35
Promoter Holding
71.04%
Book Value
579.7088
ROCE
30.58%
ROE
23.48%
Description
  • Promoted as a joint venture by the Kalyani group and Rockwell International Corporation, US, (35.52% stake) in 1981, Automotive Axles manufactures all types of complete axles and axle assemblies including components and corresponding brake sets. It also manufactures automotive gears and air- and hydraulic-activated brake assemblies. The company`s Rs 30.3-cr project at Hootagali near Mysore, commenced commercial production in Jul.`84. The company entered the capital market with a public issue. It came out of the purview of the Sick Industrial Companies Act, 1985. But, the very next year, its networth started to erode. So, in 1994-95, it embarked on a restructuring of the capital in consultation with financial institutions. The company came out with a rights issue in Feb.`95 to part-finance an expansion project to increase the manufacturing capacity of axles and brakes. During 1996-97, the expansion of Axles capacity has been completed and of brakes was put on hold in view of down turn in the market. The company managed to achieve an impressive 20% growth in sales during the year 1999-2000. As the company is continuing to pursue its efforts on increasing penetration into other domestic and export market opportunities, Meritor HVS (India) Ltd has tied-up technical licensing arrangement for new products for Ashok Leyland and Volvo India Ltd., and already export business worth US $ 4 Million has been achieved.

No Data Found

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 505010
NSE Code : AUTOAXLES
Book Closure Date (Month) : Jul/Aug
BSE Group : B
ISIN : INE449A01011

FAQ’s on Automotive Axles Ltd Shares

You can buy Automotive Axles Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Automotive Axles Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:53 PM the closing price of Automotive Axles Ltd was Rs.2,017.50.

The latest PE ratio of Automotive Axles Ltd as of Jun 14, 2024 03:53 PM is 18.35

The latest PB ratio of Automotive Axles Ltd as of Jun 14, 2024 03:53 PM is 0.29

The 52-week high of Automotive Axles Ltd share price is Rs. 2,460.00 while the 52-week low is Rs. 1,742.15

According to analyst recommendations, Automotive Axles Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:53 PM, the market cap of Automotive Axles Ltd stood at Rs. 3,048.85.

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