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Automotive Axles Ltd

Company details

2,408.10
2,564.00
1,380.90
2,659.00
6M Return 28.29%
1Y Return 73.22%
Mkt Cap.(Cr) 3,790.77
Volume 3,353
Div Yield 0.61%
OI
-
OI Chg %
-
Volume 3,353

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About The Stock

    Automotive Axles (AAL), established in 1981, is 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 topline with brakes share at ~20% and other parts comprising the rest
    • It counts all major OEMs as its clients in CV domain with prominent names being Ashok Leyland, VECV Commercial Vehicles, M&M among others

Q4FY22

    The company reported a healthy performance in Q4FY22.

    • Total operating income for Q4FY22 came in at ₹ 552 crore, up 48% QoQ
    • EBITDA came in at ₹ 62 crore with margins at 11.2%, up 190 bps QoQ
    • PAT for the quarter was at ₹ 38.8 crore, up 96.1% QoQ

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OUR RESEARCH VIEW

Investment recommendation

Call Date

12 Aug 2022

Entry Price

1,950.00

Target Price

2,375.00

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

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 621.06 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 17,885.38 -31,611.37
LAST 3M 35,121.07 -30,202.77
LAST 6M 57,685.76 41,245.03
LAST 12M 186,762.13 -119,512.97

Automotive Axles Limited - Copy of Newspaper Publication

Feb 01, 2023 l NSE Announcement

NSE Board Meetings Forthcomming

Jan 31, 2023 l NSE Board Meetings Forthcomming

Board Meeting for Today

Jan 31, 2023 l Board Meetings for Today

Date Action Type Ratio
Jul 28, 2022 Dividend 150
Aug 03, 2021 Dividend 45

INFORMATION

Stock PE (TTM)

24.92

Promoter Holding

71.04%

Book Value

435.8021

ROCE

16.5%

ROE

12.66%

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) : Aug
BSE Group : B
ISIN : INE449A01011

ICICIdirect Automotive Axles Ltd FAQ

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 Feb 01, 2023 04:01 PM the closing price of Automotive Axles Ltd was ₹ 2,508.45.
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 Feb 01, 2023 04:01 PM, the market cap of Automotive Axles Ltd stood at ₹ 3,790.77.
The latest PE ratio of Automotive Axles Ltd as of Feb 01, 2023 04:01 PM is 24.92
The latest PB ratio of Automotive Axles Ltd as of Feb 01, 2023 04:01 PM is 0.18
The 52-week high of Automotive Axles Ltd is ₹ 2,659.00 while the 52-week low is ₹ 1,380.90
According to analyst recommendations, Automotive Axles Ltd has a “Buy” rating for the long term.

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