
AUTOAXLES - Automotive Axles Ltd. Share Price
Auto Components
Valuation | |
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Market Cap | 2.62 kCr |
Price/Earnings (Trailing) | 16.65 |
Price/Sales (Trailing) | 1.24 |
EV/EBITDA | 10.48 |
Price/Free Cashflow | 20.43 |
MarketCap/EBT | 12.32 |
Enterprise Value | 2.61 kCr |
Fundamentals | |
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Revenue (TTM) | 2.1 kCr |
Rev. Growth (Yr) | -0.10% |
Earnings (TTM) | 157.2 Cr |
Earnings Growth (Yr) | 4.9% |
Profitability | |
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Operating Margin | 10% |
EBT Margin | 10% |
Return on Equity | 16.01% |
Return on Assets | 11.58% |
Free Cashflow Yield | 4.89% |
Price to Sales Ratio
Revenue (Last 12 mths)
Net Income (Last 12 mths)
Growth & Returns | |
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Price Change 1W | -3.3% |
Price Change 1M | 0.00% |
Price Change 6M | 6.8% |
Price Change 1Y | -9.5% |
3Y Cumulative Return | -3.8% |
5Y Cumulative Return | 19.3% |
7Y Cumulative Return | 5.2% |
10Y Cumulative Return | 9.8% |
Cash Flow & Liquidity | |
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Cash Flow from Investing (TTM) | 63.77 Cr |
Cash Flow from Operations (TTM) | 128.25 Cr |
Cash Flow from Financing (TTM) | -58.54 Cr |
Cash & Equivalents | 8.57 Cr |
Free Cash Flow (TTM) | 128.1 Cr |
Free Cash Flow/Share (TTM) | 84.77 |
Balance Sheet | |
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Total Assets | 1.36 kCr |
Total Liabilities | 375.07 Cr |
Shareholder Equity | 981.92 Cr |
Current Assets | 1.11 kCr |
Current Liabilities | 358.01 Cr |
Net PPE | 185.58 Cr |
Inventory | 229.41 Cr |
Goodwill | 0.00 |
Capital Structure & Leverage | |
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Debt Ratio | 0.00 |
Debt/Equity | 0.00 |
Interest Coverage | 83.17 |
Interest/Cashflow Ops | 51.81 |
Dividend & Shareholder Returns | |
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Dividend/Share (TTM) | 30.5 |
Dividend Yield | 1.76% |
Shares Dilution (1Y) | 0.00% |
Shares Dilution (3Y) | 0.00% |
Summary of Latest Earnings Report from Automotive Axles
Summary of Automotive Axles's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
Management's outlook for Automotive Axles Limited indicates a cautious confidence amid a soft market environment. For Q1 FY '26, revenue stood at approximately INR 498 crores, maintaining the previous year's level but reflecting a 1% dip in revenue from operations. The EBITDA margin improved to 11.7% from 11.2% year-over-year, while the profit after tax rose to 7.3% from 6.9%. Management emphasized ongoing improvements in working capital and cash flow.
Key forward-looking points include:
Market Expectations: Despite current softness, management expects a potential normalization in Q3 and Q4 as infrastructure initiatives gain momentum post-monsoon.
Product Development: Two new products targeting the bus segment (13.5m and 15m) are nearing commercialization, with production expected to ramp up in early Q2 FY '26.
New Business Model Impact: The switch to a new business model with Meritor is anticipated to provide marginal improvements in margins as agreements shift to direct sales, potentially aiding revenue recognition.
Capex Plans: The company plans to invest INR 120 crores on capacity enhancements and product developments over the next two years, aiming for completion of Phase 1 by FY '27.
Operational Adjustments: Management indicated ongoing initiatives in cost reduction and automation, which are expected to support future profitability despite current market challenges.
Future Guidance: Management anticipates Q2 to be affected by overstocking among OEMs and monsoon impacts, projecting full-year performance to be flat or slightly lower than previous year unless significant market shifts occur.
Last updated:
Question: Can you explain a little bit more in detail how the new model would work both in terms of impact on the top line EBITDA?
Answer: The new model will see around 75% of sales referred to MHVSIL, which has been consolidated with the end customer. While the revenue increase may not be significant, it will be less than a double-digit increase. The profitability arrangement is set at arm's length, and we anticipate some margin improvement over the year as we normalize the revenue recognition for exports.
Question: Can you get more detailed perspective of how the service fee would work?
Answer: The service fee is determined based on a scientific arm's length assessment and will be a percentage of the revenue from sales to Indian OEs. This fee structure is applicable only to domestic sales, not to exports, and the effect on margins and revenue can be monitored over the year.
Question: Can you provide updates on the new product developments with the bus segment?
Answer: The 13.5 and 15-meter products are currently in proto batches, with production expected soon. New developments for other specifications are underway, with expectations to finalize commercials in Q2. Feedback from proto trials has been positive, with minor adjustments anticipated.
Question: Regarding export performance, what updates do you have on adding new customers?
Answer: Our focus remains on supplying to designated Cummins entities and less on direct exports. Partnerships with manufacturers, such as Volvo, are ongoing, and we're strategically positioned to manage applications and requirements as needed.
Question: Can you provide insight into the expected margins compared to the domestic market?
Answer: Margins from domestic sales will incur the service fee, while exports to group entities will enjoy higher margins due to the absence of these fees. As such, we may expect relatively better margins on exports based on our pricing strategy.
Question: Can you update on the overall outlook for FY '26 concerning demand?
Answer: We anticipate a stable market, although a 4% dip in demand may occur, largely due to inventory build-ups. While Q2 will reflect some softness, we expect recovery in Q3 and Q4 due to government spending, aiming for revenue around INR400 crores.
Question: How will your capex plans align with your growth ambitions?
Answer: We have allocated around INR120 crores for capex this year to enhance capacity and automation. The first phase of projects will complete by the end of this financial year, with expected benefits to emerge in FY '27.
Question: What can we expect regarding margins and profitability for the remaining year?
Answer: While an immediate uptick in margins is not guaranteed, we expect gradual improvement as we adjust to our new model and the market stabilizes. By the third quarter, clearer insights will be available regarding these projections.
Share Holdings
Understand Automotive Axles ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Holding Pattern
Share Holding Details
Shareholder Name | Holding % |
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MERITOR HEAVY VEHICLE SYSTEMS, LLC | 35.52% |
BF INVESTMENT LIMITED | 35.52% |
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA(VARIOUS SCHEMES) | 8.81% |
SBI CONTRA FUND (VARIOUS SCHEMES) | 2.38% |
BABASAHEB KALYANI FAMILY TRUST | 0% |
CUMMINS INC | 0% |
Overall Distribution
Distribution across major stakeholders
Ownership Distribution
Distribution across major institutional holders
Is Automotive Axles Better than it's peers?
Detailed comparison of Automotive Axles against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|---|
BHARATFORG | Bharat Forge | 58.04 kCr | 15.14 kCr | +9.70% | -20.30% | 56.15 | 3.83 | - | - |
SUNDRMFAST | Sundram Fasteners | 20.59 kCr | 6.03 kCr | -4.10% | -29.80% | 37.74 | 3.41 | - | - |
RKFORGE | ramkrishna forgings | 9.41 kCr | 13.81 kCr | -8.20% | -49.00% | 18.77 | 0.68 | - | - |
JAMNAAUTO | Jamna Auto Industries | 4.06 kCr | 2.29 kCr | -1.80% | -15.90% | 22.54 | 1.77 | - | - |
TALBROAUTO | Talbros Automotive Components | 1.87 kCr | 846.04 Cr | +16.50% | -9.40% | 19.44 | 2.21 | - | - |
Sector Comparison: AUTOAXLES vs Auto Components
Comprehensive comparison against sector averages
Comparative Metrics
AUTOAXLES metrics compared to Auto
Category | AUTOAXLES | Auto |
---|---|---|
PE | 16.79 | 41.20 |
PS | 1.25 | 2.34 |
Growth | -4.8 % | 8.9 % |
Performance Comparison
AUTOAXLES vs Auto (2021 - 2025)
- 1. AUTOAXLES is NOT among the Top 10 largest companies in Auto Components & Equipments.
- 2. The company holds a market share of 0.5% in Auto Components & Equipments.
- 3. In last one year, the company has had a below average growth that other Auto Components & Equipments companies.
Income Statement for Automotive Axles
Balance Sheet for Automotive Axles
Cash Flow for Automotive Axles
What does Automotive Axles Ltd. do?
Automotive Axles is an Auto Components & Equipments company, listed under the stock ticker AUTOAXLES.
With a market capitalization of Rs. 2,492.3 Crores, the company specializes in manufacturing and selling automotive components in India. Its product offerings include:
- Front steer axles
- Defence axles
- Off-highway axles
- Drive and non-drive axles
- Drum and disc brakes
- Suspension related products
Automotive Axles caters primarily to manufacturers of trucks and buses, original equipment manufacturers, and sectors involving military and off-highway vehicles. The company also has an international presence, exporting products to countries such as the United States, China, France, Italy, Brazil, and Australia.
Incorporated in 1981 and based in Mysore, India, Automotive Axles has achieved a trailing 12-month revenue of Rs. 2,113.3 Crores. The company is committed to returning value to its investors, offering a dividend yield of 1.86% per year, with a recent dividend payout of Rs. 32 per share.
Over the past three years, Automotive Axles has demonstrated significant growth, achieving a revenue increase of 54.4%.