Automotive Axles Ltd.
Snapshot View

1631.35 +14.55 ▲0.9%

20 May 2022, 04:01:00 PM
Volume: 646

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.autoaxle.com
Market Cap 2,489.32 Cr.
Enterprise Value(EV) 2,399.37 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) 49.20 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 33.48 Trailing Twelve Months Ending 2022-03
Industry PE 42.22 Trailing Twelve Months Ending 2022-03
Book Value / Share 410.97 Trailing Twelve Months Ending 2022-03
Price to Book Value 4.01 Calculated using Price: 1,647.25
Dividend Yield 0.91 Period Ending 2021-03
No. of Shares Subscribed 1.51 Cr. 15,111,975 Shares
FaceValue 10
Company Profile

Automotive Axles Limited (AAL)  a joint venture of Kalyani Group and Arvin Meritor Inc., USA (formerly the automotive division of Rockwell International Corporation) was established in 1981, AAL has developed an impressive domestic OEM clientele that includes Ashok Leyland, Telco, Vehicle Factory, Jabalpur,Mahindra & Mahindra, Volvo and Bharat Earth Movers.

The infrastructure at AAL spans highly specialized manufacturing processes involving Friction Welding, CO2 Welding, CNC Machining, Flexible Machine Centres and a range of specially built machines for production of Axles and Brakes. The facilities also comprises Gleason Gear Manufacturing Equipment backed by a modern Heat Treatment Shop including Continuous Carburising and Sealed Quench Furnaces. Wide range of Rear Drive Axles catering to commercial vehicles ranging from 6 Tons to 35 Tons GCW, S-Cam Actuated Quick Change Air Brakes for commercial vehicles, and Trailer Axles for 10 Tons to 13 Tons GVW.

The company’s manufacturing facilities are located at Mysore, the company is currently the largest independent manufacturer of Rear Drive Axle Assemblies in the country. Over the years, AAL has developed an impressive domestic OEM clientele that includes Ashok Leyland, Telco, Vehicle Factory, Jabalpur,Mahindra & Mahindra, Volvo and Bharat Earth Movers. AAL exports axle parts to USA, and Italy.

The company brought in Rockwell’s state-of-the-art manufactureing technology to India way ahead of its time expecting it would be able to penetrate a market segment in which CV manufacturers were making their own axles. Due to unforeseen delays caused due to various factors, it took it several years to achieve this objective. The company had therefore to be content with the business of contract manufacturing in which it could barely recover variable costs resulting in the accumulation of significant losses with interest and depreciation burden contributing to the erosion of over 50% of the company's net worth which led to its reference to BIFR in 1989.

Product range of the company includes:

  • Single drive Axle- AAL offers a broad selection of single rear drive axles ranging from 6000 kg to 14000 kg GAWR for Truck, Bus, Tractor & construction vocations.
  • Tandem Drive Axle- Vehicles used in the mining & Tractor applications are often required to carry extremely heavy loads, AAL offers the following variety of single-reduction tandem drive axles with GAWR capacities from 19000 kg to 28000 kg) for such vehicles.
  • Non Drive Axle- This axle does not have drive but used along with drive axles inorder to increase the vehicle load bearing capacity.

Milestones:

  • 1981 - Foundation Stone laid
  • 1981 - Incorporation and commencement of business
  • 1982 - First Annual General meeting of Members
  • 1983 - First Public Issue of equity shares
  • 1984 - Commercial production of Rear Axle Housing
  • 1986 - Commercial production of Brake Assembly
  • 1988 - Commercial production of Axle Assembly for LCV manufacturers
  • 1991 - Entered Export market by exporting prototypes to MB-Germany
  • 1995 - Rights issue in the ratio of 1:4
  • 1996 - Sales cross Rs. 1 billion
  • 1998 - Quality Management System certified to ISO 9001
  • 2000 - Quality System certified to QS 9000
  • 2003 - Sales cross Rs. 2 Billion
  • 2005 - Quality System certified to TS16949
  • 2005 - Sales cross Rs. 3.5 Billion
  • 2005 - Foundation Stone laid for 'Kalyani Nagar' colony of Employees
  • 2006 - Environment Management System Certified to IS14001
  • 2006 - Silver Jubilee year - Sales Cross Rs. 4.5 Billion

Awards/ Achievements:

  • AAL has a Quality Management System that is certified to ISO/TS 16949:2002 standard and also Environmental Management System that is certified to ISO 14001:2004 standard.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+0.90%
1 Week
+15.43%
1 Month
+0.37%
3 Month
+10.73%
6 Month
+28.54%
1 Year
+16.75%
2 Year
+274.81%
5 Year
+122.39%
10 Year
+235.74%
9 years 2013-09 2014-09 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 4.60 6.33 3.53 11.05 14.04 20.05 24.16 7.69 4.19
Return on Capital Employed (%) 8.22 9.21 5.49 15.84 20.78 30.87 34.67 10.59 5.88
Return on Assets (%) 2.45 3.50 1.89 6.32 8.81 12.74 14.42 5.03 2.75

Balance Sheet View Details

Particulars 10 years 2013-09 Rs. Cr. 2014-09 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 280 294 302 327 377 444 538 532 554 621
Non Curr. Liab. 35 23 31 16 5 -1 59 28 21 19
Curr. Liab. 150 256 209 216 182 285 321 158 362 397
Minority Int.
Equity & Liab. 466 574 542 559 564 728 918 718 936 1,037
Non Curr. Assets 199 199 218 191 168 155 275 309 303 282
Curr. Assets 267 375 325 367 395 573 644 409 633 755
Misc. Exp. not W/O
Total Assets 466 574 542 559 564 728 918 718 936 1,037

Profit Loss View Details

Particulars 10 years 2013-09 Rs. Cr. 2014-09 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 643 677 459 1,086 1,172 1,519 1,939 952 906 1,491
Other Income 2 6 3 2 2 5 3 8 7 4
Total Income 644 683 462 1,088 1,174 1,524 1,942 960 913 1,495
Total Expenditure -589 -620 -424 -991 -1,059 -1,354 -1,713 -859 -840 -1,356
PBIDT 56 63 38 97 115 170 229 101 73 139
Interest -9 -7 -4 -6 -1 -1 -1 -2 -3 -2
Depreciation -29 -29 -17 -39 -39 -43 -46 -37 -36 -36
Taxation -6 -8 -6 -17 -26 -44 -64 -19 -7 -26
Exceptional Items -2 -4
PAT 13 18 11 35 49 82 119 41 23 74
Adjusted EPS 8 12 7 23 33 54 79 27 15 49

Cash Flow View Details

Particulars 10 years 2012-09 Rs. Cr. 2013-09 Rs. Cr. 2014-09 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 94 54 -6 92 57 97 51 106 198 49
Cash Fr. Inv. -70 -24 -25 -19 -25 -23 -27 -157 -59 -40
Cash Fr. Finan. -33 -30 30 -70 -35 -40 -15 47 -105 -10
Net Change -9 0 0 3 -3 35 9 -4 34 -1
Cash & Cash Eqvt 1 1 0 3 0 35 44 40 74 73

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 71.04 71.04 71.04 71.04 71.04 71.04 71.04 71.04 71.04
Public 28.96 28.96 28.96 28.96 28.96 28.96 28.96 28.96 28.96
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 20 May 2022
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Outcome of Analyst / Investor Conference Call held on 20 May 2022 and Audio recording.
Thu, 19 May 2022
Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 read with Schedule III Part A Para A of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 we enclose the copies of newspaper advertisement of Audited Financial Results for the Quarter and Year ended 31st March 2022 published in The FinancialExpress (English Edition) and The Andolana (Kannada Edition) on 19th May 2022.
Thu, 19 May 2022
Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 30 read with Schedule III Part A Para A of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and pursuant to the relevant provisions of the Companies Act 2013 we enclose the copies of newspaper advertisement of General Notice to members regarding Company intends to make an application to Central Government for seeking its approval towards appointment of Mr. Nagaraja Sadashiva Murthy Gargeshwari (DIN : 00839616) as whole Time Director of the Company for the period of Five years w.e.f 7th April 2022 which is published in The Financial Express (English Edition) and The Andolana (Kannada Edition) on 19th May 2022.

Technical Scans View Details

Fri, 20 May 2022
Closing Above Previous High Closing Above Previous High
Close Within 52 Week High Zone Close Within 52 Week High Zone
High Increase 3 Months High Increase 3 Months
High Increase 6 Months High Increase 6 Months
High Increase 2 Years High Increase 2 Years

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