Austin Engineering Company Ltd

Austin Engineering Company Ltd

₹ 219 3.17%
24 Jul - close price
About

Incorporated in 1973, Austin Engineering Company Ltd and its subsidiary AEC deals with various types of Bearings and their components for domestic and international market[1]

Key Points

Business Overview:[1]
Company is a manufacturer of all types of
anti-friction bearings and exports to
the United States and European Union and
has a 100% subsidiary in the USA which also
acts on the marketing front.

  • Market Cap 76.4 Cr.
  • Current Price 219
  • High / Low 268 / 147
  • Stock P/E 20.8
  • Book Value 175
  • Dividend Yield 0.00 %
  • ROCE 8.95 %
  • ROE 6.24 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Debtor days have improved from 102 to 75.1 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 34.2%
  • Company has a low return on equity of 5.81% over last 3 years.
  • Earnings include an other income of Rs.2.88 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Bearings Industry: Bearings

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
19.89 18.02 21.97 21.25 29.68 30.55 28.93 25.86 25.46 26.83 28.02 25.52 31.01
20.19 17.86 21.57 20.94 28.52 29.15 28.14 24.15 25.54 25.41 27.64 24.74 29.82
Operating Profit -0.30 0.16 0.40 0.31 1.16 1.40 0.79 1.71 -0.08 1.42 0.38 0.78 1.19
OPM % -1.51% 0.89% 1.82% 1.46% 3.91% 4.58% 2.73% 6.61% -0.31% 5.29% 1.36% 3.06% 3.84%
0.67 0.29 0.14 0.36 0.36 0.17 0.88 0.03 1.41 0.12 1.35 0.51 0.90
Interest 0.26 0.13 0.10 0.11 0.33 0.06 0.08 0.07 0.08 0.06 0.09 0.06 0.10
Depreciation 0.27 0.26 0.24 0.25 0.16 0.22 0.23 0.23 0.29 0.34 0.28 0.28 0.48
Profit before tax -0.16 0.06 0.20 0.31 1.03 1.29 1.36 1.44 0.96 1.14 1.36 0.95 1.51
Tax % -75.00% -350.00% -130.00% 35.48% 29.13% 63.57% 3.68% 8.33% -29.17% 43.86% 32.35% 45.26% -5.96%
-0.04 0.27 0.47 0.20 0.73 0.47 1.31 1.32 1.24 0.65 0.92 0.51 1.60
EPS in Rs -0.12 0.78 1.35 0.58 2.10 1.35 3.77 3.80 3.57 1.87 2.65 1.47 4.60
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
87 88 99 70 71 77 97 72 69 91 111 111
80 82 93 72 72 77 94 74 70 89 107 108
Operating Profit 7 6 7 -1 -2 -0 3 -2 -0 2 4 4
OPM % 8% 7% 7% -2% -2% -0% 3% -2% -1% 2% 3% 3%
1 1 0 2 1 1 1 2 1 1 2 3
Interest 1 1 1 1 1 1 1 1 1 1 0 0
Depreciation 2 2 1 1 1 1 1 1 1 1 1 1
Profit before tax 4 4 4 -2 -3 -1 2 -2 -1 2 5 5
Tax % 25% 21% 31% -17% -9% 17% 20% -9% -7% -4% 14% 26%
3 4 3 -2 -3 -1 2 -2 -1 2 4 4
EPS in Rs 9.11 10.12 8.86 -4.54 -8.57 -3.42 5.61 -4.72 -2.88 4.80 12.48 10.58
Dividend Payout % 16% 15% 17% 0% 0% 0% 9% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 2%
5 Years: 3%
3 Years: 17%
TTM: 1%
Compounded Profit Growth
10 Years: 1%
5 Years: 14%
3 Years: 78%
TTM: -15%
Stock Price CAGR
10 Years: 11%
5 Years: 37%
3 Years: 51%
1 Year: 18%
Return on Equity
10 Years: 1%
5 Years: 3%
3 Years: 6%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3 3 3 3 3 3 3 3 3 3 3 3
Reserves 50 53 55 54 50 49 51 49 48 50 54 57
8 6 10 9 8 6 8 6 6 4 0 1
28 30 29 28 28 30 28 35 35 41 46 32
Total Liabilities 89 92 98 94 89 88 90 93 92 98 103 94
14 13 12 12 11 11 10 11 10 10 11 12
CWIP 0 0 0 0 0 0 0 0 0 0 0 1
Investments 0 0 0 0 0 0 0 0 0 2 3 15
75 79 85 82 77 77 79 82 82 86 89 67
Total Assets 89 92 98 94 89 88 90 93 92 98 103 94

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 4 -1 2 4 4 -0 5 9 -0 5 15
-2 -1 -1 -1 -0 -0 -1 -2 -0 -2 -3 -14
-3 -3 2 -3 -3 -2 1 -3 -1 -3 -4 1
Net Cash Flow 0 -0 0 -2 1 1 0 1 8 -5 -3 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 95 109 98 117 102 89 81 94 101 99 133 75
Inventory Days 443 390 414 603 525 440 342 443 380 361 231 209
Days Payable 184 177 162 185 192 185 122 128 172 217 212 105
Cash Conversion Cycle 355 322 351 535 435 345 301 410 309 243 151 179
Working Capital Days 173 188 195 277 249 217 193 235 203 167 137 156
ROCE % 9% 8% 8% -2% -4% -1% 5% -1% -0% 4% 9% 9%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
34.00% 34.00% 34.00% 34.00% 34.01% 34.17% 34.17% 34.17% 34.17% 34.17% 34.17% 34.17%
2.30% 2.30% 2.30% 2.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07%
63.70% 63.70% 63.70% 63.70% 65.99% 65.76% 65.77% 65.76% 65.76% 65.76% 65.76% 65.76%
No. of Shareholders 4,2064,1674,2114,1374,2404,2444,2254,4494,5644,4105,0304,856

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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