Amara Raja Energy & Mobility Ltd

Amara Raja Ener. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Amara Raja Energy & Mobility Ltd

₹ 1,314 -0.33%
04 Dec 2:13 p.m.
amararajabatteries.com BSE: 500008 NSE: ARE&M
About

Amara Raja Batteries Limited [1] (ARBL), the flagship company of the Amara Raja Group, is the technology leader and is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry.

ARBL has prestigious OEMs as its clients. The Company's Industrial and Automotive batteries are exported to over 50 countries across the globe.

In India, Amara Raja is the preferred supplier to major telecom service providers, Telecom equipment manufacturers, UPS sector (OEM & Replacement), Indian Railways and to Power, Oil & Gas among other industry segments.
Termination of Shareholders Agreement (tie up) with Johnson Control [2]

Key Points

Business Segments[1]
Automotive battery division (68% of revenue in FY23)
Applications – 2W, 3W, 4W & CV’s
• Largest Exporter of 4W Batteries
• First AGM battery manufacturer for 2W
• Setting up 1.5 LPTA of a lead recycling facility through the wholly owned subsidiary ARCSPL

Website BSE NSE
  • Market Cap ₹ 24,052 Cr.
  • Current Price ₹ 1,314
  • High / Low ₹ 1,776 / 728
  • Stock P/E 24.5
  • Book Value ₹ 397
  • Dividend Yield 0.76 %
  • ROCE 19.2 %
  • ROE 14.4 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 13.7% over last 3 years.

* 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: Auto Ancillaries Industry: Auto Ancillaries

Part of BSE 500 BSE 250 SmallCap Index Nifty Smallcap 250 BSE 400 MidSmallCap Index Nifty 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2,264 2,366 2,181 2,621 2,700 2,638 2,433 2,796 2,960 3,045 2,908 3,263 3,251
1,995 2,081 1,961 2,359 2,342 2,243 2,080 2,429 2,534 2,589 2,498 2,826 2,818
Operating Profit 269 285 220 261 359 395 353 367 425 456 410 437 433
OPM % 12% 12% 10% 10% 13% 15% 15% 13% 14% 15% 14% 13% 13%
26 19 16 17 24 27 -23 24 29 24 33 30 25
Interest 4 4 5 5 5 6 8 8 8 8 11 9 14
Depreciation 99 102 99 96 102 115 124 117 122 122 123 123 127
Profit before tax 193 198 133 178 275 301 198 266 325 350 309 335 317
Tax % 25% 26% 26% 26% 27% 26% 28% 25% 27% 23% 26% 26% 26%
144 145 99 132 201 222 142 198 238 268 230 249 236
EPS in Rs 8.45 8.51 5.79 7.73 11.78 12.99 8.34 11.61 13.96 15.68 12.55 13.61 12.87
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
6,793 6,839 7,150 8,697 10,392 11,708 12,466
5,838 5,741 6,033 7,666 8,945 10,046 10,731
Operating Profit 955 1,099 1,117 1,031 1,447 1,662 1,736
OPM % 14% 16% 16% 12% 14% 14% 14%
43 55 86 71 29 106 112
Interest 7 12 11 15 30 34 42
Depreciation 261 301 319 396 450 484 496
Profit before tax 730 841 873 691 997 1,250 1,311
Tax % 34% 21% 26% 26% 27% 25%
483 661 647 513 731 934 982
EPS in Rs 28.29 38.69 37.87 30.01 42.79 51.05 54.71
Dividend Payout % 25% 28% 29% 15% 14% 19%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 18%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 13%
TTM: 18%
Stock Price CAGR
10 Years: 6%
5 Years: 13%
3 Years: 28%
1 Year: 74%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 14%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 17 17 17 17 17 18 18
Reserves 3,318 3,638 4,193 4,535 5,990 6,780 7,248
58 84 92 126 201 157 338
1,102 1,261 1,495 1,698 1,753 2,021 2,437
Total Liabilities 4,496 5,000 5,797 6,376 7,961 8,976 10,040
1,813 1,829 2,455 2,492 3,747 3,807 3,867
CWIP 315 827 399 830 249 641 1,110
Investments 20 156 280 77 427 714 1,022
2,348 2,189 2,663 2,977 3,538 3,814 4,041
Total Assets 4,496 5,000 5,797 6,376 7,961 8,976 10,040

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
541 1,177 802 633 945 1,266
-448 -830 -616 -482 -773 -1,020
-92 -364 -122 -213 -112 -242
Net Cash Flow 2 -18 64 -62 60 3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 41 34 40 33 31 35
Inventory Days 83 94 111 108 90 90
Days Payable 40 50 57 48 40 40
Cash Conversion Cycle 85 77 93 93 82 86
Working Capital Days 66 49 55 52 62 54
ROCE % 23% 22% 16% 20% 19%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
28.06% 28.06% 28.06% 28.06% 28.06% 28.06% 28.06% 28.06% 28.06% 32.86% 32.86% 32.86%
19.80% 18.10% 18.34% 18.47% 35.49% 36.19% 35.22% 24.64% 24.00% 24.46% 23.84% 22.33%
11.68% 11.38% 10.82% 10.02% 9.25% 9.21% 10.47% 16.81% 17.91% 15.36% 14.55% 15.36%
40.46% 42.46% 42.77% 43.45% 27.20% 26.55% 26.24% 30.50% 30.02% 27.33% 28.76% 29.43%
No. of Shareholders 4,74,6625,42,1335,49,0065,48,4334,79,9624,71,4354,64,5295,60,9875,52,8945,63,8716,62,4287,34,151

* 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.

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