Automotive Stampings & Assemblies Ltd
ASAL mainly manufactures sheet-metal stampings, welded assemblies, and modules for passenger cars and commercial vehicles (largely for Tata Motors Limited); these products account for more than 95% of the total revenue. It has four manufacturing facilities: two in Pune, one each in Halol (Gujarat) and Pantnagar (Uttarakhand). The Co. is being promoted by TATA Autocomp Systems Ltd (TACO).[1]
- Market Cap ₹ 746 Cr.
- Current Price ₹ 472
- High / Low ₹ 1,095 / 425
- Stock P/E 38.3
- Book Value ₹ 0.30
- Dividend Yield 0.00 %
- ROCE 46.2 %
- ROE %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 28.7% CAGR over last 5 years
Cons
- Stock is trading at 1,560 times its book value
- Tax rate seems low
* 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 465 | 342 | 290 | 263 | 304 | 331 | 482 | 362 | 339 | 608 | 828 | 880 | 820 | |
| 451 | 332 | 297 | 266 | 303 | 356 | 470 | 372 | 339 | 592 | 796 | 830 | 769 | |
| Operating Profit | 14 | 10 | -6 | -3 | 1 | -25 | 12 | -10 | 0 | 16 | 33 | 51 | 51 |
| OPM % | 3% | 3% | -2% | -1% | 0% | -8% | 2% | -3% | 0% | 3% | 4% | 6% | 6% |
| 0 | 0 | 0 | 1 | 15 | 0 | 2 | 21 | 0 | 62 | 2 | 1 | 3 | |
| Interest | 5 | 7 | 8 | 9 | 9 | 11 | 16 | 17 | 18 | 15 | 13 | 15 | 16 |
| Depreciation | 15 | 15 | 10 | 10 | 9 | 10 | 10 | 11 | 11 | 11 | 14 | 16 | 19 |
| Profit before tax | -6 | -12 | -24 | -21 | -3 | -47 | -13 | -17 | -30 | 52 | 8 | 20 | 19 |
| Tax % | -30% | -31% | -5% | 0% | 0% | 0% | 0% | 1% | 0% | 0% | 0% | 0% | |
| -4 | -8 | -23 | -21 | -3 | -47 | -13 | -17 | -30 | 52 | 8 | 20 | 19 | |
| EPS in Rs | -2.79 | -5.23 | -14.61 | -13.11 | -1.81 | -29.35 | -7.96 | -10.72 | -18.72 | 32.97 | 5.25 | 12.71 | 12.27 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 13% |
| 3 Years: | 37% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 29% |
| 3 Years: | 39% |
| TTM: | 22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 100% |
| 3 Years: | 8% |
| 1 Year: | -26% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves | 58 | 50 | 27 | 5 | 2 | -45 | -57 | -75 | -105 | -52 | -43 | -23 | -15 |
| 53 | 61 | 64 | 97 | 93 | 103 | 146 | 147 | 158 | 82 | 83 | 105 | 99 | |
| 69 | 58 | 63 | 88 | 94 | 103 | 139 | 97 | 105 | 135 | 170 | 188 | 187 | |
| Total Liabilities | 196 | 185 | 169 | 206 | 205 | 177 | 243 | 185 | 175 | 181 | 226 | 285 | 286 |
| 111 | 121 | 113 | 105 | 110 | 104 | 105 | 99 | 84 | 90 | 93 | 115 | 114 | |
| CWIP | 20 | 0 | 1 | 8 | 3 | 0 | 4 | 4 | 1 | 3 | 0 | 3 | 5 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 66 | 63 | 55 | 94 | 92 | 73 | 135 | 82 | 90 | 88 | 132 | 167 | 167 | |
| Total Assets | 196 | 185 | 169 | 206 | 205 | 177 | 243 | 185 | 175 | 181 | 226 | 285 | 286 |
Cash Flows
Figures in Rs. Crores
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 5 | 8 | -14 | 18 | 4 | -21 | 8 | 4 | 44 | 25 | 31 | |
| -21 | -7 | -3 | -7 | -7 | -3 | -6 | 11 | 3 | 91 | -14 | -12 | |
| 14 | 2 | -6 | 24 | -13 | -1 | 28 | -19 | -7 | -132 | -12 | -20 | |
| Net Cash Flow | -0 | -0 | 0 | 2 | -2 | 0 | 0 | -0 | -0 | 4 | -1 | -1 |
Ratios
Figures in Rs. Crores
| 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 | 17 | 25 | 23 | 64 | 60 | 35 | 49 | 32 | 34 | 14 | 20 | 30 |
| Inventory Days | 28 | 34 | 39 | 38 | 41 | 40 | 53 | 41 | 52 | 30 | 28 | 35 |
| Days Payable | 48 | 59 | 77 | 92 | 107 | 102 | 92 | 92 | 109 | 82 | 76 | 81 |
| Cash Conversion Cycle | -4 | -0 | -15 | 10 | -6 | -27 | 10 | -19 | -23 | -38 | -28 | -16 |
| Working Capital Days | -4 | -4 | -44 | -10 | -16 | -49 | -13 | -20 | -17 | -33 | -19 | -10 |
| ROCE % | -1% | -4% | -14% | -11% | -6% | -38% | 4% | -22% | -14% | 12% | 41% | 46% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
1 Feb - Resignation of Company Secretary and Compliance Officer.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Jan - Newspaper Publication Unaudited Financial Results for quarter and nine months ended December 31, 2024. Kindly take on record.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Jan - Newspaper Publication Unaudited Financial Results for quarter and nine months ended December 31, 2024. Kindly take on record.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On January 25, 2025
25 Jan - Board approved unaudited financial results for Q3 2024.
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Integrated Filing (Financial)
25 Jan - Board approved unaudited financial results for Q3 2024.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Product Portfolio
The company manufactures products like sheet metal stampings, welded assemblies, Battery tray assemblies, Aluminium Cooling Tubes and Heavy Fabricated Parts specifically designed for use in the Passenger and Commercial Vehicles segment, 2/3 Wheelers Segment, and off-road segment. [1]