Automotive Stampings & Assemblies Ltd

Automotive Stamp Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Automotive Stampings & Assemblies Ltd

₹ 633 1.97%
22 Nov - close price
autostampings.com BSE: 520119 NSE: ASAL
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 1,004 Cr.
  • Current Price ₹ 633
  • High / Low ₹ 1,095 / 391
  • Stock P/E 48.6
  • Book Value ₹ 0.30
  • Dividend Yield 0.00 %
  • ROCE 46.2 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 28.7% CAGR over last 5 years

Cons

  • Stock is trading at 2,091 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

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Quarterly Results

Figures in Rs. Crores

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
147.92 162.26 203.33 209.08 215.94 193.10 210.11 219.16 212.25 216.44 232.48 191.95 197.11
142.69 155.81 200.87 203.05 207.83 184.81 200.02 208.13 200.72 204.05 216.62 179.66 185.75
Operating Profit 5.23 6.45 2.46 6.03 8.11 8.29 10.09 11.03 11.53 12.39 15.86 12.29 11.36
OPM % 3.54% 3.98% 1.21% 2.88% 3.76% 4.29% 4.80% 5.03% 5.43% 5.72% 6.82% 6.40% 5.76%
1.81 0.33 63.61 0.63 0.53 0.44 0.74 0.16 0.07 0.21 0.46 0.08 1.58
Interest 4.14 3.70 2.71 2.69 3.00 3.11 3.91 3.63 3.65 3.69 4.25 3.63 3.77
Depreciation 2.50 2.69 3.04 3.24 3.46 3.58 3.54 3.73 3.97 4.17 4.45 4.75 4.89
Profit before tax 0.40 0.39 60.32 0.73 2.18 2.04 3.38 3.83 3.98 4.74 7.62 3.99 4.28
Tax % 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%
0.40 0.39 60.32 0.74 2.18 2.04 3.37 3.83 3.99 4.74 7.62 3.99 4.28
EPS in Rs 0.25 0.25 38.02 0.47 1.37 1.29 2.12 2.41 2.52 2.99 4.80 2.52 2.70
Raw PDF

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
465 342 290 263 304 331 482 362 339 608 828 880 838
451 332 297 266 303 356 470 372 339 592 796 830 786
Operating Profit 14 10 -6 -3 1 -25 12 -10 0 16 33 51 52
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 2
Interest 5 7 8 9 9 11 16 17 18 15 13 15 15
Depreciation 15 15 10 10 9 10 10 11 11 11 14 16 18
Profit before tax -6 -12 -24 -21 -3 -47 -13 -17 -30 52 8 20 21
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 21
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 13.01
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: 0%
Compounded Profit Growth
10 Years: 16%
5 Years: 29%
3 Years: 39%
TTM: 56%
Stock Price CAGR
10 Years: 28%
5 Years: 82%
3 Years: 53%
1 Year: 42%
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%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 0.09% 0.01%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00%
25.00% 25.00% 25.00% 25.01% 25.00% 25.00% 25.00% 25.01% 25.00% 24.92% 24.93% 24.98%
No. of Shareholders 16,18727,49532,68433,82434,77334,22333,07732,40631,12529,99233,69135,395

* 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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