SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Amtek Auto eyeing acquisition in automotive component space

22 Dec 2011 Evaluate

Amtek Auto, India’s second-largest forgings company, in a bid to expand its footprint, is eyeing for an acquisition in forging space. The company is keen to cash in the opportunity of economic slowdown in India and Europe by bidding for assets at cheaper price. The group has cash reserves of close to Rs 1,500 crore which could be used as the basis to acquire forging, machining and casting businesses.

Amtek is one of the largest suppliers of automotive components to auto companies such as Tata Motors, Maruti Suzuki and Hyundai. It is also the first automotive component maker to foray into vehicle manufacturing. Amtek operates 43 manufacturing facilities in India and abroad. The project is expected to start with the medical vehicle segment and will have high localization.

The company’s net profit for the quarter ended September 30, 2011 has declined marginally by 3.41% at Rs 52.69 crore as compared to Rs 54.55 crore for the corresponding quarter of the previous year. The company’s total income has increased by 27.81% at Rs 569.70 crore for the quarter under review from Rs 445.75 crore for the corresponding quarter of the previous year.

Peers
Company Name CMP
AIA Engineering 4081.65
Alicon Castalloy 697.90
Nelcast 130.30
Steelcast 290.65
Synergy Green Inds. 543.80
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×