Autoline Industries Ltd Stock Analysis

BSE: 532797 | NSE: AUTOIND | Auto Ancillary | Small Cap

BSE Share Price 29-Mar-2023 18:02
72.19 7.56 (11.70%)

DeciZen - Make an Informed Decision on Autoline Inds

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation


3. Price Trend

Semi Strong

Autoline Inds Price Chart

P/E Ratio ( SA) :
Market Cap :
281.3 Cr.
52-wk low :
52-wk high :
Bole Toh?

1. Is Autoline Industries Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Autoline Industries Ltd is a below average quality company.

2. Is Autoline Industries Ltd undervalued or overvalued?

The key valuation ratios of Autoline Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Autoline Industries Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Autoline Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Autoline Inds:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Autoline Industries Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 4.4%-7.3%-11.3%-9.2%-7.2%-11%-2.9%-16%-9%9%-
Value Creation Index -0.7-1.5-1.8-1.7-1.5-1.8-1.2-2.1-1.6-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 573397362311359385452316284566684
YoY Gr. Rt. %--30.8%-8.9%-14%15.5%7.1%17.6%-30.1%-10.2%99.3%-
Adj EPS -3.2-42.8-49.7-36.5-29.3-27.4-12.9-23.1-13.116.2
BVPS (₹) 186.8142.5115.983.736.122.332.27.91.710.915.4
Adj Net Profit -3.9-52.5-61.4-48.4-47-57.5-35-62.5-40.43.724
Cash Flow from Ops. 31.1-2.623.2-1.544.1-8.9231712.1-51.8-
Debt/CF from Ops. 7.4-77.27.9-130.75.1-289.310.615.8-4.5-


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.1%9.5%7.8%99.3%
BVPS -27.1-21.3-30.3532
Share Price 1.4% 3.2% 95.6% 35.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % -1.7-25.6-38.1-37.7-54.9-107.3-50.6-108.9-262.214.846.8
Op. Profit Mgn % 6.50-4.4-0.41.8-0.72-3.53.387
Net Profit Mgn % -0.7-13.2-17-15.5-13.1-15-7.7-19.8-
Debt to Equity
Working Cap Days 1071321151321251251261631441040
Cash Conv. Cycle 17221321147555027400

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 46.80%

Debt to equity has declined versus last 3 years average to 5.63

Sales growth is good in last 4 quarters at 49.27%

Sales growth has been subdued in last 3 years 7.80%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Autoline Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 6.2 6.7
TTM Sales (₹ Cr.) 684 689
BVPS (₹.) 15.4 20.4
Reserves (₹ Cr.) 21 41
P/BV 4.68 3.53
PE 11.72 10.79
From the Market
52 Week Low / High (₹) 50.95 / 125.50
All Time Low / High (₹) 9.20 / 463.00
Market Cap (₹ Cr.) 281
Equity (₹ Cr.) 39
Face Value (₹) 10
Industry PE 31.2

Management X-Ray of Autoline Inds :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *13.3213.3213.3212.690.
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Autoline Inds

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


Autoline Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Autoline Inds on 29-Mar-2023 18:02 is : 72.19.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 29-Mar-2023 18:02 the market cap of Autoline Inds stood at ₹ 281.3.
The latest PE ratio of Autoline Inds as of 29-Mar-2023 18:02 is 11.72.
The latest PB ratio of Autoline Inds as of 29-Mar-2023 18:02 is 4.68
The 52-week high of Autoline Inds is ₹ 125.5 and the 52-week low is ₹ 50.95.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Autoline Inds is ₹ 684.0 ( Cr.) .

About Autoline Industries Ltd

Autoline Industries (AIL) was incorporated on December 16, 1996, as Autoline Stampings. It was initially set up in January 1995 as a partnership firm known as Autoline Pressings under the Indian Partnership Act 1932, with a capital of Rs 0.30 million and term loan of Rs 0.15 million from State Bank of India and Cash Credit limit of Rs 0.05 million.

AIL has grown into a medium sized engineering and auto ancillary company manufacturing sheet metal components, sub-assemblies and assemblies for large OEMs in the automobile industry.

August 2004 was major turning point in Autoline's history. Tata Motors was looking to entrust the manufacture of the load body of their new mini truck to someone whose capabilities they believed in. It was a challenge, no doubt, to its highly skilled yet small team that had hitherto handled designs and manufacture of small and medium assemblies. However, being a team that enjoys challenges, Autoline got cracking and tackled the job so efficiently that in precisely 20 weeks, the first mini truck model named 'Ace' load body came off the assembly and six months later a 200 strong workforce was rolling out 150 load bodies in a three-shift day, as Ace became a runway success, six months down the line another fully automated line had to be set up to meet the demand of 300 units per day.

AIL is exporting auto parts i.e. brake shoes for Mercedes Benz trailers to Saudi Arabia, Dubai, etc. Further negotiations are at various stages with various Detroit-based auto component makers for direct exports. Due to excellent quality in work, cost competitiveness, timely deliveries and state-of-the-art Tool Room with latest CAD / CAM facilities, the company has, in a short span, become prime vendor to all the reputed Auto Manufacturers in and around Pune.

Business area of the company

The company is engaged in manufacturing of various auto parts/sheet metal components for passenger cars, sports utility vehicles (SUV), commercial vehicles, two-wheelers, three-wheelers, tractors, etc.

Subsidiaries of the company

  • Western Pressing
  • Autoline Dimensions Software
  • Union Autoline Spare Parts LLC, UAE
  • DEP Autoline INC. USA
  • Autoline Industries USA INC.
  • Nirmiti Auto Components


  • January 1995: Set up the first manufacturing facility at Kudalwadi, Chikhali, Pune with one 150 T ‘C’ frame press and supporting machinery on a built-up shed of 3000 sq ft area. Doing job work as Tier III supplier
  • June 1996: Obtained the Vendor Code for direct supplies to Bajaj Auto.
  • September 1996: Obtained the Vendor Code for direct supplies to Tata Motors. (then TELCO)
  • December 1996: Converted the partnership firm into a private limited company
  • June 1997: Expanded the facilities at Kudalwadi by acquiring adjacent land, adding 250/300 T press, setting quality systems, etc. for supplies to Bajaj Auto, Tata Motors and Kinetic Engg.
  • January 1998: Received ‘CQ’ certification from Tata Motors for supplying on “DSL” basis (Direct Supply Online, without inspection at OEM)
  • March 1997 to October 1998: Set up second manufacturing facility at Chakan with presses ranging from 250 T to 600 T and supporting facilities for Tata Motors prestigious “Indica” car project on the basis of Letter of Intent
  • August 1999: Set up a tool room at Chakan.  Imported Hartford CNC vertical milling centre and bought other sophisticated machines locally.
  • December 1999: Set up CAD/CAM facilities with the latest software available for tool making.
  • April 2001: Took over Amogh Engineers, a Rs 40 million company manufacturing brake assembly for Tata Motors 407/709 models and also entered into export of brake shoes to UAE, Singapore, Germany, etc.(since merged with AIL).
  • September 2002: Received QS 9000/ISO 9002: 1994 certification from TUV(Rh), Germany for Chakan Plant.
  • June 2003: Took over smaller pressing companies (Tier II and III) locally supplying to Tata Motors with their dies and tools.
  • December 2003: Set up third manufacturing unit at MIDC, Bhosari on 54,000 sq ft land with a modern light press shop facilities (Press Range 40 T to 300 T) for small and medium components for Bajaj Auto, Tata Motors, Walker Exhaust, Kinetic, etc.
  • February 2004: Obtained a term loan from a nationalized bank and shifted its banking operations from a co-operative bank to a large bank in the public sector.
  • March 2004: The company achieved a turnover of Rs 510 million in 2003-04, registering a hefty growth of 87% over previous year.
  • August 2004: Load body for Tata Motors prestigious “Ace” mini truck model awarded to company as a single source supplier, to make large sized floor dies in-house.
  • October 2004: Chakan unit gets ISO/ TS 16949: 2002 certification from TUV (Rh), Germany one among the 40 companies then all over India
  • December 2004: Purchased 15 acres of land in Chakan prime area near to existing factory for future expansion
  • February 2005: Bhosari unit gets ISO/TS 16949: 2002 certification from TUV (Rh), Germany
  • August 2005: Duke Special Opportunities Fund, a private equity investor, invests in company
  • November 2005: Acquired as a wholly-owned subsidiary Western Pressing, a company manufacturing tubular cross members, silencers and exhaust systems thus is getting into proprietary products. Turnover of Rs 140 million in 2005-06.
  • March 2006: Acquired 51% stake in Dimensions Engineering Software Services, a company with 40 people into CAD/CAM/CAE and design engineering services making AIL a “Concept to Delivery” company.
  • September, 2006: Filed Draft Red Herring Prospectus with Securities and Exchange Board of India
  • November, 2006: Crossed Turnover of Rs 111 crore achieved in full financial year 2005-06
  • January,2007: Launched its Initial Public Offering (IPO) and listed in Bombay 
  • March 2007: Commenced commercial production of skin panel like door assembly at Chakan Unit II
  • March 2007: 100% acquisition of Autoline Dimensions Software.
  • March 2007: Closed financial year with turnover of Rs 210 crore.
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