Autolite (India) Ltd Stock Analysis

BSE: 500029 | NSE: AUTOLITIND | Auto Ancillary | Small Cap

BSE Share Price Oct 04, 18:01
15.10 0.00 (0.00%)

DeciZen - Make an Informed Decision on Autolite India

M-Cap below 100cr DeciZen not available

FAQs

1. Is Autolite (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Autolite (India) Ltd is a below average quality company.

2. Is Autolite (India) Ltd undervalued or overvalued?

The key valuation ratios of Autolite (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Autolite (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Autolite (India) 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 Autolite India:

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.
Autolite (India) 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

Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19TTM
ROCE % 3.6%4.9%6.2%5.6%5.1%7.6%7.7%5%4.7%4.7%-
Value Creation Index -0.8-0.7-0.6-0.6-0.6-0.5-0.5-0.6-0.7-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 90.310812111311412212811412512031
YoY Gr. Rt. %-19.7%12.1%-6.3%0.2%7%5.3%-11.2%9.7%-3.6%-
Adj EPS -0.40.40.90.50.30.50.50.20.10.2-20.3
YoY Gr. Rt. %-NA151.4%-51.6%-24.4%50%-3.9%-65.3%-29.4%41.7%-
BVPS (₹) 3131.330.731.533.430.133.634.835.536.113.8
Adj Net Profit -0.40.40.90.40.30.50.50.20.10.2-23
Cash Flow from Ops. 2.37.22.16.54.4-3.8-2.61111.812.7-
Debt/CF from Ops. 8.425.62.33.8-6-13.63.232.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3.2%1.1%-2.1%-3.6%
Adj EPS NA-12.9%-29.7%41.7%
BVPS 1.71.62.41.7
Share Price -1.1% -24.9% -16.8% -12%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19TTM
Return on Equity % -1.21.22.91.411.61.50.50.40.5-81.2
Op. Profit Mgn % 3.76.464.25.25.57.56.95.77-48.5
Net Profit Mgn % -0.40.30.70.40.30.40.40.20.10.2-74.2
Debt to Equity 0.70.50.40.50.50.710.90.90.8-
Working Cap Days 1211331271361491601671901892050
Cash Conv. Cycle -208153857709496960

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 0.82

Return on Equity is Poor

Sales growth has been subdued in last 3 years -2.06%

Sales growth is not so good in last 4 quarters at -61.41%

Latest Financials - Autolite (India) Ltd.

Standalone Consolidated
TTM EPS (₹) -20.3 -3.6
TTM Sales (₹ Cr.) 30.6 105
BVPS (₹.) 13.8 0
Reserves (₹ Cr.) 4 4
P/BV 1.09 0.00
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 14.27 / 17.75
All Time Low / High (₹) 3.45 / 275.00
Market Cap (₹ Cr.) 16.9
Equity (₹ Cr.) 11.2
Face Value (₹) 10
Industry PE 34.1

Management X-Ray of Autolite India :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Login/Register to view analysis.

News

About Autolite (India) Ltd

Autolite India was established in the year 1970. Its plants are located in Sitapur and Vishwakarma Industrial Area, Rajasthan. The company set up a wholly-owned subsidiary in the US at Delaware, Texas, called Autopal.

The company was formed with the objective to design, manufacture and market automotive lighting products globally.

The company is amongst few in the world, which has installed Computerized Photometry Testing Equipments (LMT), CNC, CAD, CAM design and tool manufacturing facilities Catia and Pro-E Softwares. Its testing laboratory is recognized by Govt. of India and equipped with all the facilities to test all the products as per SAE, ECE, ARAI standards.

More than 70% business volume comes from the overseas market spread across more than 70 countries in America, Europe, Asia and Africa. The company caters to major OEMs in India and has received most preferred status in the Indian market.

The company has been following international quality management systems since its inception, accredited with ISO-9001: 2000 and now the company has been recommended for TS 16949 to IATF. The quality of the products have further been upgraded in line with the world class quality parameters and thrust is to achieve ‘0’ p.p.m. level.

Product range offered:

The current product range includes:

  • Head Lamps
  • Auxiliary Lamps,
  • Work Lamps
  • Automotive Horns
  • Halogen Bulbs
  • Miniature Bulbs
  • Incandescent  Bulbs
  • International packaging
  • Rubber Body Lamps
  • Rubber Housing 

Clientele:

  • Maruti Suzuki
  • LCV manufacturers
  • Premier Auto
  • Hindustan Motors
  • Escorts
  • Yamaha
  • BEML

History of the company:

1970 - Year of establishment.

1974 - Establishment of In-house R&D.

1977 - First time export of auto headlamps from India.

1982 - Converted Into a public limited company.

1989 - Set up a 100% export oriented unit.

1992 - Development of halogen lamp manufacturing machinery.

1995 - Conferred IS0 9002 system certification.

1995-96 - Recognition of R&D laboratory by government of India.

1996 - Installed most modern CNC, CAD, CAM, CAE product designing and tool manufacturing facilities.

1997 - Testing laboratory recognised by TUV Germany.

1997-98- Development of rear cornering lamp with free form technology for the first time in India for General Motors USA's GMX-130 Pontiac car , For this, the company received the ACMA technology award.

1998 - Conferred QS-9000.

1999 - Installed Catia Froe Software at its designing centre.

2001 - Development of in-house technology for manufacturing multi-surface reflector lights (MSR).

2010 - Autolite India recognized as Star Export House Status by Ministry of Commerce & Industry Govt. of India.

2012 - All main production units accredited for E1 Compliant Production by TUV

Awards & Certification:

The company has received more than 40 awards in recognition of its outstanding performance in various areas of operation. Some of which are listed here:

  • ACME Technology Award in 1998.
  •  Maruti-Suzuki Vendor Performance Award in 1998.
  • ACMA Export for Export Excellence in 1996.
  • State award for export excellence in 1996.
  • National Productivity Award in 1995.
  • ACMA Certificate of Merit in 1995.
  • ACMA Best Export Performance Award in 1993.
  • Udyog Ratna Award in 1993.
  • EEPC - Export Excellence Award in 1999-2000.
  • EEPC - Export Excellence Award in 1993.
  • EEPC - Export Excellence Award in 1992.
  •  Government of India Certificate of Merit in 1992.
  • ACME Best Export Performance Award in 1992.
  • EEPC Export Excellence Award in 1990.
  • ACMA Best Export Performance Award in 1988.
  • IMM - BATA Award in 1988 by the President of India.
Read More Read Less