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Autolite (India) Ltd Stock Analysis

Small Cap
Evaluated by 280 users | BSE: 500029 | NSE: AUTOLITIND |
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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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 3.56%4.87%6.23%5.56%5.12%7.57%7.65%5.03%4.71%4.65%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 90.3108121113114122128114125120
Y-o-Y Gr. Rt.-19.7%12.1%-6.3%0.2%7%5.3%-11.2%9.7%-3.6%
Adjusted EPS (Rs.) -0.370.370.930.450.340.510.490.170.120.17
Y-o-Y Gr. Rt.-NA151.4%-51.6%-24.4%50%-3.9%-65.3%-29.4%41.7%
Book Value per Share (Rs.) 31.0431.2830.6731.4533.4130.0833.6434.7935.4836.09
Adjusted Net Profit -0.40.40.90.40.30.50.50.20.10.2
Net Op. Cash Flow (Rs. Cr.) 2.37.22.16.54.4-3.8-2.61111.812.7
Debt to Cash Flow from Ops 8.391.965.622.283.79-6-13.583.243.042.62
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Autolite (India) Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 3.2%1.1%-2.1%-3.6%
Adjusted EPS NA-12.9%-29.7%41.7%
Book Value per Share 1.71.62.41.7
Share Price 4.5% -14.9% -30.3% 44.7%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) -1.151.152.851.361.031.611.450.490.350.46
Operating Profit Margin (%) 3.76.436.034.225.245.457.466.875.676.99
Net Profit Margin (%) -0.380.320.720.380.290.440.410.170.110.15
Debt to Equity 0.650.470.410.50.510.720.990.910.90.82
Working Capital Days 121133127136149160167190189205
Cash Conversion Cycle -20815385770949696
Entity Percentage Holding
Promoters 54.15%
Institutions 0.39%
Non-Institutions 45.46%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Autolite (India) Ltd's performance infers:

Autolite (India) Ltd earnings have declined by -12.9%, whereas share price has depreciated -14.9% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Autolite (India) Ltd share prices over the last 10 years. Here is what we found out:

Autolite (India) Ltd share price has depreciated 1.6% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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