Automobile Corporation of Goa Ltd - Stock Valuation and Financial Performance

BSE: 505036 | NSE: AUTOCORP | Auto Ancillary | Small Cap

Automobile Corp.Goa Share Price

2,149 -10.15 -0.47%
as on 19-Apr'24 16:01

DeciZen - make an informed investing decision on Automobile Corp.Goa

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Automobile Corporation of Goa stock performance -

mw4me loader
P/E Ratio (SA):
37.16
Market Cap:
1,307.4 Cr.
52-wk low:
770
52-wk high:
2,300

Is Automobile Corporation of Goa Ltd an attractive stock to invest in?

1. Is Automobile Corporation of Goa Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Automobile Corporation of Goa Ltd is a below average quality company.

2. Is Automobile Corporation of Goa Ltd undervalued or overvalued?

The key valuation ratios of Automobile Corporation of Goa Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Automobile Corporation of Goa Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Automobile Corporation of Goa Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Automobile Corp.Goa:

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.
Automobile Corporation of Goa 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 10.3%8.8%9.1%10.8%9.6%11.4%6.6%-6.8%3.9%10.8%-
Value Creation
Index
-0.3-0.4-0.4-0.2-0.3-0.2-0.5-1.5-0.7-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 303395417467489426333116282506538
Sales YoY Gr.-30.4%5.6%12.1%4.7%-12.9%-21.8%-65.3%143.5%79.7%-
Adj EPS 27.223.825.732.6303720.9-20.512.542.357.8
YoY Gr.--12.7%8.3%26.8%-8.2%23.5%-43.5%-198.1%NA238.5%-
BVPS (₹) 266.1271.9294.6306.2317.3327.6298.2273.9277.5318.1348.8
Adj Net
Profit
17.515.316.52119.323.812.7-12.57.625.735
Cash Flow from Ops. 101.231.419.539.7-4.721.5-20-28.6-4.3-
Debt/CF from Ops. 0.32.90.10.10.200-0.8-1.5-16.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 5.9%0.7%15%79.7%
Adj EPS 5%7.1%26.4%238.5%
BVPS2%0.1%2.2%14.7%
Share Price 23.1% 29.2% 76% 169.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
10.48.89.110.99.611.56.5-7.24.514.217.3
Op. Profit
Mgn %
84.65.86.55.97.43.7-18.62.56.17.6
Net Profit
Mgn %
5.83.944.53.95.63.8-10.82.75.16.5
Debt to
Equity
00000000.10.30.4-
Working Cap
Days
23721121517716919922354824617093
Cash Conv.
Cycle
2613810183245123544752

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 17.30%

Sales growth is growing at healthy rate in last 3 years 14.96%

Net Profit is growing at healthy rate in last 3 years 26.40%

Sales growth is good in last 4 quarters at 19.67%

No data to display

Latest Financials - Automobile Corporation of Goa Ltd.

Standalone Consolidated
TTM EPS (₹) 57.8 -
TTM Sales (₹ Cr.) 538 -
BVPS (₹.) 348.8 -
Reserves (₹ Cr.) 206 -
P/BV 6.16 -
PE 37.16 -
From the Market
52 Week Low / High (₹) 770.00 / 2300.00
All Time Low / High (₹) 2.18 / 2300.00
Market Cap (₹ Cr.) 1,307
Equity (₹ Cr.) 6.1
Face Value (₹) 10
Industry PE 47.3

Management X-Ray of Automobile Corp.Goa:

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

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Analyst's Notes

Key Ratios of Automobile Corp.Goa

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales303395417467489426333116282506
Operating Expenses 279377393437461395323137275475
Manufacturing Costs38485267675947142859
Material Costs20027828731233327521975200357
Employee Cost 30404246434746403947
Other Costs 101111121714128812
Operating Profit 24182430293110-22731
Operating Profit Margin (%) 8.0%4.6%5.8%6.5%5.9%7.4%2.9%-18.6%2.5%6.1%
Other Income 8778810101078
Interest 0000000000
Depreciation 5156555555
Exceptional Items 00001-4-10-63
Profit Before Tax 27242532333213-16337
Tax 9891113113-409
Profit After Tax 17151721202110-13328
PAT Margin (%) 5.8%3.9%4.0%4.5%4.1%4.9%3.0%-10.8%1.2%5.5%
Adjusted EPS (₹)27.223.825.732.631.432.516.4-20.55.745.7
Dividend Payout Ratio (%)55%63%58%54%56%54%61%0%0%38%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 171175189197204210182167169194
Share Capital 6666666666
Reserves 164168183190197204175161163188
Minority Interest0000000000
Debt2432600174272
Long Term Debt0000000000
Short Term Debt2432600174272
Trade Payables40696177726155345551
Others Liabilities 77918223292823141620
Total Liabilities 290338335299311300260231283336

Fixed Assets

Gross Block127133135125127127136136135139
Accumulated Depreciation63646863677176818590
Net Fixed Assets63696763595660555049
CWIP 41288870000
Investments 00003769110
Inventories25313454484740394051
Trade Receivables40544655586849247281
Cash Equivalents 422224122730
Others Assets15417017911713211193102103125
Total Assets 290338335299311300260231283336

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 101311940-521-20-29-4
PBT 27242532333213-16337
Adjustment -2-402-2-4-1-5-2-3
Changes in Working Capital -6-1015-321-21161-28-34
Tax Paid -9-8-9-12-12-12-60-2-5
Cash Flow From Investing Activity -59-19-5-292625-39-29
Capex -12-11-4-4-2-2-100-4
Net Investments 0200-3-4-100-17
Others 719-15-1-243128-39-8
Cash Flow From Financing Activity -11-10-12-14-10-20-39142528
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -9-11-11-13-13-13-13-30-2
Others -11-1-14-6-25172530
Net Cash Flow -6000028-106-5
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)10.428.839.0910.8710.0710.085.08-7.182.0515.36
ROCE (%)15.6713.6213.9616.716.2315.186.9-8.871.7415.61
Asset Turnover Ratio1.141.31.31.581.641.41.190.471.11.64
PAT to CFO Conversion(x)0.590.071.820.92-0.242.1N/A-9.67-0.14
Working Capital Days
Receivable Days494242374154641166255
Inventory Days252527323741471255133
Payable Days667183818289972168154

Automobile Corporation of Goa Ltd Stock News

Automobile Corporation of Goa Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Automobile Corp.Goa on 19-Apr-2024 16:01 is ₹2,149.
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 19-Apr-2024 16:01 the market cap of Automobile Corp.Goa stood at ₹1,307.4.
The latest P/E ratio of Automobile Corp.Goa as of 19-Apr-2024 16:01 is 37.16.
The latest P/B ratio of Automobile Corp.Goa as of 19-Apr-2024 16:01 is 6.16.
The 52-week high of Automobile Corp.Goa is ₹2,300 and the 52-week low is ₹770.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Automobile Corp.Goa is ₹537.8 ( Cr.) .

About Automobile Corporation of Goa Ltd

Automobile Corporation of Goa (ACGL), the first major engineering unit to be set up in Goa, a tiny but picturesque state of India, was jointly promoted in 1980 by Tata Motors (formerly known as Tata Engineering and Locomotive), the largest automobile manufacturer in the country and EDC (formerly known as Economic Development Corporation of Goa , Daman and Diu). Right from the inception, ACGL, with its emphasis on quality, safety, productivity and reliability in line with the Tata ethos has been endearing itself to its customers.

The company manufactures sheet metal components, assemblies and bus coaches at its factories situated at villages Honda and Bhuimpal, Goa. The company is in operation since 1982 and is a major supplier of pressings and assemblies to Tata Motors' Pune factory. To meet “Just In Time” supplies to the customer, the company has set up a press shop at Jejuri, Pune. The sheet metal division at its three units has high tonnage presses with an output of more than 17,620 tonnes that have ensured complete customer satisfaction.

In 1987, the company entered into a technical collaboration agreement with Fuji Heavy Industries, Japan, makers of Subaru car for various models of chassis mounted bus bodies and set up a full fledged bus body building division. The company had a further agreement with FHI to build Monocoque buses in 1995.

Excellent production facilities,highly skilled and continuously trained manpower of Engineers,Technicians and other staff have ensured world class products and services. In its quest towards business excellence , the company practices Integrated Management Systems including quality, environment,health and safety in all its operations.The company is professionally managed. The company’s shares are listed on The Stock Exchange, Mumbai.

 

Products:

1. Bus Body:

  • Luxury Buses
  • Standard Buses
  • Mini Buses
  • Utility Vehicles

2. Sheet Metal

Division:

  • Bus Body Building Division 
  • Sheet Metal division

 Certifications:

1. TUV INDIA on April 1998 gave ISO 9000:1994 certifications to its Sheet Metal Division.

2. RWTUV ANLAGENTECHNIK GMBH on March 2002 gave QS 9000 certification to its Sheet Metal Division.

3. TUV SUDDEUTSCHLAND on July 2005 gave TS 16949:2002 certification to its Sheet Metal Division.

4. Bhuimpal Pressing Unit was certified by INTERNATIONAL CERTIFICATION on Feb-2004 as ISO 9001:2000.

5. Bhuimpal Pressing Unit was certified by TUV SUDDEUTSCHLAND on July 2005 as TS 16949:2002.

6. Jejuri Pressing Unit was ISO 9001:2000 certified on April 2004 by INTERNATIONAL CERTIFICATION.

7. Jejuri Pressing Unit was certified as TS16949 Second Edition on February 2008 by BUREAU VERITAS CERTIFICATION.

8. Bus Body Division was certified as TS16949 Second Edition on Jun 2008 by BUREAU VERITAS CERTIFICATION.

 

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