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BSE: 520119 | NSE: ASAL | Auto Ancillary | Small Cap
1. Is Automotive Stampings and Assemblies Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Automotive Stampings and Assemblies Ltd is a below average quality company.
2. Is Automotive Stampings and Assemblies Ltd undervalued or overvalued?
The key valuation ratios of Automotive Stampings and Assemblies Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
3. Is Automotive Stampings and Assemblies Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Automotive Stampings and Assemblies Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘValue Creation Index Colour Code Guide ⓘ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | |||
| ROCE % ⓘ | -1% | -2.9% | -14.9% | -13.4% | -5% | -41.7% | -1.7% | -20.7% | -21.7% | 54.4% | - | ||
| Value Creation Index ⓘ | -1.1 | -1.2 | -2.1 | -2.0 | -1.4 | NA | NA | NA | NA | NA | - | ||
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ |
|||||||||||||
| Sales ⓘ | 465 | 342 | 291 | 263 | 304 | 331 | 482 | 362 | 339 | 608 | 723 | ||
| YoY Gr. Rt. % | - | -26.5% | -15% | -9.5% | 15.7% | 8.8% | 45.6% | -24.8% | -6.4% | 79.2% | - | ||
| Adj EPS ⓘ | -2.8 | -5.3 | -14.6 | -13.6 | -7.6 | -29.3 | -8.2 | -20.2 | -18.7 | 6.4 | 39 | ||
| YoY Gr. Rt. % | - | NA | NA | NA | NA | NA | NA | NA | NA | NA | - | ||
| BVPS (₹) ⓘ | 46.7 | 41.5 | 26.8 | 13.3 | 11.1 | -18.2 | -26.2 | -37.1 | -55.9 | -22.5 | -22.1 | ||
| Adj Net Profit ⓘ | -4.5 | -8.4 | -23.1 | -21.6 | -12.1 | -46.5 | -13.1 | -32 | -29.6 | 10.1 | 62 | ||
| Cash Flow from Ops. ⓘ | 7 | 5.4 | 8.5 | -14.1 | 18 | 4.1 | -21.5 | 8.1 | 4.2 | 43.8 | - | ||
| Debt/CF from Ops. ⓘ | 7.5 | 11.4 | 7.6 | -6.9 | 5.2 | 25.2 | -6.8 | 18 | 37.2 | 1 | - | ||
CAGR ⓘCAGR Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
| Sales ⓘ | 3% | 14.9% | 8.1% | 79.2% | ||||||||
| Adj EPS ⓘ | NA | NA | NA | NA | ||||||||
| BVPS ⓘ | -192.2 | -215.3 | 0 | 0 | ||||||||
| Share Price | 24.2% | 41.7% | 132.3% | 645.2% | ||||||||
Key Financial Parameters ⓘPerformance Ratio Colour Code Guide ⓘ |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar'13 | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | TTM | ||
| Return on Equity % ⓘ | -5.9 | -12 | -42.7 | -67.9 | -62.5 | 819.9 | 37.1 | 63.7 | 40.2 | -16.3 | -175 | |
| Op. Profit Mgn % ⓘ | 2.9 | 2.8 | -2.2 | -1.2 | 0.3 | -7.6 | 2.4 | -2.6 | 0 | 2.6 | 2.8 | |
| Net Profit Mgn % ⓘ | -1 | -2.5 | -8 | -8.2 | -4 | -14.1 | -2.7 | -8.8 | -8.7 | 1.7 | 8.6 | |
| Debt to Equity ⓘ | 0.7 | 0.9 | 1.5 | 4.6 | 5.3 | -3.6 | -3.5 | -2.5 | -1.8 | -1.2 | - | |
| Working Cap Days ⓘ | 46 | 62 | 67 | 92 | 101 | 89 | 78 | 109 | 94 | 53 | 0 | |
| Cash Conv. Cycle ⓘ | 2 | 8 | 12 | 19 | 18 | 8 | 6 | 13 | -3 | -1 | 0 | |
Sales growth is good in last 4 quarters at 77.46%
Return on Equity is Poor
Sales growth has been subdued in last 3 years 8.05%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 39 | - |
| TTM Sales (₹ Cr.) | 723 | - |
| BVPS (₹.) ⓘ | -22.1 | - |
| Reserves (₹ Cr.) ⓘ | -51 | - |
| P/BV ⓘ | -18.49 | - |
| PE ⓘ | 10.46 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 47.70 / 923.85 |
| All Time Low / High (₹) | 2.56 / 923.85 |
| Market Cap (₹ Cr.) | 647 |
| Equity (₹ Cr.) | 15.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 40 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Automotive Stampings and Assemblies is a TACO group company, incorporated as a Public Limited Company under the Companies Act, 1956 on March 13, 1990 as JBM Tools Limited and subsequently, on August 1, 2003 the name was changed to Automotive Stampings and Assemblies Limited. Presently, TACO holds 75% stake in the Company and balance 25% is held by the Public. The shares of the Company are listed on NSE and BSE.
The company is a manufacturer and supplier of sheet metal components, welded assemblies and modules for automobiles. The product range includes Body-In-White (BIW) structural panels, Skin panels, Fuel tanks, Oil sumps & Suspension parts, mainly for passenger and commercial vehicles.
Business area of the company
The company is into the production of a wide range of sheet metal components for the automotive industry. Its product mix can be broadly classified into three categories: (i) Structural Panels and Skin Panels for the vehicle body (BIW) (ii) Modules and Aggregates including Chassis sub-assemblies (Under body) (iii) Oil Sumps and Fuel tanks. Its products mainly cater to passenger and commercial vehicles. The company also manufactures sheet metal components for tractors.
The company’s customers are some of the prestigious vehicle manufacturers like Tata Motors, General Motors India, Fiat India Automobiles, Piaggio Vehicles and John Deere Equipment. It also export the products to Ford Motor Company (UK).
The company has four plants located at Bhosari (Maharashtra), Chakan (Maharashtra), Halol (Gujarat) and Pantnagar (Uttarakhand). The Pantnagar plant with 17,000 MT pressing capacity is the Greenfield project which started operations in 2008-09.
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