Automotive Stampings and Assemblies Ltd Stock Analysis

BSE: 520119 | NSE: ASAL | Auto Ancillary | Small Cap

BSE Share Price Aug 19, 18:03
407.65 -4.35 (-1.06%)

DeciZen - Make an Informed Decision on Automot. Stamp&Assem

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Automot. Stamp&Assem Price Chart

P/E Ratio (SA) :
10.46
Market Cap :
646.7 Cr.
52-wk low :
47.7
52-wk high :
923.9
Bole Toh?

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.

10 Year X-Ray of Automot. Stamp&Assem:

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.
Automotive Stampings and Assemblies 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -1%-2.9%-14.9%-13.4%-5%-41.7%-1.7%-20.7%-21.7%54.4%-
Value Creation Index -1.1-1.2-2.1-2.0-1.4NANANANANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 465342291263304331482362339608723
YoY Gr. Rt. %--26.5%-15%-9.5%15.7%8.8%45.6%-24.8%-6.4%79.2%-
Adj EPS -2.8-5.3-14.6-13.6-7.6-29.3-8.2-20.2-18.76.439
YoY Gr. Rt. %-NANANANANANANANANA-
BVPS (₹) 46.741.526.813.311.1-18.2-26.2-37.1-55.9-22.5-22.1
Adj Net Profit -4.5-8.4-23.1-21.6-12.1-46.5-13.1-32-29.610.162
Cash Flow from Ops. 75.48.5-14.1184.1-21.58.14.243.8-
Debt/CF from Ops. 7.511.47.6-6.95.225.2-6.81837.21-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 3%14.9%8.1%79.2%
Adj EPS NANANANA
BVPS -192.2-215.300
Share Price 24.2% 41.7% 132.3% 645.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -5.9-12-42.7-67.9-62.5819.937.163.740.2-16.3-175
Op. Profit Mgn % 2.92.8-2.2-1.20.3-7.62.4-2.602.62.8
Net Profit Mgn % -1-2.5-8-8.2-4-14.1-2.7-8.8-8.71.78.6
Debt to Equity 0.70.91.54.65.3-3.6-3.5-2.5-1.8-1.2-
Working Cap Days 46626792101897810994530
Cash Conv. Cycle 281219188613-3-10

Recent Performance Summary

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%

Latest Financials - Automotive Stampings and Assemblies Ltd.

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

Management X-Ray of Automot. Stamp&Assem :

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

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Key Ratios of Automot. Stamp&Assem

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

News

About Automotive Stampings and Assemblies Ltd

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.

Product Categories

  • Skin parts of car 
  • Body in White Components
  • Under Body members
  • Fuel Tanks
  • Chassis and Suspension parts
  • Wheel Housing
  • Oil Sumps
  • Other Products

Clientele

  • Tata Motors Ltd. 
  • Fiat India Pvt Ltd. 
  • Mahindra & Mahindra Tractor Division 
  • John Deere Pvt Ltd. 
  • Piaggio India Ltd.   
  • General Motors India Ltd.  
  • Gujrat Setco Ltd.   
  • FORD   
  • John Deere USA. 
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