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BSE: 520119 | NSE: ASAL | Auto Ancillary | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Automotive Stampings and Assemblies Ltd is a average quality company.
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.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Automotive Stampings and Assemblies Ltd is likely to Rise 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.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -2.9% | -14.9% | -13.4% | -5% | -41.7% | -1.7% | -20.7% | -21.7% | 54.4% | 133.6% | - |
| Value Creation Index ⓘ | -1.2 | -2.1 | -2.0 | -1.4 | NA | NA | NA | NA | 2.9 | 8.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 342 | 291 | 263 | 304 | 331 | 482 | 362 | 339 | 608 | 828 | 858 |
| Sales YoY Gr. | - | -15% | -9.5% | 15.7% | 8.8% | 45.6% | -24.8% | -6.4% | 79.2% | 36.3% | - |
| Adj EPS ⓘ | -5.3 | -14.6 | -13.6 | -7.6 | -29.3 | -8.2 | -20.2 | -18.7 | 6.4 | 5.3 | 10 |
| YoY Gr. | - | NA | NA | NA | NA | NA | NA | NA | NA | -17.7% | - |
| BVPS (₹) ⓘ | 41.5 | 26.8 | 13.3 | 11.1 | -18.2 | -26.2 | -37.1 | -55.9 | -22.5 | -17.2 | -9.3 |
| Adj Net Profit ⓘ | -8.4 | -23.1 | -21.6 | -12.1 | -46.5 | -13.1 | -32 | -29.6 | 10.1 | 8.3 | 16 |
| Cash Flow from Ops. ⓘ | 5.4 | 8.5 | -14.1 | 18 | 4.1 | -21.5 | 8.1 | 4.2 | 43.8 | 25 | - |
| Debt/CF from Ops. ⓘ | 11.4 | 7.6 | -6.9 | 5.2 | 25.2 | -6.8 | 18 | 37.2 | 1 | 1.8 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 10.3% | 20.2% | 31.7% | 36.3% | ||||
| Adj EPS ⓘ | NA | NA | NA | -17.7% | ||||
| BVPSⓘ | -190.7% | NA | NA | NA | ||||
| Share Price | 35.9% | 68.4% | 187.8% | 140.7% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -12 | -42.7 | -67.9 | -62.5 | 819.9 | 37.1 | 63.7 | 40.2 | -16.3 | -26.4 | -75.6 |
| Op. Profit Mgn % ⓘ | 2.8 | -2.2 | -1.2 | 0.3 | -7.6 | 2.4 | -2.6 | 0 | 2.6 | 3.9 | 5.3 |
| Net Profit Mgn % ⓘ | -2.5 | -8 | -8.2 | -4 | -14.1 | -2.7 | -8.8 | -8.7 | 1.7 | 1 | 1.9 |
| Debt to Equity ⓘ | 0.9 | 1.5 | 4.6 | 5.3 | -3.6 | -3.5 | -2.5 | -1.8 | -1.2 | -1.7 | - |
| Working Cap Days ⓘ | 62 | 67 | 92 | 101 | 89 | 78 | 109 | 94 | 53 | 48 | 31 |
| Cash Conv. Cycle ⓘ | 8 | 12 | 19 | 18 | 8 | 6 | 13 | -3 | -1 | 2 | -18 |
Sales growth is growing at healthy rate in last 3 years 31.72%
Return on Equity is Poor
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 4.63%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 10 | - |
| TTM Sales (₹ Cr.) | 858 | - |
| BVPS (₹.) ⓘ | -9.3 | - |
| Reserves (₹ Cr.) ⓘ | -31 | - |
| P/BV ⓘ | -80.04 | - |
| PE ⓘ | 74.35 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 296.00 / 823.60 |
| All Time Low / High (₹) | 2.56 / 923.85 |
| Market Cap (₹ Cr.) | 1,184 |
| Equity (₹ Cr.) | 15.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 47.2 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 342 | 291 | 263 | 304 | 331 | 482 | 362 | 339 | 608 | 828 |
| Operating Expenses ⓘ | 332 | 297 | 266 | 303 | 356 | 470 | 372 | 339 | 592 | 796 |
| Manufacturing Costs | 22 | 21 | 20 | 32 | 42 | 53 | 39 | 35 | 50 | 66 |
| Material Costs | 260 | 226 | 195 | 219 | 261 | 362 | 279 | 258 | 491 | 666 |
| Employee Cost | 40 | 41 | 41 | 36 | 35 | 38 | 34 | 29 | 31 | 40 |
| Other Costs ⓘ | 10 | 9 | 9 | 15 | 19 | 18 | 19 | 17 | 20 | 23 |
| Operating Profit ⓘ | 10 | -6 | -3 | 1 | -25 | 12 | -10 | 0 | 16 | 33 |
| Operating Profit Margin (%) | 2.8% | -2.2% | -1.2% | 0.3% | -7.6% | 2.4% | -2.6% | 0.0% | 2.6% | 3.9% |
| Other Income ⓘ | 0 | 0 | 1 | 2 | 0 | 2 | 0 | 0 | 2 | 2 |
| Interest ⓘ | 7 | 8 | 9 | 9 | 11 | 17 | 17 | 18 | 15 | 13 |
| Depreciation ⓘ | 15 | 10 | 10 | 9 | 10 | 10 | 11 | 11 | 11 | 14 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 13 | 0 | 0 | 21 | 0 | 60 | 0 |
| Profit Before Tax ⓘ | -12 | -24 | -21 | -3 | -47 | -13 | -17 | -30 | 52 | 8 |
| Tax ⓘ | -4 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -8 | -23 | -21 | -3 | -47 | -13 | -17 | -30 | 52 | 8 |
| PAT Margin (%) | -2.4% | -8.0% | -7.9% | -0.9% | -14.1% | -2.6% | -4.7% | -8.8% | 8.6% | 1.0% |
| Adjusted EPS (₹) | -5.2 | -14.6 | -13.1 | -1.8 | -29.4 | -8.0 | -10.7 | -18.7 | 33.0 | 5.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 66 | 42 | 21 | 18 | -29 | -42 | -59 | -89 | -36 | -27 |
| Share Capital ⓘ | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves ⓘ | 50 | 27 | 5 | 2 | -45 | -57 | -75 | -105 | -52 | -43 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 55 | 41 | 93 | 82 | 89 | 136 | 143 | 154 | 43 | 46 |
| Long Term Debt | 39 | 36 | 52 | 53 | 38 | 28 | 27 | 36 | 0 | 0 |
| Short Term Debt | 16 | 5 | 41 | 29 | 51 | 108 | 117 | 118 | 43 | 46 |
| Trade Payables | 42 | 47 | 49 | 64 | 73 | 91 | 70 | 77 | 111 | 138 |
| Others Liabilities ⓘ | 22 | 38 | 43 | 41 | 43 | 58 | 31 | 34 | 63 | 72 |
| Total Liabilities ⓘ | 185 | 169 | 206 | 205 | 177 | 243 | 185 | 176 | 181 | 229 |
Fixed Assets | ||||||||||
| Gross Block | 278 | 280 | 114 | 129 | 133 | 142 | 148 | 140 | 147 | 164 |
| Accumulated Depreciation | 157 | 166 | 10 | 19 | 29 | 38 | 49 | 57 | 57 | 71 |
| Net Fixed Assetsⓘ | 121 | 113 | 105 | 110 | 104 | 105 | 99 | 84 | 90 | 93 |
| CWIP ⓘ | 0 | 1 | 8 | 3 | 0 | 4 | 4 | 1 | 3 | 0 |
| Investmentsⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 24 | 24 | 21 | 24 | 29 | 53 | 31 | 37 | 41 | 51 |
| Trade Receivables | 24 | 18 | 46 | 50 | 32 | 65 | 32 | 31 | 23 | 45 |
| Cash Equivalents | 0 | 1 | 2 | 0 | 0 | 1 | 1 | 0 | 4 | 3 |
| Others Assetsⓘ | 16 | 12 | 24 | 17 | 12 | 17 | 19 | 24 | 20 | 36 |
| Total Assets ⓘ | 185 | 169 | 206 | 205 | 177 | 243 | 185 | 176 | 181 | 229 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 5 | 8 | -14 | 18 | 4 | -21 | 8 | 4 | 44 | 25 |
| PBT ⓘ | -12 | -24 | -21 | -3 | -47 | -13 | -17 | -30 | 52 | 8 |
| Adjustment ⓘ | 22 | 18 | 17 | 18 | 22 | 26 | 7 | 30 | -43 | 26 |
| Changes in Working Capital ⓘ | -3 | 16 | -11 | -0 | 30 | -35 | 18 | 3 | 36 | -12 |
| Tax Paid ⓘ | -1 | -1 | 0 | 3 | -1 | 0 | 0 | 1 | -2 | 2 |
| Cash Flow From Investing Activity ⓘ | -7 | -3 | -7 | -7 | -3 | -6 | 11 | 3 | 91 | -14 |
| Capex | -7 | -3 | -8 | -8 | -3 | -6 | 11 | 3 | 92 | -15 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 |
| Others ⓘ | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 2 | -6 | 24 | -13 | -1 | 28 | -19 | -7 | -132 | -12 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 2 | 16 | -1 | 8 | 9 | -14 | -10 | 11 | -39 | 0 |
| Interest Paid ⓘ | -7 | -8 | -10 | -9 | -11 | -15 | -18 | -19 | -14 | -10 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 6 | -13 | 34 | -12 | 1 | 56 | 8 | 0 | -78 | -2 |
| Net Cash Flow ⓘ | 0 | 0 | 2 | -2 | 0 | 0 | 0 | 0 | 4 | -1 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -11.85 | -42.79 | -65.41 | -14.84 | N/A | N/A | N/A | N/A | N/A | N/A |
| ROCE (%) | -4.27 | -13.81 | -10.21 | 5.47 | N/A | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover Ratio | 1.98 | 1.81 | 1.54 | 1.6 | 1.76 | 2.29 | 1.69 | 1.87 | 3.4 | 4.04 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.85 | 3.13 | Working Capital Days |
| Receivable Days | 22 | 24 | 41 | 53 | 45 | 36 | 49 | 34 | 16 | 15 |
| Inventory Days | 25 | 27 | 28 | 25 | 29 | 31 | 42 | 37 | 23 | 20 |
| Payable Days | 52 | 51 | 68 | 83 | 89 | 80 | 103 | 96 | 49 | 39 |
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
Clientele
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