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Clutch Auto Ltd Stock Analysis

Small Cap
Evaluated by 136 users | BSE: 505052 | NSE: CLUTCHAUTO |
Auto Ancillary
Clutch Auto was founded way back in 1971 and now it is India’s largest clutch manufacturer & exporter. Clutch Auto Ltd (CAL) is the largest supplier of clutches to the commercial vehicle and tractor segment in India. It also caters to the passenger vehicle and replacement demand The...

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'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16
Return on Capital Employed 15.58%10.1%5.84%6.29%5.92%5.86%-5.06%-16.55%-41.01%-23.77%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 23521719723025124595.430.638.946.5
Y-o-Y Gr. Rt.--7.7%-9%16.5%8.9%-2.3%-61%-67.9%27.2%19.5%
Adjusted EPS (Rs.) 13.518.262.735.034.623.99-18.3-37.78-46.65-11.78
Y-o-Y Gr. Rt.--38.9%-67%84.3%-8.2%-13.6%-558.7%NANANA
Book Value per Share (Rs.) 59.2970.4773.2477.880.7683.5665.32-5.56-101.91-127.1
Adjusted Net Profit 2113.54.58.48.37.5-34.3-70.9-87.5-22.1
Net Op. Cash Flow (Rs. Cr.) -323.616.1-5.42.518.1-53.4-33.42.7-0.2
Debt to Cash Flow from Ops -31.164.087.75-32.9578.6611.98-4.24-8.95107.97-1,592.8
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.
Clutch Auto Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -16.5%-28.6%-21.3%19.5%
Adjusted EPS -198.5%-220.6%NANA
Book Value per Share -208.8-209.5-224.80
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'07Mar'08Mar'09Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16
Return on Equity (%) 21.6810.693.215.675.144.33-21.31-92.48107.9411.26
Operating Profit Margin (%) 16.9515.8714.0816.4116.9618.23-7.59-71.07-82.24-2.97
Net Profit Margin (%) 8.916.212.263.653.313.06-35.98-231.62-224.76-47.5
Debt to Equity 1.010.841.051.371.351.381.85-28.68-1.52-1.21
Working Capital Days 1902402702682963177932,066763119
Cash Conversion Cycle 138161156140187181322675122-74
Entity Percentage Holding
Promoters 36.33%
Institutions 0.15%
Non-Institutions 63.52%
Pledged *91.9291.270.0019.2411.9711.9721.5124.8241.6241.62
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

Data is not available for this company.

Data is not available for this company

Clutch Auto was founded way back in 1971 and now it is India’s largest clutch manufacturer & exporter. Clutch Auto Ltd (CAL) is the largest supplier of clutches to the commercial vehicle and tractor segment in India. It also caters to the passenger vehicle and replacement demand

The company is India’s largest clutch manufacturer & exporter has held 3 Decades of undisputed Leadership

The company is also India’s largest exporter of clutches and exports to 40

Clutch Auto was founded way back in 1971 and now it is India’s largest clutch manufacturer & exporter. Clutch Auto Ltd (CAL) is the largest supplier of clutches to the commercial vehicle and tractor segment in India. It also caters to the passenger vehicle and replacement demand

The company is India’s largest clutch manufacturer & exporter has held 3 Decades of undisputed Leadership

The company is also India’s largest exporter of clutches and exports to 40 countries, 85% to Americas.The company is having largest aftermarket distribution network in India and has state-of-the-art testing facility for Clutches. The company is having Govt. of India recognized Research &development facility.

Clutch Auto Ltd (CAL) is the largest supplier of clutches to the commercial vehicle and tractor segment in India. It also caters to the passenger vehicle and replacement demand and its clientele includes Tata Motors, Ashok Leyland, Maruti Udyog, TAFE, Toyota, BEML, Escort Tractors and StateTransport Undertakings, among others.

Clutch is a technology intensive business dominated by 6 players in the world, all operating either as joint ventures or as technology partners or license arrangements. CAL is the only standalone clutch company in the world, which is testimony to its technology capability.

The company has developed, upgraded and upsized Ceramic and Cushioned Organic Clutches with Retrofittability on old models of the popular trucks and buses, carving a new market segment with a long term aftermarket potential besides fitment on current ongoing production.Peculiarities of Indian operating conditions both in case of passenger carriers and commercial vehicles and driving habits have been taken into consideration and performance demonstrated after simulation and evaluation of modified Designs based on the valuable field data.

The ‘Cool Clutch’ developed for the US market alongwith Wear Indication capability – the ‘Whisper’ series and ‘Ez N Lite’ – Twin Ceramic Self-Aligning clutch for heavy applications have been offered to the Indiancustomers.

The company has ventured into the US truck market through the aftermarket route making it the only offshore company to be able to do so. It plans to be a niche player in the low volume, high value added heavy-duty clutch segment for class 7 and 8 trucks. This is because, the replacement demand for trucks in US, with a population of nearly 4.5-5mn units, is nearly as high (250,000 units pa) asthe demand for new trucks.

CAL invested in technology, research and filed for patents and trademarks for a number of products that it developed. Today, the company is the only independent component company from India with an independent patents and trademarks portfolio. It has built many innovative products like the ‘Cool Clutch’,’ Whisper’ and ‘EZ N Lite’ offering interchangeability unit-to-unit, component-to component with the same serviceability norms and tools.

The company’s clientele includes Tata Motors, Ashok, Leyland, Maruti Udyog, TAFE, Toyota, BEML, Escort Tractors and state transport undertakings, among others.

Awards/ Achievements

  • In 1996-ISO 9002 Certification by KPMG Peat Marwick LLp Certification  
  • In 2000 -QS 9000 Certification by KPMG Peat Marwick LLp          
  •  In 2003 -QS-9000:1998 Certification by TUV Anlagentechnik Gmbh
  • In 2005 - TS 16949:2002 Certification by TUV Anlagentechnik Gmbh. R& D Certification by - Ministry of science & Technology   Department of Science & research
  • In 2004 - Export House Certification by - Ministry of Commerce & Industry, Office of Joint Director General of foreign Trade

Apart from these the company is a recipient of many prestigious national awards.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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