Omax Autos Ltd - Stock Valuation and Financial Performance

BSE: 520021 | NSE: OMAXAUTO | Trading | Small Cap

Omax Autos Share Price

97.35 1.90 1.99%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Omax Autos

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Omax Autos stock performance -

mw4me loader
P/E Ratio (SA):
103.69
Market Cap:
208.2 Cr.
52-wk low:
37.7
52-wk high:
135.5

Is Omax Autos Ltd an attractive stock to invest in?

1. Is Omax Autos Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Omax Autos Ltd is a below average quality company.

2. Is Omax Autos Ltd undervalued or overvalued?

The key valuation ratios of Omax Autos Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Omax Autos Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Omax Autos 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 Omax Autos:

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.
Omax Autos 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 % 2.5%4.7%5.3%4.1%7.9%5.1%5.9%-5.8%-0%-1.5%-
Value Creation
Index
-0.8-0.7-0.6-0.7-0.4-0.6-0.6-1.4-1.0-1.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9751,0041,0271,0421,179992467161222301345
Sales YoY Gr.-3%2.3%1.5%13.1%-15.9%-52.9%-65.4%37.6%35.4%-
Adj EPS -3.41.33.5-0.93.50.14.4-22.4-9.4-10.80.9
YoY Gr.-NA173.4%-126.6%NA-96.3%3292.3%-606.8%NANA-
BVPS (₹) 97.6100.4102.9103.1107.6107.1126.8134.1145.1133.7131.4
Adj Net
Profit
-7.22.77.5-27.50.39.4-47.8-20-23.12
Cash Flow from Ops. 49.234.650.2-21.468.5-87.414.724.619.135.1-
Debt/CF from Ops. 3.342-7.31.9-2.2158.97.23.2-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -12.3%-23.9%-13.6%35.4%
Adj EPS NA-225.1%-234.8%NA
BVPS3.6%4.4%1.8%-7.9%
Share Price 10.6% 2.9% 30.4% 143.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-3.41.33.5-0.93.40.13.8-17.1-6.7-7.80.7
Op. Profit
Mgn %
3.94.55.23.23.64.14.5-25.7-10.45.27.1
Net Profit
Mgn %
-0.70.30.7-0.20.602-29.6-9-7.70.6
Debt to
Equity
0.80.60.50.70.60.80.80.80.40.4-
Working Cap
Days
6665678410013527255129417839
Cash Conv.
Cycle
-11-10-6618276414726-20-15

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 0.70%

Debt to equity has declined versus last 3 years average to 0.40

Sales growth is good in last 4 quarters at 18.79%

Sales growth has been subdued in last 3 years -13.62%

Net Profit has been subdued in last 3 years -234.83%

Latest Financials - Omax Autos Ltd.

Standalone Consolidated
TTM EPS (₹) 0.9 0.2
TTM Sales (₹ Cr.) 345 1,095
BVPS (₹.) 131.4 0
Reserves (₹ Cr.) 260 180
P/BV 0.74 0.00
PE 103.69 629.81
From the Market
52 Week Low / High (₹) 37.65 / 135.52
All Time Low / High (₹) 2.29 / 215.90
Market Cap (₹ Cr.) 208
Equity (₹ Cr.) 21.4
Face Value (₹) 10
Industry PE 76.7

Management X-Ray of Omax Autos:

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 Omax Autos

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
Sales9751,0041,0271,0421,179992467161222301
Operating Expenses 9379609741,0101,137952446203247287
Manufacturing Costs90931001141128849192017
Material Costs677693680679800700293114165226
Employee Cost 12812914216516510551312417
Other Costs 42445152605853393928
Operating Profit 38455333424021-42-2514
Operating Profit Margin (%) 3.9%4.4%5.1%3.1%3.5%4.0%4.4%-25.8%-11.3%4.6%
Other Income 106610111322223215
Interest 24201423312825272824
Depreciation 32312823222010131523
Exceptional Items 0700004048600
Profit Before Tax -8815-41547-1223-18
Tax -2-17-2-753-1-16
Profit After Tax -688-28044-1023-24
PAT Margin (%) -0.6%0.8%0.8%-0.2%0.6%0.0%9.3%-6.3%10.6%-8.1%
Adjusted EPS (₹)-2.93.93.7-1.03.60.220.4-4.711.0-11.4
Dividend Payout Ratio (%)0%0%27%0%0%0%0%0%0%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 209215220221230229271287310286
Share Capital 21212121212121212121
Reserves 187193199199209208250265289265
Minority Interest0000000000
Debt115101821401181862051649593
Long Term Debt5555564043511311629093
Short Term Debt6146261007513574240
Trade Payables14213214614515710969374757
Others Liabilities 9587769094757910610564
Total Liabilities 560535525596599599624594556500

Fixed Assets

Gross Block580591597538544545362357409381
Accumulated Depreciation268297314299318387217167129113
Net Fixed Assets312293282238226158145190280268
CWIP 00230131528410
Investments 0000000000
Inventories44364255577446302817
Trade Receivables97109114167165130117331911
Cash Equivalents 2426272940262193830
Others Assets847057103111198162238190174
Total Assets 560535525596599599624594556500

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 493550-2168-8715251935
PBT -6016-4157-59-37-18
Adjustment 53484247594830342030
Changes in Working Capital 5-10-2-6014-134-15513826
Tax Paid -3-3-5-5-5-7-7-1-2-3
Cash Flow From Investing Activity -252-13-231730-333483-9
Capex -31-4-17-23-8-24-651081-14
Net Investments 000025-4011-74
Others 7640058331491
Cash Flow From Financing Activity -58-35-3645-4940-2-42-104-34
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -3401-5688459-87-24
Interest Paid -24-20-14-23-31-28-25-27-15-8
Dividend Paid 00-30000000
Others 1-15-2074-2560-61-73-1-1
Net Cash Flow -3322136-17-2017-1-8
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-2.963.93.64-0.993.40.1917.42-3.627.86-8.16
ROCE (%)4.067.698.865.68.58.5315.713.1410.741.29
Asset Turnover Ratio2.132.252.22.12.021.650.760.270.390.57
PAT to CFO Conversion(x)N/A4.386.25N/A8.5-INF0.34N/A0.83N/A
Working Capital Days
Receivable Days273035445054961694318
Inventory Days13121215172447864827
Payable Days6972757869691111699384

Omax Autos Ltd Stock News

Omax Autos Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Omax Autos on 28-Mar-2024 16:01 is ₹97.35.
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 28-Mar-2024 16:01 the market cap of Omax Autos stood at ₹208.2.
The latest P/E ratio of Omax Autos as of 28-Mar-2024 16:01 is 103.7.
The latest P/B ratio of Omax Autos as of 28-Mar-2024 16:01 is 0.74.
The 52-week high of Omax Autos is ₹135.5 and the 52-week low is ₹37.65.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Omax Autos is ₹344.6 ( Cr.) .

About Omax Autos Ltd

Omax Auto Ltd. was incorporated in 1983. It is a member of Munjal group of companies. The company is having a very broad customer base and supplies products to Maruti Udyog, Hero Honda, Escorts Bharat seats and other leading manufacturers of automobile industry. The company has also started supplying to SRF Nippon Denro Carrier Aircon and Eisher Mitsubishi on regular basis.

Fully attuned to evolving customer needs & requirements, over the years, the Omax group has grown from strength to strength. It has not only multiplied its manufacturing and engineering capabilities in a big way, but also taken a giant leap in the highly dynamic international market. The group is working hand in hand with a multitude of new clients across many industries.

The company is amongst top Three companies in sheet metal and tubular segment – (Process 85k Tons Steel pa) It is having the largest Sprocket manufacturing capacity (11 Million pa) in South East Asia.

The company is also having the largest Tri Nickel Chrome Plating facility (120 Million DM2) and the largest welding facility in India with 800 machines (100 Km welding capacity per day)

Product range of the company includes:

The company is a composite solution provider to different customer requirement.

Automotive

  • Tubular Welded Component
  • Sprocket
  • Welded Component in all
  • Sheet Metal Component in all

Engineering

  • Model Developed By UG-NX4 Software
  • 3D-Tool Model By UG-NX4

Railway & Defense Supplies  Metal Home Furnishing 

  • Carbon Steel
  • Stainless Steel

Clientele:

  • Hero Honda Motors Ltd.
  • Honda Motorcycle & Scooter India Pvt. Ltd.
  • Honda - Siel Car India Ltd. 
  • Carrier Aircon Ltd.
  • International Tractors 
  • Maruti Udyog Ltd. (Suzuki J.V) 
  • New Holland Tractor 
  • TVS Motors Limited  
  • Atlantic Global Services
  • Cummins
  • Delphi

Milestones:

1984 – 90- Started commercial production at Dharuhera for Hero Honda- Went public and established 2nd Plant at Gurgaon

1991 - 98- Expanded customer base to include TVS- Expanded product profile to include complete 2 wheeler body frame- Certified ISO 9002 compliant by TUV – Germany

1999 – 03- Established 3rd facility at Sidhrawali- Expanded process capability to include paint shop with technology from ABB- Major expansion and upgradation of electro plating facility- Kaizen process initiated across all plants- New customers added – New Holland Tractors, Honda Seil Cars- Set up separate Sprocket Division.

2003 – 08- ISO/TS-16949, ISO-14001 & OHSAS - 18001 compliant- 6th Plant at Bangalore (Karnataka)- 7th Plant INDITAL at Dharuhera (Haryana).- Started Exports to North America and Europe: Delphi, Tenneco,, Piaggio.- Established 8th Plant at Binola (Gurgaon).- TPM Activities initiated.- SAP rolled out in all plants.- Diversified in Home Furnishing Business with IKEA – Sweden.- Further diversified into Defence and Railway business as well.- Signed a Joint Venture Agreement with COC (China Oghiara Corporation),- Chassis project for TATA MOTORS under construction

Achievements/ recognition:

Certification

  • ISO/TS 16949
  • ISO 14001
  • ISO 18001
  • India Govt. Approved, NABL Calibrated Lab
  • DOL to Suzuki Motors & HHML
  • Quality Tools
  • 5S & 5W
  • KAIZEN
  • TPM

OMAX AUTOS has established, documented, implemented and maintained an Integrated Management System in line with the requirement of ISO/TS 16949: 2002, ISO 14001:2004, OHSAS 18001:2007.

Awards

  • Hero Honda Award
  • Q Way Award
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