Omax Autos Ltd Stock Analysis

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

BSE Share Price Aug 19, 18:03
49.90 0.80 (1.63%)

DeciZen - Make an Informed Decision on Omax Autos

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

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Omax Autos Price Chart

P/E Ratio (SA) :
4.36
Market Cap :
105 Cr.
52-wk low :
39.4
52-wk high :
67
Bole Toh?

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 Somewhat overvalued zone.

3. Is Omax Autos Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Omax Autos 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 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'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 10.9%8.4%2.5%4.7%5.3%4.1%7.9%5.1%5.9%-5.8%-
Value Creation Index -0.2-0.4-0.8-0.7-0.6-0.7-0.4-0.6-0.6NA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2871,0989751,0041,0271,0421,179992467161252
YoY Gr. Rt. %--14.7%-11.2%3%2.3%1.5%13.1%-15.9%-52.9%-65.4%-
Adj EPS 11.27.3-3.41.33.5-0.93.50.14.4-22.411.3
YoY Gr. Rt. %--35.2%-146.3%NA173.4%-126.6%NA-96.3%3292.3%-606.8%-
BVPS (₹) 94.4100.597.6100.4102.9103.1107.6107.1126.8134.1142.8
Adj Net Profit 23.915.5-7.22.77.5-27.50.39.4-47.824
Cash Flow from Ops. 13760.449.234.650.2-21.468.5-87.414.737.1-
Debt/CF from Ops. 1.53.23.342-7.31.9-2.2155.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -20.6%-30.9%-48.5%-65.4%
Adj EPS -208%-244.9%-285%-606.8%
BVPS 45.57.65.7
Share Price 0.9% -6.3% 2.3% 9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 12.67.4-3.41.33.5-0.93.40.13.8-17.18.1
Op. Profit Mgn % 6.96.53.94.55.23.23.64.14.5-25.7-7.9
Net Profit Mgn % 1.91.4-0.70.30.7-0.20.602-29.69.6
Debt to Equity 10.90.80.60.50.70.60.80.80.7-
Working Cap Days 6865666567841001352846570
Cash Conv. Cycle -5-11-11-10-661827641470

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 8.10%

Debt to equity has declined versus last 3 years average to 0.74

Sales growth is good in last 4 quarters at 47.70%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years -285.00%

Latest Financials - Omax Autos Ltd.

Standalone Consolidated
TTM EPS (₹) 11.3 0.2
TTM Sales (₹ Cr.) 252 1,095
BVPS (₹.) 142.8 0
Reserves (₹ Cr.) 284 180
P/BV 0.34 0.00
PE 4.36 317.33
From the Market
52 Week Low / High (₹) 39.35 / 67.00
All Time Low / High (₹) 2.29 / 215.90
Market Cap (₹ Cr.) 105
Equity (₹ Cr.) 21.4
Face Value (₹) 10
Industry PE 112.3

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

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Key Ratios of Omax Autos

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

News

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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