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Austin Engineering Company Ltd. Stock Analysis

Small Cap
Evaluated by 260 users | BSE: 522005 | NSE: |
Bearings
Austin Engineering Company, founded by five technocrats as a partnership firm in 1973, is an ISO/TS 16949:2002 certified manufacturer of widest range of ball and roller bearings and its components in India without any foreign collaboration.It is located near Junagadh in Gujarat...

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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 11.26%11.36%5.21%4.53%7.15%-1.94%-3.35%-2.5%3.9%-2.4%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 85.210286.287.398.37070.775.395.171
Y-o-Y Gr. Rt.-19.4%-15.2%1.3%12.6%-28.8%0.9%6.6%26.2%-25.3%
Adjusted EPS (Rs.) 14.8115.956.436.411.11-5.7-8.02-5.435.06-6.01
Y-o-Y Gr. Rt.-7.7%-59.7%-0.5%73.6%-151.3%NANANA-218.8%
Book Value per Share (Rs.) 128.45143.94149.95157.03163.95160.48151.13147.36153.3148.05
Adjusted Net Profit 5.25.62.22.23.9-2-2.8-1.91.8-2.1
Net Op. Cash Flow (Rs. Cr.) 1.42.24.33.5-0.323.33.7-0.94.2
Debt to Cash Flow from Ops 5.823.931.731.6-32.924.382.131.36-8.31.28
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.
Austin Engineering Company Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -2%-6.3%0.2%-25.3%
Adjusted EPS -190.5%-188.4%NA-218.8%
Book Value per Share 1.6-2-0.7-3.4
Share Price -8.2% -12.7% -18.5% -21.2%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 12.1311.714.384.176.92-3.51-5.15-3.643.37-3.99
Operating Profit Margin (%) 11.4610.757.196.257.45-1.2-2.19-0.73.43-2.1
Net Profit Margin (%) 6.045.452.592.553.93-2.83-3.94-2.511.85-2.94
Debt to Equity 0.180.170.140.10.170.150.130.10.130.11
Working Capital Days 218217273284273381363339275372
Cash Conversion Cycle 128135179186176272252226178262
Entity Percentage Holding
Promoters 33.80%
Institutions 2.30%
Non-Institutions 63.90%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Austin Engineering Company Ltd.'s performance infers:

Austin Engineering Company Ltd. earnings have declined by -188.4%, whereas share price has depreciated -12.7% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Austin Engineering Company Ltd. share prices over the last 10 years. Here is what we found out:

Austin Engineering Company Ltd. share price has depreciated -8.8% annually over the past ten years.

Austin Engineering Company, founded by five technocrats as a partnership firm in 1973, is an ISO/TS 16949:2002 certified manufacturer of widest range of ball and roller bearings and its components in India without any foreign collaboration.It is located near Junagadh in Gujarat State.

Rapid development and flexible manufacturing system along with effective global delivery network enabled the company to deliver quality products with shorter lead time and competitive

Austin Engineering Company, founded by five technocrats as a partnership firm in 1973, is an ISO/TS 16949:2002 certified manufacturer of widest range of ball and roller bearings and its components in India without any foreign collaboration.It is located near Junagadh in Gujarat State.

Rapid development and flexible manufacturing system along with effective global delivery network enabled the company to deliver quality products with shorter lead time and competitive prices.

Products of the company

  • Ball Bearings
  • Cylindrical Roller Bearings
  • Needle Roller Bearings
  • Tapered Roller Bearings
  • Spherical Roller Bearings
  • Flexible Roller Bearings
  • Super Precision Bearings
  • Special Purpose Bearings

History of the company

  • 1973: Partnership firm formed by five technocrats. Started manufacturing needle roller cage assemblies with the manpower of 10 and the capital investment of 3500 US Dollars
  • 1974: Started manufacturing cylindrical roller bearings and deep groove ball bearings up to 50mm diameter.
  • 1975: Started manufacturing single row spherical roller bearings.
  • 1978: Partnership firm converted into Private Limited Company. Started manufacturing tapered Roller Bearing up to 100mm diameter.
  • 1980: Manufacturing capacity of all aforesaid bearings increased up to 150mm diameter.
  • 1982: Started supplying bearings for gear box application to Premier Automobiles Limited (FIAT-Italy Collaboration) for passenger cars.
  • 1984: Started supplying case carburized specially heat treated ground components (exclusive supplier) and King-pin bearings to TELCO for light and heavy commercial vehicles.
  • 1985: Converted into Public Llimited Company and offered shares to public.
  • 1986: Started New Plant (Unit II) with installation of machinery and testing/measuring equipment imported from Germany. Started exporting bearings to developed countries such as UK, USA, and Italy.
  • 1987: Started manufacturing import substitute bearings for military tanks and armed vehicles of Indian Defense Department.
  • 1990: Increased manufacturing capacity to 600mm diameter. Started manufacturing double row tapered and spherical roller bearings.
  • 1991: Awarded indefinite rate contract with All India State Road Transport Undertakings (ASRTU) for 78 sizes of bearings for their passengers vehicles.
  • 1993: Started manufacturing flexible roller bearings.
  • 1995: Manufacturing capacity increased to 800mm diameter.
  • 1997: Started manufacturing flush ground single row angular contact ball bearings for US and European Markets.
  • 1998: Started production of four row tapered roller and mutli-row cylinderical roller bearings for roll-neck application in steel plants.
  • 1999: Awarded ISO 9001 Certification for design and manufacturing of all type of rolling bearings from TUV Rheinland.
  • 2000: Established AEC Europe S.R.L in Milan, Italy.
  • 2002: Developed stainless steel (Grade 440C) bearings (for Atomic Energy Plant).
  • 2003: Developed and supplied Screw Down bearing (equivalent to Torrington 202 TTSX 942 EE2000).
  • 2004: Developed Slim bearings (Constant Section Bearings) up to 18 inch. Established Accurate Engineering Inc.(WOS of AEC Ltd.) in USA.
  • 2006: Awarded ISO/TS 16949:2002 Certification for design and manufacturing of all type of rolling bearings from TUV Rheinland.
  • 2008: Developed crossed cylindrical and tapered roller bearings .
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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