Austin Engineering Company Ltd Stock Analysis

BSE: 522005 | NSE: | Bearings | Small Cap

BSE Share Price Jan 25, 18:01
73.80 2.50 (3.51%)

DeciZen - Make an Informed Decision on Austin EngineeringCo

M-Cap below 100cr DeciZen not available

FAQ's

1. Is Austin Engineering Company Ltd a good quality company?

Data is not available for this company.

2. Is Austin Engineering Company Ltd undervalued or overvalued?

The key valuation ratios of Austin Engineering Company Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Austin Engineering Company Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Austin Engineering Company 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 Austin EngineeringCo:

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

Value Creation Index Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 11.4%5.2%4.5%7.2%-1.9%-3.4%-2.5%3.9%-2.4%-0.9%-
Value Creation Index -0.2-0.6-0.7-0.5-1.1-1.2-1.2-0.7-1.2-1.1-

Growth Parameters

Growth Parameters Colour Code Guide
Sales 10286.287.398.37070.775.395.17168.377
YoY Gr. Rt. %--15.2%1.3%12.6%-28.8%0.9%6.6%26.2%-25.3%-3.8%-
Adj EPS 166.46.411.1-5.7-8-5.45.1-6-3.22.8
YoY Gr. Rt. %--59.7%-0.5%73.6%-151.3%NANANA-218.8%NA-
BVPS (₹) 143.9150157164160.5151.1147.4153.3148.1146.4147.7
Adj Net Profit 5.62.22.23.9-2-2.8-1.91.8-2.1-1.11
Cash Flow from Ops. 2.24.33.5-0.323.33.7-0.94.210.4-
Debt/CF from Ops. 3.91.71.6-32.94.42.11.4-8.31.50.6-

CAGR

CAGR Colour Code Guide
9 Years 5 Years 3 Years 1 Years
Sales -4.3%-0.5%-3.2%-3.8%
Adj EPS -183.7%NANANA
BVPS 0.2-1.8-0.2-1.1
Share Price 0.7% 6.2% 3.2% 92.9%

Key Financial Parameters

Performance Ratio Colour Code Guide
Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 11.74.44.26.9-3.5-5.2-3.63.4-4-2.21.9
Op. Profit Mgn % 10.87.26.37.5-1.2-2.2-0.73.4-2.1-0.20.9
Net Profit Mgn % 5.52.62.63.9-2.8-3.9-2.51.9-2.9-1.61.3
Debt to Equity 0.20.10.10.20.20.10.10.10.10.10
Working Cap Days 217273284273381363339275372358306
Cash Conv. Cycle 135179186176272252226178262241196

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 1.90%

Sales growth is good in last 4 quarters at 28.46%

Sales growth has been subdued in last 3 years -3.20%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Austin Engineering Company Ltd.

Standalone Consolidated
TTM EPS (₹) 2.8 2.8
TTM Sales (₹ Cr.) 77 78.4
BVPS (₹.) 147.7 148.7
Reserves (₹ Cr.) 48 48
P/BV 0.50 0.50
PE 26.54 26.03
From the Market
52 Week Low / High (₹) 34.50 / 83.60
All Time Low / High (₹) 2.10 / 180.00
Market Cap (₹ Cr.) 25.7
Equity (₹ Cr.) 3.5
Face Value (₹) 10
Industry PE 45.5

Management X-Ray of Austin EngineeringCo :

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

Analyst's Notes

News

About Austin Engineering Company Ltd

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 .
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