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BSE: 530621 | NSE: | Auto Ancillary | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Akar Auto Industries Ltd is a below average quality company.
The key valuation ratios of Akar Auto Industries Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Akar Auto Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 6.7% | 7.9% | 10.1% | 10.1% | 12.5% | 12.3% | 2.4% | 2.8% | 12.1% | 13.4% | - |
| Value Creation Index ⓘ | -0.5 | -0.4 | -0.3 | -0.3 | -0.1 | -0.1 | -0.8 | -0.8 | -0.1 | -0.1 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 143 | 159 | 185 | 190 | 242 | 278 | 199 | 188 | 270 | 367 | 381 |
| Sales YoY Gr. | - | 11.7% | 15.9% | 2.8% | 27.6% | 14.8% | -28.4% | -5.4% | 43.8% | 35.8% | - |
| Adj EPS ⓘ | 0.6 | 0.6 | 1.7 | 2.2 | 3.9 | 5.2 | -2.8 | -2.6 | 6.5 | 6.4 | 6.8 |
| YoY Gr. | - | -10.9% | 198.3% | 28.2% | 79.4% | 34% | -154.2% | NA | NA | -1.9% | - |
| BVPS (₹) ⓘ | 23 | 22.1 | 23.2 | 23.7 | 25.9 | 30 | 26.5 | 23.7 | 30.1 | 36.7 | 40.9 |
| Adj Net Profit ⓘ | 0.7 | 0.6 | 1.8 | 2.4 | 4.2 | 5.7 | -3.1 | -2.8 | 7 | 6.9 | 7 |
| Cash Flow from Ops. ⓘ | 11 | 6 | 0.8 | 12.3 | 8.7 | 7.4 | 14.4 | 0.3 | 15.5 | 24.6 | - |
| Debt/CF from Ops. ⓘ | 3.2 | 5.8 | 54.3 | 4.2 | 6.6 | 8.9 | 4.6 | 318 | 4.6 | 2.6 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 11.1% | 8.7% | 22.7% | 35.8% | ||||
| Adj EPS ⓘ | 29.1% | 10.3% | NA | -1.9% | ||||
| BVPSⓘ | 5.3% | 7.2% | 11.5% | 21.8% | ||||
| Share Price | 29.5% | 24.3% | 88.3% | 49.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.8 | 2.5 | 7.5 | 9.3 | 15.8 | 18.7 | -10.1 | -10.5 | 24.2 | 19.1 | 17.5 |
| Op. Profit Mgn % ⓘ | 6 | 5.9 | 6.7 | 7.3 | 7.6 | 6.7 | 4.7 | 4.6 | 7.1 | 6.1 | 6.3 |
| Net Profit Mgn % ⓘ | 0.5 | 0.4 | 1 | 1.2 | 1.7 | 2 | -1.5 | -1.5 | 2.6 | 1.9 | 1.9 |
| Debt to Equity ⓘ | 1.4 | 1.5 | 1.8 | 2 | 2 | 2.1 | 2.3 | 3.1 | 2.2 | 1.6 | - |
| Working Cap Days ⓘ | 170 | 165 | 161 | 158 | 138 | 137 | 189 | 207 | 157 | 129 | 67 |
| Cash Conv. Cycle ⓘ | 42 | 47 | 55 | 72 | 77 | 80 | 114 | 131 | 102 | 74 | 10 |
Return on Equity has increased versus last 3 years average to 17.50%
Sales growth is growing at healthy rate in last 3 years 22.67%
Debt to equity has declined versus last 3 years average to 1.64
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 8.35%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 6.8 | - |
| TTM Sales (₹ Cr.) | 381 | - |
| BVPS (₹.) ⓘ | 40.9 | - |
| Reserves (₹ Cr.) ⓘ | 39 | - |
| P/BV ⓘ | 2.80 | - |
| PE ⓘ | 16.84 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 74.00 / 169.70 |
| All Time Low / High (₹) | 0.55 / 169.70 |
| Market Cap (₹ Cr.) | 123 |
| Equity (₹ Cr.) | 5.4 |
| Face Value (₹) | 5 |
| Industry PE ⓘ | 47.1 |
| Pledged * | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 | 3.62 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 143 | 159 | 185 | 190 | 242 | 278 | 199 | 188 | 270 | 367 |
| Operating Expenses ⓘ | 134 | 150 | 172 | 176 | 224 | 259 | 189 | 179 | 251 | 345 |
| Manufacturing Costs | 32 | 36 | 35 | 29 | 37 | 42 | 31 | 29 | 41 | 52 |
| Material Costs | 79 | 93 | 115 | 121 | 155 | 180 | 121 | 112 | 164 | 237 |
| Employee Cost | 10 | 12 | 13 | 15 | 21 | 25 | 26 | 27 | 32 | 38 |
| Other Costs ⓘ | 13 | 9 | 9 | 10 | 11 | 12 | 11 | 11 | 14 | 18 |
| Operating Profit ⓘ | 9 | 9 | 12 | 14 | 18 | 18 | 9 | 9 | 19 | 22 |
| Operating Profit Margin (%) | 6.0% | 5.8% | 6.7% | 7.3% | 7.6% | 6.7% | 4.7% | 4.6% | 7.1% | 6.0% |
| Other Income ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 0 |
| Interest ⓘ | 5 | 6 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 10 |
| Depreciation ⓘ | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 4 | 4 |
| Exceptional Items ⓘ | 0 | 1 | 0 | 0 | -1 | -1 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 1 | 2 | 3 | 4 | 5 | 6 | -2 | -2 | 7 | 8 |
| Tax ⓘ | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 0 | 1 |
| Profit After Tax | 1 | 1 | 2 | 2 | 3 | 5 | -3 | -3 | 7 | 7 |
| PAT Margin (%) | 0.5% | 0.8% | 1.0% | 1.3% | 1.3% | 1.9% | -1.5% | -1.5% | 2.5% | 1.9% |
| Adjusted EPS (₹) | 0.6 | 1.1 | 1.7 | 2.3 | 3.0 | 4.8 | -2.8 | -2.6 | 6.4 | 6.4 |
| Dividend Payout Ratio (%) | 47% | 31% | 29% | 24% | 19% | 11% | 0% | 0% | 4% | 8% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 25 | 24 | 25 | 26 | 28 | 32 | 29 | 26 | 32 | 40 |
| Share Capital ⓘ | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves ⓘ | 19 | 18 | 20 | 20 | 23 | 27 | 23 | 20 | 27 | 34 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 32 | 34 | 44 | 49 | 55 | 64 | 63 | 72 | 65 | 59 |
| Long Term Debt | 1 | 3 | 11 | 13 | 14 | 24 | 22 | 28 | 25 | 20 |
| Short Term Debt | 31 | 31 | 33 | 35 | 40 | 40 | 42 | 44 | 40 | 39 |
| Trade Payables | 43 | 50 | 49 | 35 | 40 | 40 | 37 | 39 | 42 | 64 |
| Others Liabilities ⓘ | 11 | 8 | 8 | 16 | 18 | 16 | 16 | 22 | 19 | 24 |
| Total Liabilities ⓘ | 110 | 115 | 126 | 125 | 140 | 153 | 144 | 159 | 159 | 187 |
Fixed Assets | ||||||||||
| Gross Block | 59 | 60 | 63 | 71 | 77 | 83 | 92 | 95 | 94 | 102 |
| Accumulated Depreciation | 25 | 30 | 33 | 36 | 40 | 44 | 48 | 53 | 57 | 61 |
| Net Fixed Assetsⓘ | 34 | 29 | 30 | 35 | 37 | 39 | 43 | 42 | 38 | 41 |
| CWIP ⓘ | 0 | 0 | 1 | 3 | 1 | 4 | 0 | 0 | 0 | 1 |
| Investmentsⓘ | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventories | 40 | 47 | 49 | 48 | 54 | 61 | 59 | 69 | 75 | 79 |
| Trade Receivables | 24 | 28 | 35 | 31 | 37 | 38 | 31 | 40 | 35 | 49 |
| Cash Equivalents | 1 | 1 | 1 | 2 | 1 | 2 | 3 | 2 | 3 | 4 |
| Others Assetsⓘ | 10 | 9 | 10 | 6 | 10 | 8 | 8 | 7 | 7 | 14 |
| Total Assets ⓘ | 110 | 115 | 126 | 125 | 140 | 153 | 144 | 159 | 159 | 187 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 11 | 6 | 1 | 12 | 9 | 7 | 14 | 0 | 15 | 25 |
| PBT ⓘ | 1 | 2 | 3 | 4 | 5 | 6 | -2 | -2 | 7 | 8 |
| Adjustment ⓘ | 7 | 8 | 9 | 10 | 12 | 12 | 12 | 11 | 12 | 14 |
| Changes in Working Capital ⓘ | 3 | -3 | -11 | -0 | -7 | -9 | 7 | -8 | -2 | 4 |
| Tax Paid ⓘ | 0 | 0 | 0 | -1 | -1 | -1 | -1 | 0 | -1 | -2 |
| Cash Flow From Investing Activity ⓘ | -1 | 1 | -4 | -10 | -4 | -8 | -5 | -1 | 0 | -8 |
| Capex | -1 | -1 | -4 | -10 | -5 | -9 | -5 | -3 | 0 | -8 |
| Net Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 0 |
| Cash Flow From Financing Activityⓘ | -9 | -7 | 3 | -2 | -4 | 1 | -9 | 1 | -15 | -16 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -3 | 0 | 8 | 3 | 1 | 10 | -2 | 6 | -3 | -5 |
| Interest Paid ⓘ | -5 | -6 | -7 | -7 | -8 | -8 | -8 | -8 | -8 | -10 |
| Dividend Paid ⓘ | 0 | 0 | 0 | -1 | -1 | -1 | -1 | 0 | 0 | 0 |
| Others ⓘ | -1 | -1 | 2 | 3 | 5 | 0 | 2 | 2 | -4 | -1 |
| Net Cash Flow ⓘ | 0 | 0 | 0 | 0 | 1 | 0 | 1 | -1 | 1 | 1 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 2.79 | 5.04 | 7.52 | 9.73 | 11.97 | 17.27 | -10.05 | -10.48 | 23.68 | 19.1 |
| ROCE (%) | 10.11 | 12.77 | 14.82 | 15.04 | 16.61 | 15.26 | 5.35 | 5.98 | 14.73 | 17.61 |
| Asset Turnover Ratio | 1.42 | 1.55 | 1.68 | 1.65 | 1.86 | 1.89 | 1.34 | 1.24 | 1.7 | 2.12 |
| PAT to CFO Conversion(x) | 11 | 6 | 0.5 | 6 | 3 | 1.4 | N/A | N/A | 2.14 | 3.57 | Working Capital Days |
| Receivable Days | 54 | 54 | 57 | 59 | 50 | 49 | 63 | 68 | 51 | 42 |
| Inventory Days | 94 | 91 | 87 | 85 | 76 | 76 | 111 | 124 | 97 | 76 |
| Payable Days | 168 | 161 | 136 | 103 | 70 | 66 | 93 | 98 | 71 | 64 |
Akar Tools, an ISO 9001-2000 company, is the forward integrated enterprise of the R. L. Group of Industries. The company, situated at Waluj near Aurangabad, Maharashtra, manufactures and exports hi-quality precision engineered hand tools to Europe, USA, Japan, Australia and many other countries worldwide. Its commitment to quality is manifested in the GS certification from TUV (Rheinland) Safety Gmbh, Germany, awarded for its range of spanners besides the many other citations, awards and certificates it has received for excellence in producing quality products. Its sophisticated and state-of-the-art production facilities operates round the clock with a dedicated workforce of over 400 personnel manufacturing some of the most technologically superior hand tool products in the country. Beginning with quality raw materials sourced from R. L. Steels, Akar Tools gives shape to the industrial dreams of the country. Also, right from conceptualizing, designing and manufacturing these hi-end tool products. Akar Tools employs latest cutting edge technology at its state-of-the-art facility where Makino CNC machines, Collocate polishing machines, vibrators and other sophisticated machines are used to craft the most perfect hand tools. Akar Tools supplies to globally competitive markets like North America and Europe where its products meet the stringent ANSI and DIN quality standards with ease. This is because of the total commitment to continous quality improvements at every stage of the production process. Akar Tools is today a future ready company able to sustain its high growth rate and further add brand value to its products for the benefit of its customers.
Business areas of the company:
The company manufactures and exports hi-quality precision engineered hand tools to Europe, USA, Japan, Australia and many other countries worldwide.
Products:
• Spanners / Wrenches
• Carpenter / Striking tools
• Automotive / Construction tools
• Tool Aprons
• Packaging
• Electrical / Electronic tools
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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