Automobile Corp.Goa

₹1968.8 -38.8 | 1.9%

WEBSITE BSE:505036 NSE : AUTO COR.GOA 18 May, 12:50

Market Cap ₹1199 Cr.

Stock P/E 33.3

P/B 5.5

Current Price ₹1968.8

Book Value ₹ 359.6

Face Value 10

52W High ₹2300

Dividend Yield 1.02%

52W Low ₹ 770

Edit Ratio

Automobile Corp.Goa Research see more...

Overview Inc. Year: 1980Industry: Auto Ancillary

Automobile Corporation of Goa Ltd is engaged in the manufacture of pressed elements, additives, sub-assemblies for various range of automobiles and manufacture of bus bodies and components parts thereof. The Company operates via segments: Pressing Division and Bus body Building Division. The Pressing Division phase is engaged in the manufacture of pressed parts, components, sub-assemblies and assemblies. The Bus body Building Division phase is engaged inside the manufacturing of bus bodies and component parts for bus bodies. The Company's products include group of workers delivery utility buses, luxurious application buses, city, defense, airport, and school application buses, sleeper buses, special application automobiles and sheet metal products. The Company manufactures sheet steel components, assemblies and bus coaches at its factories situated at villages Honda and Bhuimpal, Goa.

Automobile Corp.Goa Share Price

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Peer Comparison

Automobile Corp.Goa Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	53	76	115	142	139	88	137	124	140	169
Other Income	2	1	2	2	2	2	2	3	3	5
Total Income	55	77	117	143	141	90	139	127	143	174
Total Expenditure	56	71	104	131	132	84	128	116	129	158
Operating Profit	-1	6	12	12	9	7	11	11	14	16
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	1	1	1	1
Exceptional Income / Expenses	0	0	-6	1	2	0	0	0	0	0
Profit Before Tax	-2	5	5	11	10	5	10	10	13	14
Provision for Tax	-0	1	0	3	3	1	2	3	3	3
Profit After Tax	-2	3	5	8	8	4	8	8	10	11
Adjustments	-0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-2	3	5	8	8	4	8	8	10	11
Adjusted Earnings Per Share	-2.5	5.6	8.2	13.6	12.7	6.7	12.7	12.4	16.1	17.9

Automobile Corp.Goa Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	263	303	395	417	467	489	426	333	116	282	506	570
Other Income	9	8	7	7	8	8	10	10	10	7	8	13
Total Income	272	311	402	424	475	498	436	344	126	289	514	583
Total Expenditure	243	279	377	393	437	461	395	323	137	275	475	531
Operating Profit	29	32	25	31	38	37	41	20	-11	14	39	52
Interest	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	5	5	1	5	6	5	5	5	5	5	5	4
Exceptional Income / Expenses	0	0	0	0	0	1	-4	-1	-0	-6	3	0
Profit Before Tax	23	27	24	25	32	33	32	13	-16	3	37	47
Provision for Tax	8	9	8	9	11	13	11	3	-4	-0	9	11
Profit After Tax	16	17	15	17	21	20	21	10	-13	3	28	37
Adjustments	0	0	0	0	0	1	-1	-0	0	0	0	0
Profit After Adjustments	16	17	15	17	21	21	20	10	-13	3	28	37
Adjusted Earnings Per Share	24.3	27.2	23.8	25.7	32.6	31.4	32.5	16.4	-20.5	5.7	45.7	59.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	79%	15%	1%	7%
Operating Profit CAGR	179%	25%	1%	3%
PAT CAGR	833%	41%	7%	6%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	140%	74%	31%	20%
ROE Average	15%	3%	5%	8%
ROCE Average	16%	3%	6%	11%

Automobile Corp.Goa Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	165	171	175	189	197	204	210	182	167	169	194
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	0	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	18	26	36	36	13	12	12	9	3	5	10
Total Current Liabilities	86	93	128	110	89	95	78	69	61	109	132
Total Liabilities	268	290	338	335	299	311	300	260	231	283	336
Fixed Assets	59	63	69	67	63	59	56	60	55	50	49
Other Non-Current Assets	64	29	42	56	14	12	12	5	4	6	14
Total Current Assets	145	197	227	212	222	239	232	195	172	226	273
Total Assets	268	290	338	335	299	311	300	260	231	283	336

Automobile Corp.Goa Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	6	0	0	0	0	0	2	10	0	6
Cash Flow from Operating Activities	23	10	1	31	19	40	-5	21	-20	-29	-4
Cash Flow from Investing Activities	-7	-5	9	-19	-5	-29	26	25	-3	9	-29
Cash Flow from Financing Activities	-11	-11	-10	-12	-14	-10	-20	-39	14	25	28
Net Cash Inflow / Outflow	6	-6	-0	0	0	0	2	8	-10	6	-5
Closing Cash & Cash Equivalent	6	0	0	0	0	0	2	10	0	6	1

Automobile Corp.Goa Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	24.35	27.22	23.76	25.74	32.64	31.39	32.49	16.35	-20.54	5.65	45.73
CEPS(Rs)	32.72	35.62	25.78	34.11	41.39	39.67	40.72	24.94	-12.17	13.82	53.41
DPS(Rs)	12.5	15	15	15	17.5	17.5	17.5	10	0	0	17.5
Book NAV/Share(Rs)	256.42	266.09	271.85	294.58	306.16	317.3	327.56	298.23	273.89	277.45	318.14
Core EBITDA Margin(%)	7.15	7.55	4.44	5.58	6.09	5.76	7.35	2.91	-18.59	2.51	6.12
EBIT Margin(%)	8.26	8.4	5.85	5.92	6.52	6.63	7.48	4.06	-13.99	1.22	7.35
Pre Tax Margin(%)	8.23	8.33	5.77	5.83	6.47	6.56	7.45	4	-14.09	1.19	7.33
PAT Margin (%)	5.5	5.48	3.73	3.79	4.19	4.03	4.9	2.99	-10.81	1.22	5.5
Cash Profit Margin (%)	7.39	7.17	4.05	5.02	5.31	5.1	6.14	4.56	-6.41	2.99	6.42
ROA(%)	5.5	6.26	4.86	4.91	6.61	6.61	6.84	3.56	-5.1	1.34	9
ROE(%)	9.68	10.42	8.83	9.09	10.87	10.07	10.08	5.08	-7.18	2.05	15.36
ROCE(%)	14.24	15.67	13.62	13.96	16.7	16.23	15.18	6.9	-8.87	1.74	15.61
Receivable days	71.36	48.89	41.82	41.78	36.8	41.27	53.94	64.19	115.69	62.16	55.24
Inventory Days	28.41	25.27	24.96	27.03	32	37.07	40.58	47.46	124.6	51.34	32.57
Payable days	121.67	66.29	71.25	82.72	81.07	81.86	88.54	96.79	215.94	81.28	54.12
PER(x)	9.28	9.42	18.59	16.38	19.43	35.54	17.23	17.96	0	165.25	15.7
Price/Book(x)	0.88	0.96	1.62	1.43	2.07	3.52	1.71	0.98	1.49	3.37	2.26
Dividend Yield(%)	5.53	5.85	3.4	3.56	2.76	1.57	3.13	3.4	0	0	2.44
EV/Net Sales(x)	0.53	0.54	0.72	0.65	0.87	1.47	0.84	0.5	2.27	2.14	0.95
EV/Core EBITDA(x)	4.84	5.08	11.31	8.71	10.65	19.46	8.61	8.32	-23.75	42.06	12.31
Net Sales Growth(%)	-20.85	15.04	30.37	5.55	12.11	4.71	-12.92	-21.82	-65.27	143.55	79.65
EBIT Growth(%)	-36.35	14	-10.62	7.89	26.44	1.53	-3.87	-57.61	-219.79	121.24	981.9
PAT Growth(%)	-37.03	11.8	-12.71	8.34	26.8	-3.84	3.52	-52.28	-225.63	127.51	709.15
EPS Growth(%)	-37.03	11.81	-12.71	8.34	26.8	-3.84	3.52	-49.67	-225.62	127.51	709.15
Debt/Equity(x)	0.02	0.01	0.02	0.02	0.01	0.03	0	0	0.1	0.25	0.37
Current Ratio(x)	1.69	2.13	1.77	1.93	2.49	2.53	2.99	2.84	2.8	2.07	2.06
Quick Ratio(x)	1.47	1.85	1.53	1.62	1.88	2.02	2.39	2.27	2.16	1.71	1.68
Interest Cover(x)	217.33	135.63	72.22	67.23	130.83	86.05	221.2	72.92	-144.91	36.54	450.39
Total Debt/Mcap(x)	0.03	0.01	0.01	0.01	0.01	0.01	0	0	0.07	0.07	0.16

Automobile Corp.Goa Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	56.43	56.43	49.77	49.77	49.77	49.77	49.77	49.77	49.77	49.77
FII	0.01	0.01	0.01	0	0	0	0	0	0	0
DII	0	0	0	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Public	43.56	43.56	50.21	50.21	50.21	50.21	50.21	50.21	50.21	50.21
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.34	0.34	0.3	0.3	0.3	0.3	0.3	0.3	0.3	0.3
FII	0	0	0	0	0	0	0	0	0	0
DII	0	0	0	0	0	0	0	0	0	0
Public	0.27	0.27	0.31	0.31	0.31	0.31	0.31	0.31	0.31	0.31
Others	0	0	0	0	0	0	0	0	0	0
Total	0.61	0.61	0.61	0.61	0.61	0.61	0.61	0.61	0.61	0.61

Pros

Debtor days have improved from 81.28 to 54.12days.
Company is almost debt free.

Cons

Promoter holding is low: 49.77%.
Company has a low return on equity of 3% over the last 3 years.
Stock is trading at 5.5 times its book value.
The company has delivered a poor profit growth of 6% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.