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Automotive Axles Share Price

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NSEBSE

1855.3558.65 (3.26%)

03:46 PM,18th Apr 2024

1818.0026.55 (1.48%)

04:01 PM,18th Apr 2024

BSE : 505010

NSE : AUTOAXLES

Sector : Auto

ISIN Code : INE449A01011

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Last Updated: Apr 18 2024 | 04:01 PM IST

Market Cap (₹ Cr)

2803

Turnover (₹ Cr)

0.56

Volume (Shares)

30252

Face Value

10

52-WK High

2693.20

52-WK High Date

15 May 2023

52-WK Low

1742.15

52-WK Low Date

27 Mar 2024

All Time High

2693.20

All Time High Date

15 May 2023

All Time Low

12.90

All Time Low Date

22 Oct 1998

Automotive Axles Ltd

Promoted as a joint venture by the Kalyani Group and Rockwell International Corporation US (35.52% stake) in 1981 Automotive Axles Limited (AAL) manufactures all types of complete axles and axle assemblies including components and corresponding brake sets. It manufactures automotive gears and air- and hydraulic-activated brake assemblies. The Company is the largest independent manufacturer of Rear Drive Axle Assemblies in the country. The Company is a joint venture company incorporated in 1981 between Bharat Forge Limited Pune India and Meritor Heavy Vehicle Systems LLC USA. The Company is primarily engaged in manufacturing of Axles and Brakes at Mysore Rudrapur and Jamshedpur. The Company's Rs 30.3-cr project at Hootagali near Mysore commenced commercial production in Jul.'84. The company entered the capital market with a public issue.The Company came out of the purview of the Sick Industrial Companies Act 1985. But the very next year its Networth started to erode. So in 1994-95 it embarked on a restructuring of the capital in consultation with financial institutions. The company came out with a rights issue in Feb.'95 to part-finance an expansion project to increase the manufacturing capacity of axles and brakes.During 1996-97 the expansion of Axles capacity has been completed and of brakes was put on hold in view of down turn in the market.The company managed to achieve an impressive 20% growth in sales during the year 1999-2000. As the company is continuing to pursue its efforts on increasing penetration into other domestic and export market opportunities Meritor HVS (India) Ltd has tied-up technical licensing arrangement for new products for Ashok Leyland and Volvo India Ltd. and already export business worth US $ 4 Million has been achieved.During 2010-2011 Company had established brake manufacturing facility at Mysore & Rudrapur with Building Plant and Machinery purchased from Kalyani Global Engineering Pvt Ltd. Thereafter it established Contract Manufacturing Facility for manufacturing Trailer Axles in Greater Noida Uttar Pradesh with the plant and inventories purchased from ANG Industries Limited.During the year 2011-12 the Company took up the initiative along with other group companies to generate power from Green Energy sources and installed one Wind Turbine Generator with 2.00 MW generation capacity at Tithwa Gujarat. Total Generation of power from the wind mill during the year was 17.42 Lacs KwH (April to September 2012) which was in turn sold to Gujarat Urja Vikas Nigam Limited. Company launched two new products in 2012-13 - one in the lower variant of 5T axle and the higher variant of 18T reduction axle.The Company expanded its manufacturing foot print with a new state-of-the-art plant at Jamshedpur for manufacturing Brakes and Trailer axles. The plant had 50000 Sq.Ft built-up area and had a capacity to make 30000 brakes and 2500 Tag & Trailer per month in FY 2013-14. The Company installed a facility to manufacture Hub Reduction Axles at its Mysuru plant during FY 2014-15.During the year 2021-22 Company introduced the largest axle in India for 55 tonnes vehicles.

Automotive Axles Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

2803

EPS - TTM (₹) [S]

114.41

P/E Ratio (X) [S]

3.53

Face Value (₹) 10
Latest Dividend (%)320.00
Latest Dividend Date 27 Jul 2023
Dividend Yield (%) 1.72
Book Value Share (₹) [S]525.05
P/B Ratio (₹) [S]3.53
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Nippon India Small Cap Fund (G) 131.43 747858 0.29
Nippon India Small Cap Fund (B) 131.43 747858 0.29
Nippon India Small Cap Fund - Direct (B) 131.43 747858 0.29
Nippon India Small Cap Fund - Direct (G) 131.43 747858 0.29
Nippon India ELSS Tax Saver Fund - (G) 104.08 592211 0.73
Nippon India ELSS Tax Saver Fund - (IDCW) 104.08 592211 0.73
Nippon India ELSS Tax Saver Fund - Direct (G) 104.08 592211 0.73
Nippon India ELSS Tax Saver Fund - Direct (IDCW) 104.08 592211 0.73
Nippon India ELSS Tax Saver Fund - Direct (IDCW-A) 104.08 592211 0.73
Nippon India ELSS Tax Saver Fund - (IDCW-A) 104.08 592211 0.73

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Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

1802.00

1869.00

Week Low/High

1790.00

1869.00

Month Low/High

1742.15

1941.00

Year Low/High

1742.15

2693.00

All time Low/High

14.00

2693.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week0.50%0.57%-3.40-3.33%
1 Month-2.30%-2.18%-0.36-0.27%
3 Month-13.88%-13.71%1.832.49%
6 Month-18.76%-18.77%10.0411.82%
1 Year-22.58%-22.53%21.3724.55%
3 Year80.60%81.19%48.4550.47%

Company Info

Company Information

Chairman & Non Executive Dir. : Baba Kalyani

Non Executive Director : Kenneth James Hogan

Independent Non Exe. Director : B B Hattarki

Independent Non Exe. Director : B C Prabhakar

Whole-time Director : Nagaraja Sadashiva Murthy Gargeshwari

Addtnl Independent Director : Bijal Tushar Ajinkya

Registered Office: Hootagalli Industrial Area, Off Hunsur Road,Mysore,Karnataka-570018 Ph: 91-0821-7197500

Email:info@autoaxle.com

URL:http://www.autoaxle.com