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Auto ancillaries: Huge potential

Jan 5, 2004

While some Indian companies were winning plaudits for their work in the services field such as IT and BPO, companies from the manufacturing sector weren't exactly treading the same path. However, if the developments that have taken place recently in the auto ancillary industry are any indication, it won’t be long before the auto ancillary industry in the country does a repeat act. And this newfound optimism in the industry is not without reason.

MICO: An overview

Dec 19, 2003

Motor Industries Company Limited (MICO), a member of the Bosch Group (Germany), is the country's leading manufacturer of automotive Spark Plugs and Diesel Fuel Injection Equipment. In addition, MICO also manufactures Industrial Equipment, Auto Electricals and Hydraulic Gear Pumps for tractor applications.

MICO: Profits plummet

Oct 29, 2001

The slowdown in the economy and sluggish auto volumes have had a significant impact on the third quarter results of Motor Industries Company (MICO). While sales have dropped by 11% for 3QFY02, profits have plummeted by 41% on account of a sharp fall in operating margins.

Motor Industries net declines 52% YoY

Apr 30, 2001

Motor Industries Company Ltd (MICO),sales grew by 6% YoY in 1QFY02 to Rs 4,363 m. However, as the operating expenditure grew by 6.2% YoY during this period the company's operating margins dipped to 15.5% in 1QFY02.

Sundaram Clayton FY01 net dips 21% YoY

Apr 19, 2001

Sundaram Clayton, a leading manufacturer of hyrdaulic brake actuator systems and castings has reported a 20% decline in its net for FY01 to Rs 182 m. The company's sales have grown by only 4% during the year.

Sundaram Clayton net drops by 71.3%

Nov 6, 2000

Sundaram Clayton, a leading manufacturer of hyrdaulic brake actuator systems and castings has reported a 71% decline in its net for the 2QFY01E to Rs 13 m. The company's sales have fallen by 2.5% YoY during this period.

Sundram Fasteners Ltd net drops by 27% YoY.

Nov 6, 2000

Sundram Fasteners, a leading manufacturer and exporter of high tensile fastners, reported a 27% decline in its 2QFY01 net profit. The company sales fell by 14% YoY. The domestic sales fell by 21% YoY during this period due to the overall slowdown in the automobile industry, however its exports went up sharply by 29% YoY.

Motor Industries Company Ltd net down 22%

Nov 6, 2000

The company's sales have grown by 9% YoY in the 2QFY01 to Rs 4,163 m. However, as the operating expenditure grew by 12.3% YoY during this period the company's operating margins have declined to 16.7% in the 2QFY01.

Sundram Fasteners : Globalisation is the key

Oct 6, 2000

Sundram Fasteners Ltd (SFL), a professionally managed company has for the fourth consecutive year won the "GM supplier of the Year" award in FY2000. The prospects for the automobile ancillary industry are dull in the current year as demand has slackened in almost all automobile segments. Hence though the short term prospects for the company do not seem to be attractive, SFL has many positives to come out a winner in the long term.

Consolidation and globalisation to change the shape of things ...

Apr 29, 2000

During financial year 98 and 99 the domestic auto ancillary industry faced tough times as they reeled under the slowdown faced by the automobile sector. In financial year 99 the production of the auto ancillary segment was valued at Rs 126.8 bn, of this the organised sector accounted for 78 percent and the small scale sector for 22 percent. For financial year 2000, the automobile industry has shown a smart recovery and all segments besides scooters

Riding high on the automobile sector wave...

Apr 29, 2000

Financial Year 2000 was a good year for the automobile sector as sales picked up in all segments except for scooters which saw a decline in sales. This in turn benefited auto ancillary players like Sundaram Clayton (SC). SC which depends on commercial vehicle sales growth, saw a robust growth in its bottomline in financial year 2000 as a result of this pick up. SCL's presence in the auto ancillary segment is in two businesses namely hydraulic brake ac

Sundaram-Clayton posts a 44% growth in net

Apr 21, 2000

Sundaram Clayton (SCL) has reported a net sales of Rs 2,317 m for FY2000 which is a growth of 45% YoY, while its operating expenses grew by 41% YoY during this period. As a result the operating profits of the company have jumped up 81% YoY to Rs 247 m in FY2000, as compared to Rs 137 m reported in FY99.

MICO has reported a net profit growth of 51% for FY2000.

Mar 24, 2000

MICO has reported a net profit of Rs 1,058 m in FY2000, a growth of 51.4% YOY. Its operating margins have improved from 16% in FY99 to 17% in FY2000

Sundaram Fasteners net rises 33%

Feb 5, 2000

Sundaram Fasteners has posted net profit growth of 33.3%, while sales have increased 17.3%.The company's net profit margin has firmed up to 10.5% from 9.3% in 3QFY1999.

Ucal Fuel net slumps 35%

Feb 5, 2000

Ucal Fuel has witnessed 35.1% decline in net profit despite a 30.8% jump in sales. The company's net profit margin has halved to 7.3% from 14.7% in 3QFY2000.

Sundaram Clayton net up 43%

Jan 27, 2000

Sundaram Clayton has posted a rise of 52.2% in sales to Rs 646.3 m. Net profit jumped 43.0% to Rs 92.7 m. However, the company's net profit margin declined from 14.3% to 15.3%.

Gabriel India posts 14% rise in sales

Jan 21, 2000

Gabriel has witnessed 14% increase in sales to Rs 586.5 m. Net profit has also appreciated to Rs 1.4 m. The company's margins have risen from 0.02% last year to 0.24%.

Sona Steering sales doubles in 3QFY2000

Jan 21, 2000

Sona Steering has witnessed a 100.6% sales appreciation to Rs 550 m in 3QFY2000. The company has registered a net profit of Rs 16.9 m, as against a loss of Rs 25.2 m in the corresponding quarter last year.

Bharat Forge to fuel growth by 'forging' acquisitions

Jan 18, 2000

Bharat Forge (Kalyani group) has outlined plans to acquire companies in the local/overseas market.

Bharat Forge net jumps 90%

Jan 17, 2000

Bharat Forge, a leading auto ancillary company, witnessed 27.4% rise in sales during 3QFY2000. Net profit zoomed 90.1% to Rs 194.1 m. Profitability was nevertheless affected by a steep rise in depreciation to Rs 80.2 m. The company's net profit margin improved to 12.7% from 8.5% in the corresponding quarter last year.


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