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Compare Bharat Forge with AUTOMOTIVE AXLES - Equitymaster
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BHARAT FORGE vs AUTOMOTIVE AXLES - Comparison Results

BHARAT FORGE    Change

Bharat Forge (BFRG) is the second largest forging company in the world with operations at 11 locations in 5 countries. It is the largest exporter of auto components from India and a world leading manufacturer of chassis component. It manufacturers

AUTOMOTIVE AXLES 
   Change

Established in 1981, Automotive Axles Limited (AAL) is a joint venture between the Kalyani Group and Meritor Inc., USA (formerly the automotive division of Rockwell International Corporation). The company has manufacturing facilities located at

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Current Valuations

    BHARAT FORGE AUTOMOTIVE AXLES BHARAT FORGE/
AUTOMOTIVE AXLES
 
P/E (TTM) x 48.0 22.9 209.9% View Chart
P/BV x 6.4 3.4 187.9% View Chart
Dividend Yield % 0.2 0.7 29.6%  

Financials

 BHARAT FORGE   AUTOMOTIVE AXLES
EQUITY SHARE DATA
    BHARAT FORGE
Mar-17
AUTOMOTIVE AXLES
Mar-16
BHARAT FORGE/
AUTOMOTIVE AXLES
5-Yr Chart
Click to enlarge
High Rs1,094830 131.8%   
Low Rs687510 134.7%   
Sales per share (Unadj.) Rs283.4718.7 39.4%  
Earnings per share (Unadj.) Rs30.523.0 132.7%  
Cash flow per share (Unadj.) Rs49.949.1 101.7%  
Dividends per share (Unadj.) Rs2.505.50 45.5%  
Dividend yield (eoy) %0.30.8 34.2%  
Book value per share (Unadj.) Rs176.8216.5 81.7%  
Shares outstanding (eoy) m232.7915.11 1,540.6%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x3.10.9 337.0%   
Avg P/E ratio x29.229.1 100.2%  
P/CF ratio (eoy) x17.813.6 130.7%  
Price / Book Value ratio x5.03.1 162.7%  
Dividend payout %8.223.9 34.3%   
Avg Mkt Cap Rs m207,27610,124 2,047.4%   
No. of employees `000NA0.4 0.0%   
Total wages/salary Rs m9,309798 1,166.3%   
Avg. sales/employee Rs ThNM30,165.7-  
Avg. wages/employee Rs ThNM2,217.2-  
Avg. net profit/employee Rs ThNM965.8-  
INCOME DATA
Net Sales Rs m65,98210,860 607.6%  
Other income Rs m1,19316 7,563.7%   
Total revenues Rs m67,17410,875 617.7%   
Gross profit Rs m12,511947 1,320.6%  
Depreciation Rs m4,521394 1,146.2%   
Interest Rs m1,00054 1,868.4%   
Profit before tax Rs m8,183515 1,588.4%   
Minority Interest Rs m00-   
Prior Period Items Rs m1310-   
Extraordinary Inc (Exp) Rs m1,2840-   
Tax Rs m2,492168 1,487.6%   
Profit after tax Rs m7,107348 2,044.1%  
Gross profit margin %19.08.7 217.4%  
Effective tax rate %30.432.5 93.7%   
Net profit margin %10.83.2 336.4%  
BALANCE SHEET DATA
Current assets Rs m42,2013,410 1,237.7%   
Current liabilities Rs m32,0621,894 1,692.5%   
Net working cap to sales %15.414.0 110.1%  
Current ratio x1.31.8 73.1%  
Inventory Days Days5937 160.0%  
Debtors Days Days7467 111.5%  
Net fixed assets Rs m37,3031,773 2,104.0%   
Share capital Rs m466151 308.2%   
"Free" reserves Rs m40,6983,121 1,304.0%   
Net worth Rs m41,1643,272 1,258.1%   
Long term debt Rs m10,5910-   
Total assets Rs m88,4075,268 1,678.4%  
Interest coverage x9.210.6 86.4%   
Debt to equity ratio x0.30-  
Sales to assets ratio x0.72.1 36.2%   
Return on assets %9.27.6 120.4%  
Return on equity %17.310.6 162.5%  
Return on capital %20.517.4 117.8%  
Exports to sales %00-   
Imports to sales %02.1 0.0%   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNA226 0.0%   
Fx inflow Rs m19,5770-   
Fx outflow Rs m3,081232 1,328.6%   
Net fx Rs m16,496-232 -7,113.3%   
CASH FLOW
From Operations Rs m10,517569 1,848.0%  
From Investments Rs m-6,844-253 2,706.1%  
From Financial Activity Rs m-4,007-349 1,147.0%  
Net Cashflow Rs m-856-33 2,578.0%  

Share Holding

Indian Promoters % 46.7 35.5 131.5%  
Foreign collaborators % 0.0 35.5 -  
Indian inst/Mut Fund % 16.9 12.5 135.2%  
FIIs % 13.7 0.1 13,700.0%  
ADR/GDR % 0.0 0.0 -  
Free float % 22.7 16.4 138.4%  
Shareholders   51,211 8,280 618.5%  
Pledged promoter(s) holding % 0.0 0.0 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare BHARAT FORGE With:   AUTO CORP. OF GOA  BOSCH LTD  DENSO INDIA  MOTHERSON SUMI  SKF INDIA  



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Aug 21, 2017 03:37 PM

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