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- BHARAT FORGE - AUTOMOTIVE AXLES
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 
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
Current Valuations
| BHARAT FORGE | AUTOMOTIVE AXLES | BHARAT FORGE/ AUTOMOTIVE AXLES |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 20.5 | 11.3 | 181.1% | View Chart |
| P/BV | x | 3.9 | 2.5 | 156.5% | View Chart |
| Dividend Yield | % | 1.1 | 2.3 | 49.7% |
Financials
 BHARAT FORGE  AUTOMOTIVE AXLES |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| BHARAT FORGE Mar-19 |
AUTOMOTIVE AXLES Mar-19 |
BHARAT FORGE/ AUTOMOTIVE AXLES |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 784 | 1,688 | 46.4% | |
| Low | Rs | 452 | 991 | 45.6% | |
| Sales per share (Unadj.) | Rs | 217.9 | 1,292.7 | 16.9% | |
| Earnings per share (Unadj.) | Rs | 22.2 | 81.0 | 27.4% | |
| Cash flow per share (Unadj.) | Rs | 33.4 | 111.8 | 29.8% | |
| Dividends per share (Unadj.) | Rs | 5.00 | 20.00 | 25.0% | |
| Dividend yield (eoy) | % | 0.8 | 1.5 | 54.2% | |
| Book value per share (Unadj.) | Rs | 115.5 | 359.0 | 32.2% | |
| Shares outstanding (eoy) | m | 465.59 | 15.00 | 3,103.9% | |
| Bonus/Rights/Conversions | - | - | - | ||
| Price / Sales ratio | x | 2.8 | 1.0 | 273.7% | |
| Avg P/E ratio | x | 27.9 | 16.5 | 168.6% | |
| P/CF ratio (eoy) | x | 18.5 | 12.0 | 154.6% | |
| Price / Book Value ratio | x | 5.4 | 3.7 | 143.4% | |
| Dividend payout | % | 22.5 | 24.7 | 91.3% | |
| Avg Mkt Cap | Rs m | 287,711 | 20,093 | 1,431.9% | |
| No. of employees | `000 | NA | 1.1 | 0.0% | |
| Total wages/salary | Rs m | 12,463 | 1,235 | 1,009.1% | |
| Avg. sales/employee | Rs Th | NM | 18,466.7 | - | |
| Avg. wages/employee | Rs Th | NM | 1,176.2 | - | |
| Avg. net profit/employee | Rs Th | NM | 1,157.6 | - | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Net Sales | Rs m | 101,457 | 19,390 | 523.2% | |
| Other income | Rs m | 2,028 | 30 | 6,759.7% | |
| Total revenues | Rs m | 103,485 | 19,420 | 532.9% | |
| Gross profit | Rs m | 20,556 | 2,291 | 897.2% | |
| Depreciation | Rs m | 5,208 | 462 | 1,127.3% | |
| Interest | Rs m | 1,272 | 6 | 21,203.3% | |
| Profit before tax | Rs m | 16,104 | 1,853 | 869.0% | |
| Minority Interest | Rs m | -120 | 0 | - | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Extraordinary Inc (Exp) | Rs m | 0 | 0 | - | |
| Tax | Rs m | 5,657 | 638 | 887.3% | |
| Profit after tax | Rs m | 10,326 | 1,216 | 849.5% | |
| Gross profit margin | % | 20.3 | 11.8 | 171.5% | |
| Effective tax rate | % | 35.1 | 34.4 | 102.1% | |
| Net profit margin | % | 10.2 | 6.3 | 162.4% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Current assets | Rs m | 55,389 | 6,437 | 860.5% | |
| Current liabilities | Rs m | 41,088 | 3,213 | 1,279.0% | |
| Net working cap to sales | % | 14.1 | 16.6 | 84.8% | |
| Current ratio | x | 1.3 | 2.0 | 67.3% | |
| Inventory Days | Days | 66 | 35 | 191.2% | |
| Debtors Days | Days | 77 | 65 | 118.5% | |
| Net fixed assets | Rs m | 45,609 | 2,243 | 2,033.0% | |
| Share capital | Rs m | 931 | 151 | 616.3% | |
| "Free" reserves | Rs m | 52,829 | 5,233 | 1,009.5% | |
| Net worth | Rs m | 53,761 | 5,384 | 998.5% | |
| Long term debt | Rs m | 16,785 | 659 | 2,547.1% | |
| Total assets | Rs m | 116,422 | 9,333 | 1,247.5% | |
| Interest coverage | x | 13.7 | 309.9 | 4.4% | |
| Debt to equity ratio | x | 0.3 | 0.1 | 255.1% | |
| Sales to assets ratio | x | 0.9 | 2.1 | 41.9% | |
| Return on assets | % | 10.0 | 13.1 | 76.1% | |
| Return on equity | % | 19.2 | 22.6 | 85.1% | |
| Return on capital | % | 24.5 | 30.8 | 79.5% | |
| Exports to sales | % | 0 | 0 | - | |
| Imports to sales | % | 0 | 0 | - | |
| Exports (fob) | Rs m | NA | NA | - | |
| Imports (cif) | Rs m | NA | NA | - | |
| Fx inflow | Rs m | 37,443 | 0 | - | |
| Fx outflow | Rs m | 7,518 | 0 | - | |
| Net fx | Rs m | 29,924 | 0 | - | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | 9,115 | 977 | 932.5% | |
| From Investments | Rs m | -11,751 | -1,492 | 787.4% | |
| From Financial Activity | Rs m | 3,677 | 470 | 781.9% | |
| Net Cashflow | Rs m | 832 | -45 | -1,857.8% | |
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 | - |
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BHARAT FORGE 2018-19 Annual Report Analysis (Annual Result Update)
Sep 16, 2019 | Updated on Sep 16, 2019Here's an analysis of the annual report of BHARAT FORGE for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of BHARAT FORGE. Also includes updates on the valuation of BHARAT FORGE.
AUTOMOTIVE AXLES 2018-19 Annual Report Analysis (Annual Result Update)
Sep 16, 2019 | Updated on Sep 16, 2019Here's an analysis of the annual report of AUTOMOTIVE AXLES for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of AUTOMOTIVE AXLES. Also includes updates on the valuation of AUTOMOTIVE AXLES.
AUTOMOTIVE AXLES Announces Quarterly Results (1QFY20); Net Profit Down 15.1% (Quarterly Result Update)
Aug 20, 2019 | Updated on Aug 20, 2019For the quarter ended June 2019, AUTOMOTIVE AXLES has posted a net profit of Rs 246 m (down 15.1% YoY). Sales on the other hand came in at Rs 4 bn (down 11.7% YoY). Read on for a complete analysis of AUTOMOTIVE AXLES's quarterly results.
BHARAT FORGE Announces Quarterly Results (1QFY20); Net Profit Down 25.7% (Quarterly Result Update)
Aug 14, 2019 | Updated on Aug 14, 2019For the quarter ended June 2019, BHARAT FORGE has posted a net profit of Rs 2 bn (down 25.7% YoY). Sales on the other hand came in at Rs 13 bn (down 9.0% YoY). Read on for a complete analysis of BHARAT FORGE's quarterly results.
BHARAT FORGE Announces Quarterly Results (4QFY19); Net Profit Up 198.5% (Quarterly Result Update)
May 24, 2019 | Updated on May 24, 2019For the quarter ended March 2019, BHARAT FORGE has posted a net profit of Rs 3 bn (up 198.5% YoY). Sales on the other hand came in at Rs 17 bn (up 13.8% YoY). Read on for a complete analysis of BHARAT FORGE's quarterly results.
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