Amtek Auto (Delisted) share price

BSE: 520077Auto Components

Amtek Auto Ltd · Face value ₹2 · Listed Oct 2000

Last traded ₹2.75 on 1 Apr 2019

Delisted on 27 Sep 2021.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

Sep 2021

Q3 results, quarter to Dec 2020

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue: ₹125 Cr−31.5% on a year ago · +4.9% on the quarter before
Operating profit: −₹1.23 Cr
Net profit: −₹82 Cr
Earnings per share: −₹3.31
Operating margin: −1.0%
Net margin: −65.7%

From revenue to net profit, ₹ crore

Revenue125
Materials and goods−80
Employee costs−19
Other expenses−28
Operating profit−1.2
Depreciation−82
Other income+3.3
Finance costs−2.1
Profit before tax−82
Tax0.0
Net profit−82

Amtek Auto results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Dec 2020. Results for the quarter to Mar 2021 were due by 30 May 2021, 60 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit
Loss

A loss in 12 of the 12 quarters shown

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017Q3	Mar 2018	Jun 2018Q1	Sep 2018	Dec 2018Q3	Mar 2019	Jun 2019Q1	Sep 2019	Dec 2019Q3	Mar 2020	Jun 2020Q1	Sep 2020	Dec 2020Q3
Revenue from operations	651	553	497	457	442	425	344	314	340	313	299	262	274	213	189	183	144	32	119	125
	530	461	400	367	358	389	330	310	679	305	282	262	254	209	201	187	883	96	144	127
Materials and goods bought	484	381	281	367	278	309	239	218	238	215	200	185	193	157	141	134	109	25	87	80
Employee costs	–	–	–	–	33	29	28	27	23	24	25	23	22	21	19	19	18	12	17	19
Other expenses	–	–	–	–	47	51	63	65	418	66	57	54	39	32	41	34	756	60	41	28
Operating profit before depreciation	121	92	97	90	84	36	14	4	−339	9	17	−1	19	3	−12	−4	−739	−64	−25	−1
Operating margin	18.5%	16.6%	19.6%	19.7%	19.0%	8.4%	4.1%	1.2%	−99.6%	2.8%	5.8%	−0.4%	7.0%	1.6%	−6.2%	−2.0%	−511.7%	−196.8%	−20.6%	−1.0%
Depreciation and amortisation	147	146	151	136	135	135	259	84	232	84	84	84	82	82	83	83	83	82	83	82
Other income	–	23	2	1	6	22	23	2	28	2	2	2	2	3	5	6	5	4	4	3
Finance costs	290	328	339	366	333	342	285	2	−7	3	3	3	3	3	3	3	9	4	4	2
Profit before one-off items and tax	−317	−359	−391	−411	−379	−419	−507	−80	−536	−76	−67	−86	−63	−78	−92	−83	−825	−146	−108	−82
One-off items	−440	−20	−683	–	–	−505	−9,361	−1	−19	−14	0	0	−50	0	0	−11	7	0	0	0
Profit before tax	−756	−380	−1,074	−411	−379	−924	−9,867	−80	−555	−90	−67	−86	−113	−78	−92	−94	−818	−146	−108	−82
	−227	−60	−319	−169	−71	−35	785	0	1	0	0	0	0	0	0	0	0	0	0	0
Current tax	–	–	–	–	–	–	0	0	1	0	0	0	0	0	0	0	0	0	0	0
Deferred tax	–	–	–	–	–	–	785	0	0	0	0	0	0	0	0	0	0	0	0	0
Net profit	−529	−320	−755	−242	−308	−890	−10,652	−80	−556	−90	−67	−86	−113	−78	−92	−94	−818	−146	−108	−82
Other comprehensive income	–	–	–	–	–	–	−68	0	70	0	0	0	0	0	0	0	1	0	3	2
Total comprehensive income	–	–	–	–	–	–	−10,720	−80	−486	−90	−67	−85	−113	−78	−92	−94	−818	−145	−104	−81
Net margin	−81.2%	−57.8%	−151.9%	−52.8%	−69.5%	−209.5%	−3,100.0%	−25.6%	−163.4%	−28.8%	−22.5%	−32.8%	−41.5%	−36.9%	−48.8%	−51.6%	−566.7%	−451.6%	−90.0%	−65.7%
Earnings per share	–	–	–	–	−₹13.67	−₹35.83	−₹429.09	−₹3.23	−₹22.39	−₹3.63	−₹2.71	−₹3.45	−₹4.57	−₹3.16	−₹3.72	−₹3.80	−₹32.96	−₹5.87	−₹4.33	−₹3.31

Earnings per share in rupees, restated for later splits and bonuses.

The quarters either side of a change of basis do not compare. From the quarter to Mar 2018, the company's revenue for the year to Mar 2018, ₹1,460 Cr, differs from its quarters added, ₹1,422 Cr. From the quarter to Mar 2019, the company's revenue for the year to Mar 2019, ₹1,136 Cr, differs from its quarters added, ₹1,147 Cr.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to June, then September, then March.

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

A loss in 5 of the 9 years with results on record

Operating and net margin, per cent

The company moved its year end from June to September: its last year to June on record ended in Jun 2012, its first year to September in Sep 2014. The company moved its year end from September to March: its last year to September on record ended in Sep 2015, its first year to March in Mar 2017.

The years either side of a change of basis do not compare. From the year to Jun 2011, the company's revenue for that year, ₹1,960 Cr, differs from its quarters added, ₹1,793 Cr. From the year to Jun 2012, the company's revenue for that year, ₹2,454 Cr, differs from its quarters added, ₹2,286 Cr. From the year to Mar 2018, the company's revenue for that year, ₹1,460 Cr, differs from its quarters added, ₹1,422 Cr. From the year to Mar 2019, the company's revenue for that year, ₹1,136 Cr, differs from its quarters added, ₹1,147 Cr.

Results for the year to Mar 2020

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

Revenue729
Materials and goods−541
Employee costs−77
Other expenses−862
Operating profit−751
Depreciation−331
Other income+19
One-off items−4.3
Finance costs−17
Profit before tax−1,083
Tax0.0
Net profit−1,083

What the company owns

Plant, investments and other assets₹2,232 Cr
Cash and bank₹103 Cr
Inventory₹101 Cr
Receivables₹62 Cr

What pays for it: net worth and liabilities

Borrowings₹2,011 Cr
Owed to suppliers₹260 Cr
Other liabilities₹228 Cr

Profit and loss

Standalone, ₹ crore, years to June, then September, then March. No results on record for the year to Sep 2013. The last column is the twelve months to Dec 2020, the latest four quarters added.

₹ crore	Jun 2010	Jun 2011	Jun 2012	Sep 2013	Sep 2014	Sep 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Dec 2020Twelve months
Revenue from operations	1,278	1,960	2,454	–	4,000	3,774	1,950	1,460	1,136	729	421
	933	–	–	–	2,770	–	1,587	3,147	1,102	1,480	1,249
Materials and goods bought	776	1,112	1,376	–	2,335	–	1,239	1,042	793	541	300
Employee costs	60	–	–	–	147	–	130	102	94	77	65
Other expenses	96	–	–	–	288	–	218	2,003	215	862	884
Operating profit before depreciation	345	–	–	–	1,230	–	363	−1,687	34	−751	−828
Operating margin	27.0%	–	–	–	30.8%	–	18.6%	−115.6%	3.0%	−103.0%	−196.5%
Materials, % of revenue	60.7%	–	–	–	58.4%	–	63.5%	71.4%	69.8%	74.2%	71.3%
Employee costs, % of revenue	4.7%	–	–	–	3.7%	–	6.7%	7.0%	8.3%	10.6%	15.4%
Other expenses, % of revenue	7.5%	–	–	–	7.2%	–	11.2%	137.2%	18.9%	118.2%	209.9%
Depreciation and amortisation	167	186	–	–	329	–	569	711	334	331	331
Operating profit after depreciation	179	–	–	–	901	–	−206	−2,398	−300	−1,082	−1,159
Other income	147	161	–	–	–	–	33	75	19	19	17
Finance costs	113	149	186	–	429	775	1,367	582	11	17	19
Profit before one-off items and tax	212	319	410	–	472	−344	−1,540	−2,905	−292	−1,079	−1,161
One-off items	–	–	–	–	–	157	−704	−8,708	−65	−4	7
Profit before tax	212	319	410	–	472	−187	−2,244	−11,613	−357	−1,083	−1,154
	58	51	118	–	149	−72	−620	537	0	0	0
Current tax	–	–	–	–	–	–	–	537	0	0	0
Net profit	143	82	292	–	323	−116	−1,624	−12,151	−357	−1,083	−1,154
Other comprehensive income	–	–	–	–	–	–	–	2	1	2	6
Total comprehensive income	–	–	–	–	–	–	–	−12,149	−356	−1,082	−1,148
Net margin	11.2%	4.2%	11.9%	–	8.1%	−3.1%	−83.3%	−832.3%	−31.4%	−148.6%	−273.8%

Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Jun 2011: revenue, other income and exceptional items less the total expenses stated do not come to the profit before tax the same statement states, so the operating expenses cannot be told apart from the rest. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the years to Jun 2012 and Sep 2015: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.

Balance sheet

Standalone, ₹ crore, at 30 June, then 30 September, then 31 March. The last column is the half year to Sep 2020, after the latest full year: the balance sheet at its end.

₹ crore	Mar 2018	Mar 2019	Mar 2020	Sep 2020Half year
	−9,072	−9,428	−10,509	−10,759
Share capital	50	50	50	50
Reserves	−9,122	−9,477	−10,559	−10,809
Borrowings	2,005	2,011	2,011	2,011
	13,001	12,993	12,951	12,943
Trade payables	313	308	260	246
Other financial liabilities	10,659	10,657	10,661	10,666
Other liabilities	22	16	18	18
Provisions	2	1	2	2
	15	17	56	57
Other financial liabilities	0	–	39	42
Provisions	15	17	18	15
	3,944	3,582	2,498	2,241
Held for sale or for a demerger	77	77	77	77
	3,318	2,963	1,961	1,796
Plant in use, after depreciation	2,494	2,140	1,861	–
Plant being built	0	0	1	–
Investments	811	810	84	84
Loans given	3	4	6	6
Other assets	9	9	9	9
	549	541	461	368
Inventories	148	160	101	68
Trade receivables	199	131	62	50
Cash and cash equivalents	9	37	93	131
Other bank balances	11	9	10	0
Current investments	0	0	0	0
Loans given	4	2	1	1
Other financial assets	0	0	–	0
Tax paid in advance	10	13	16	17
Other assets	168	189	178	101
Net debt	1,985	1,965	1,907	1,879

Borrowings are counted again inside the liabilities due within a year and after a year. Plant in use and plant being built are given for full years only. No balance sheet is on record for the years to Jun 2010, Jun 2011, Jun 2012, Sep 2014, Sep 2015 and Mar 2017, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to June, then September, then March. The last column is the half year to Sep 2020, after the latest full year: the cash flow over its six months.

₹ crore	Sep 2020Half year
	27.3
	27.8
	44.9
Receivables	12.7
Inventories	33.0
Payables	−13.6
Other working capital	12.9
Tax paid	−0.6
Capital spending	1.4
Free cash flow	25.9
	10.3
Interest received	2.2
Cash from financing	0.0
Dividends paid	0.0
Shares bought back	0.0
Shares issued	0.0
Net change in cash	37.6

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only.

Standalone, ₹ per share, years to June, then September, then March.

₹ per share	Jun 2010	Jun 2011	Jun 2012	Sep 2013	Sep 2014	Sep 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Earnings per share	₹8.61	₹3.87	₹13.38	–	₹14.78	–	−₹72.24	−₹489.44	−₹14.36	−₹43.64
Diluted earnings per share	₹6.71	₹3.83	₹13.38	–	₹14.72	–	−₹72.24	−₹489.44	−₹14.36	−₹43.64
Book value per share	–	–	–	–	–	–	–	−₹365.45	−₹379.77	−₹423.34
Market cap at the year end (₹ crore)	3,474	3,516	2,399	–	4,442	–	–	519	68	–

Ratios

Standalone, years to June, then September, then March.

Ratio	Jun 2010	Jun 2011	Jun 2012	Sep 2013	Sep 2014	Sep 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Revenue growth	21.4%	–	–	–	–	−5.6%	–	–	–	−35.8%
Operating profit growth	35.8%	–	–	–	–	–	–	–	–	–
Net profit growth	−6.6%	–	–	–	–	–	–	–	–	–
Earnings per share growth	−20.8%	–	–	–	–	–	–	–	–	–
	–	–	–	–	–	–	–	133.9%	3.9%	10.9%
	–	–	–	–	–	–	–	–	−130.1 pts	7.0 pts
From the net margin	–	–	–	–	–	–	–	–	−128.9 pts	14.4 pts
From asset turnover	–	–	–	–	–	–	–	–	−0.9 pts	−3.7 pts
From borrowing	–	–	–	–	–	–	–	–	−0.3 pts	−3.6 pts
Interest cover	1.6	–	–	–	2.1	–	–	–	–	–
Receivable days	–	–	–	–	–	–	–	50	42	31
Inventory days	–	–	–	–	–	–	–	52	74	68
Payable days	–	–	–	–	–	–	–	110	142	175
Cash conversion cycle, days	–	–	–	–	–	–	–	−8	−26	−76
Working capital days	–	–	–	–	–	–	–	−2,617	−3,370	−5,298
Asset turnover	–	–	–	–	–	–	–	0.37	0.30	0.24
Assets per rupee of net worth	–	–	–	–	–	–	–	−0.43	−0.41	−0.31
Sales per rupee of plant	–	–	–	–	–	–	–	0.59	0.53	0.39
Plant being built, % of plant in use	–	–	–	–	–	–	–	0.0%	0.0%	0.1%

Revenue growth, net profit growth and earnings per share growth are left blank for the years to Jun 2011 and Jun 2012: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. Interest cover is left blank for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the years to Mar 2018, Mar 2019 and Mar 2020: net worth is below zero, so there is no shareholders' money to set the borrowings against. Return on capital employed is left blank for the years to Mar 2018, Mar 2019 and Mar 2020: net worth and borrowings together come to nought or less, so there is no money employed to set the operating profit against. Revenue growth is left blank for the years to Mar 2018 and Mar 2019: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Jun 2010, Jun 2011, Jun 2012, Sep 2014, Sep 2015 and Mar 2017, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2020.

Return on assets, latest year: −35.6%

Measure	5 years	3 years
Return on equity, average	–	49.6%
Operating margin, average	−49.2%	−71.9%
Net margin, average	−273.9%	−337.4%
Asset turnover, average	–	0.30
Cash conversion cycle, days, average	–	−37

Accounting checks

Standalone, years to June, then September, then March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Jun 2010	Jun 2011	Jun 2012	Sep 2013	Sep 2014	Sep 2015	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	–	–	–	–	–	–	−16.69
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	–	–	–	–	–	–	−5.09
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	–	–	–	–	–	–	−1.22
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	–	–	–	–	–	–	0.02
Effective tax ratePublished threshold 17.16 per cent	27.22	16.04	28.86	–	31.50	–	–	–	–	–

A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2020 the company reports one business segment, Auto components, which carries all its revenue.

Amtek Auto share price by year

Each calendar year to 2019.

Year	Close at year end	Change	Highest close	Lowest close
2019	2.75	−15.4%	3.10	2.70
2018	3.25	−89.1%	29.85	3.25
2017	29.90	−7.4%	40.25	21.75
2016	32.30	−34.8%	51.60	27.60
2015	49.55	−72.5%	183.70	27.30

₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. The 2019 close is its last trade, on 1 Apr 2019.

Recent sessions

The 10 trading days to 1 Apr 2019, as traded on BSE.

Date	Open	High	Low	Close	Average price	Volume
1 Apr 2019	2.65	2.85	2.65	2.75	2.77	1,38,540
25 Mar 2019	2.75	2.90	2.75	2.75	2.79	92,940
18 Mar 2019	3.00	3.00	2.80	2.85	2.92	61,855
11 Mar 2019	2.80	3.00	2.80	3.00	2.97	15,776
5 Mar 2019	2.90	2.90	2.85	2.90	2.90	41,020
25 Feb 2019	2.80	2.80	2.60	2.80	2.76	1,54,931
18 Feb 2019	2.75	2.85	2.65	2.70	2.74	1,45,006
11 Feb 2019	2.85	2.85	2.75	2.75	2.75	57,587
4 Feb 2019	3.05	3.05	2.85	2.85	2.91	1,25,196
28 Jan 2019	2.90	3.20	2.90	2.95	2.95	54,146

Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-date	Event	Price factor	What happened
19 Jun 2017	Price move	–	Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
11 Sep 2015	Price move	–	Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
3 Sep 2015	Price move	–	Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
24 Aug 2015	Price move	–	Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.
20 Aug 2015	Price move	–	Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
19 Aug 2015	Price move	–	Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
16 Dec 2008	Price move	–	Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
10 Oct 2008	Price move	–	Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for.

Each event is noted and not adjusted for.

Company details

BSE code: 520077
ISIN: INE130C01021
Industry: Auto Components
Former symbols: AMTEKAUTO
CIN: L27230HR1988PLC030333; Corporate identity number, the registrar of companies' code for it
Incorporated: 1988
Registered office: Plot No.-16, Industrial Estate, Rozka Meo, Sohna, Mewat, Gurugram 122003, Haryana
Share registrar: Beetal Financial & Computer Services Pvt. Ltd; Keeps the register of shareholders and handles transfers and dividend payments