Autoline Industries Ltd Stock Quotes and Charts
Buy@ Rs 215 For target of Rs 400 In More then 1 Year.Autoline Industries is located at Pune with three plants and manufacturing various auto parts, sheet metal components, silencers and exhaust systems for Passenger Cars, SUV, Commercial Vehicles, Two-wheelers, Three-wheelers and Tractors etc.<br><br> <br><br> The company acts as prime vendor to major auto companies like Tata Motors, Bajaj Auto, Kinetic, Mahindra & Mahindra and others.<br><br> <br><br>The company had acquired Nirmiti Autocomponents Pvt. Ltd., with 72% stake, which has 2 plants at Pune and Uttaranchal, engaged in the manufacturing of pedal systems, door hinges, sheet metal components and fabricated assemblies, design of press tools, dyes, plastic injection moulds, dye cast components, machine components and rubber components.<br><br> <br><br>The company had also acquired 51% stake in Detroit Engineered Products Inc., U.S.A., having nine modern presses of 200 MT to 1,000 MT, state of art painting and assembly lines, 8 US Patents, 30 proprietary designs for Jacks and tool kit products.<br><br> <br><br>On consolidated basis, for FY 07, topline of the company was at Rs.187 crores with PBT of Rs.20.75 crores and PAT of Rs.15.18 crores on equity capital of Rs.10.37 crores, giving an EPS of Rs.14.50.<br><br> <br><br>The company has been posting, consistently improved performance, with topline for Dec. 07 quarter at Rs.82.91 crores, and PBT of Rs.13.48 crores and PAT of Rs.11.88 crores, giving an EPS of Rs.10.90 for the quarter.<br><br> <br><br>Based on first 9 months results, the company should be able to post a topline of Rs.330 crore, with PBT of Rs.40 crores and PAT of Rs.32 crores, giving an EPS of Rs.30, on equity of Rs.10.90 crores, for FY 08.<br><br> <br><br>FY 09 is likely to have topline in excess of Rs.500 crores with PAT of Rs.55 crores, giving an EPS in excess of Rs.50.<br><br> <br><br>The present equity is of Rs.10.90 crores, with face value of Rs.10 of which 29% is by the promoters, 19% by foreign companies, for shares having issued to them on acquisition and 52% by the public.<br><br> <br><br>The share is presently ruling at Rs.215, which discounts FY 08, earnings by about 7 times while FY 09 earnings by 4.3 times.<br><br> <br><br>The company had issued 5.38 lakh equity shares on 24-12-07, at Rs.400 per share, to the shareholders of Detroit Engineered Products Inc., U.S.A. This shows the valuation of the company, having made by an independent company.<br><br> <br><br>The share had a 52 week high/low of Rs.463 and Rs.153 respectively and now has sharply corrected to Rs.215 levels, thus making it an excellent bet, which could give a 50% return, on an annualized basis, for the next 2 3 years. <br><br> <br><br>A safe and excellent bet at Rs.215 for medium to long term investors.<br>
The equity shareholders, secured creditors & unsecured creditors meeting of Autoline Industries will be held on 01 March 2011 to approve the scheme of amalgamation between Nirmiti Autocomponents and Western Pressing with Autoline Industries.
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