NSEI:OMAXAUTO

Stock Analysis Report

Executive Summary

Omax Autos Limited manufactures and sells auto and non-auto components in India.


Snowflake Analysis

Proven track record and fair value.

Share Price & News

How has Omax Autos's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OMAXAUTO's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-8.5%

OMAXAUTO

-5.5%

IN Auto Components

-3.0%

IN Market


1 Year Return

-76.1%

OMAXAUTO

-44.1%

IN Auto Components

-29.2%

IN Market

Return vs Industry: OMAXAUTO underperformed the Indian Auto Components industry which returned -44.1% over the past year.

Return vs Market: OMAXAUTO underperformed the Indian Market which returned -29.2% over the past year.


Shareholder returns

OMAXAUTOIndustryMarket
7 Day-8.5%-5.5%-3.0%
30 Day-39.5%-33.7%-26.9%
90 Day-56.6%-38.1%-28.5%
1 Year-76.1%-76.1%-43.1%-44.1%-27.7%-29.2%
3 Year-74.7%-74.7%-42.5%-44.2%-15.2%-19.9%
5 Year-52.1%-52.7%-33.3%-36.2%-3.1%-8.1%

Price Volatility Vs. Market

How volatile is Omax Autos's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Omax Autos undervalued compared to its fair value and its price relative to the market?

1.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate OMAXAUTO's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate OMAXAUTO's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: OMAXAUTO is good value based on its PE Ratio (1x) compared to the Auto Components industry average (9.8x).

PE vs Market: OMAXAUTO is good value based on its PE Ratio (1x) compared to the Indian market (9.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OMAXAUTO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OMAXAUTO is good value based on its PB Ratio (0.2x) compared to the IN Auto Components industry average (0.9x).


Next Steps

Future Growth

How is Omax Autos forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.9%

Forecasted Automobiles industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Omax Autos has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Omax Autos performed over the past 5 years?

53.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OMAXAUTO has a large one-off gain of ₹239.9M impacting its December 31 2019 financial results.

Growing Profit Margin: OMAXAUTO's current net profit margins (7.3%) are higher than last year (1.2%).


Past Earnings Growth Analysis

Earnings Trend: OMAXAUTO has become profitable over the past 5 years, growing earnings by 53% per year.

Accelerating Growth: OMAXAUTO's earnings growth over the past year (191.1%) exceeds its 5-year average (53% per year).

Earnings vs Industry: OMAXAUTO earnings growth over the past year (191.1%) exceeded the Auto Components industry -20%.


Return on Equity

High ROE: OMAXAUTO's Return on Equity (14.8%) is considered low.


Next Steps

Financial Health

How is Omax Autos's financial position?


Financial Position Analysis

Short Term Liabilities: OMAXAUTO's short term assets (₹2.5B) exceed its short term liabilities (₹1.8B).

Long Term Liabilities: OMAXAUTO's short term assets (₹2.5B) exceed its long term liabilities (₹925.8M).


Debt to Equity History and Analysis

Debt Level: OMAXAUTO's debt to equity ratio (56.9%) is considered high.

Reducing Debt: OMAXAUTO's debt to equity ratio has reduced from 154.5% to 56.9% over the past 5 years.

Debt Coverage: OMAXAUTO's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: OMAXAUTO's interest payments on its debt are not well covered by EBIT (2.4x coverage).


Balance Sheet

Inventory Level: OMAXAUTO has a high level of physical assets or inventory.

Debt Coverage by Assets: OMAXAUTO's debt is covered by short term assets (assets are 1.6x debt).


Next Steps

Dividend

What is Omax Autos's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate OMAXAUTO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate OMAXAUTO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if OMAXAUTO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if OMAXAUTO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: OMAXAUTO is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of OMAXAUTO's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

Ravinder Mehta (78yo)

no data

Tenure

₹2,328,248

Compensation

Mr. Ravinder Kumar Mehta serves as the Managing Director of Omax Autos Ltd. and has been its Whole time Director since April 28, 1983. Mr. Mehta holds a B.A. degree. 


CEO Compensation Analysis

Compensation vs Market: Ravinder's total compensation ($USD30.89K) is below average for companies of similar size in the Indian market ($USD48.50K).

Compensation vs Earnings: Ravinder's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ravinder Mehta
MD & Directorno data₹2.33m17.57% 73.3m
Jatender Mehta
MD & Executive Director3.83yrs₹15.70m12.15% 50.7m
Sakshi Kaura
Joint MD & Whole-Time Director7.17yrs₹8.09mno data
Devashish Mehta
Joint MD & Executive Director1.67yrs₹6.90m2.38% 9.9m
Sanjeeb Subudhi
Compliance Officer & Company Secretary5.5yrs₹1.56mno data
Tavinder Singh
Whole Time Director4.42yrs₹5.69mno data
Hari Agrawal
Chief Financial Officer0.17yrno datano data
Manoj Jain
Assistant Vice President of Operationsno datano datano data
Deepak Bhasker
Group HR Headno datano datano data
Tamio Sugiura
Chief Officer of Strategy & External Relations and Deputy GMno datano datano data

3.2yrs

Average Tenure

57yo

Average Age

Experienced Management: OMAXAUTO's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ravinder Mehta
MD & Directorno data₹2.33m17.57% 73.3m
Jatender Mehta
MD & Executive Director3.83yrs₹15.70m12.15% 50.7m
Sakshi Kaura
Joint MD & Whole-Time Director7.17yrs₹8.09mno data
Devashish Mehta
Joint MD & Executive Director1.67yrs₹6.90m2.38% 9.9m
Tavinder Singh
Whole Time Director4.42yrs₹5.69mno data
Ramesh Vaish
Non-Executive Independent Director24.75yrs₹250.00kno data
Triloki Kapoor
Non-Executive Independent Director34.17yrs₹310.00kno data
Deep Kapuria
Non-Executive Independent Director5.33yrs₹100.00k0.0084% 35.1k
Novel Lavasa
Non-Executive Independent Director4.42yrs₹195.00kno data
Bharat Kaushal
Independent Chairman of the Board1.67yrs₹120.00kno data

4.9yrs

Average Tenure

63yo

Average Age

Experienced Board: OMAXAUTO's board of directors are considered experienced (4.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Omax Autos Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Omax Autos Limited
  • Ticker: OMAXAUTO
  • Exchange: NSEI
  • Founded: 1983
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₹417.070m
  • Shares outstanding: 21.39m
  • Website: https://www.omaxauto.com

Number of Employees


Location

  • Omax Autos Limited
  • Plot No. B-26, Institutional Area
  • Sector-32
  • Gurugram
  • Haryana
  • 122001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
520021BSE (Mumbai Stock Exchange)YesEquity SharesININRJun 1995
OMAXAUTONSEI (National Stock Exchange of India)YesEquity SharesININRJun 1995

Biography

Omax Autos Limited manufactures and sells auto and non-auto components in India. The company offers various products for two wheelers, including frame assemblies, step pavilions, saree guards and guard assemblies, handles, main stands, bracket pillions, rear carriers, chain cases, front guards, sprockets, pedal gears, oil pump assemblies, swing arms, front forks, handle pillion riders, upper and center crosses, handle KTPs, front forks, main stands, swing arms, side stands, step pillions, and pedal gear change assemblies; and products for three wheelers, such as engine and frame side wishbone assemblies, connecting rods, coupling connections, and silent blocks. It also provides products for four wheeler passenger cars comprising piston rods, rotator and fly wheel caps, shroud fans, auxiliary cross membranes, cross members, seat rail assemblies, trunk hinge assemblies, base battery sets, oil pans, and gear shifter shaft assemblies; and commercial wheeler vehicles consisting of air cleaner mounting brackets, chassis products, crash tubes, cross members, sub assembly and front towing cross members, and under body protective devices. In addition, the company offers products for off highway, which include rear fender assys, front axle assys, front and end axles, end front axles, clutch and brake pedals, and off highway vehicle cabins; and coach buildings, retention tanks, and heavy fabrication products for railways. Further, it is involved in the generation of energy through solar, wind, mini hydro, and biomass resources. The company also exports its products. Omax Autos Limited was founded in 1983 and is based in Gurugram, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/28 13:01
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.