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Automotive Stampings & Assemblies
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Automotive Stampings and Assemblies Ltd is a TACO group company. The company is engaged in the business of manufacturing sheet metal stampings, welded assemblies and modules for the automotive industry. They are having four manufacturing facilities located at Bhosari (Maharashtra), Chakan (Maharashtra), Halol (Gujarat) and Pantnagar (Uttarakhand).
The company's product mix can be broadly classified into three categories, namely Structural Panels and Skin Panels for the vehicle body (BIW), Modules and Aggregates including Chassis sub-assemblies (Under body) and Oil Sumps and Fuel tanks. Their customers include some of the prestigious vehicle manufacturers like Tata Motors Ltd, General Motors India Pvt Ltd, Fiat India Automobiles Ltd, Piaggio Vehicles Pvt Ltd and John Deere Equipment Pvt Ltd. They also export their products to Ford Motor Company Ltd (UK).
Automotive Stampings and Assemblies Ltd was incorporated on March 1990 with the name JBM Tools Ltd. Initially, the company was promoted by the SK Arya group and Haryana State Industrial & Infrastructure Development Corporation. In October 1990, they commenced operations at Faridabad by developing dies, moulds & tools for various Original Equipment Manufacturers (OEM) of Automobiles.
In January 1994, the company commenced operations for manufacture of sheet metal components Project for manufacture of 3500 tpa of sheet metal components. In March 1994, they came out with their maiden initial public offer and in May 1994, their shares were listed on Bombay Stock Exchange. In December 1995, the company set up a new manufacturing plant at Bhosari. In February 1997, they started manufacturing operations at their new plant at Halol.
In July 1997, Tata Group companies, namely Tata AutoComp Systems Ltd (TACO) & Tata Industries Ltd (TIL) entered into a 50:50 Joint Venture with the then promoter, SKA. In August 1997, the company entered into a joint venture agreement with Sung Woo Metal Co Ltd, South Korea & Mitsubishi Corporation, Japan to promote JBM Sung Woo Pvt Ltd at Chennai.
In December 1997, the company entered into a joint venture agreement with Krupp Camford Ltd, UK, to promote Krupp JBM Pvt Ltd at Chennai. In January 1998, the company set up a new manufacturing plant at Chakan and commenced commercial operations. In June 2001, as per the scheme of arrangement, the Faridabad undertaking of the company was transferred to Precious Estates Pvt Ltd.
In April 2002, TACO and TIL bought over SKA's holding in the company to increase their combined shareholding to 81.35%. In August 1, 2003, the company changed their name from JBM Tools Ltd to Automotive Stampings and Assemblies Ltd. In the year 2004, TIL transferred their shares in the company (except 100 shares) to TACO. Also, they received ISO 9001 for their Bhosari plant and Chakan plant.
In February 2007, the company entered a share purchase agreement with Gestamp Servicios, S.L. whereby Gestamp Servicios, S.L. in order to benefit from Spanish group Gestamp's technological expertise. Subsequently, in August, 2007, Gestamp Servicios, S.L. became the joint promoter of the company by acquiring 37.49% stake from TACO and 0.01% from public through an open offer. In May 2008, the company set up a new plant for manufacture of sheet metal components with a capacity of 17,000 tpa at Pantnagar at Uttarakhand.
In January 27, 2010, TIL sold their balance shareholding of one hundred shares in the open market. In December 10, 2010, as per share purchase agreement between TACO and Gestamp Servicios, S. L., TACO acquired entire stake of Gestamp in the company and thus the company Gestamp ceased to be one of the promoters of the company and the company became a subsidiary of TACO. In December 2010, the company completed the capacity expansion for 1 ton goods and passenger carrier programme of the customer at Pantnagar
The company commenced the second phase of the expansion project at Pantnagar Plant for small 0.5 ton commercial goods and passenger carrier programme including automation and is expected to be completed by end of 2011. Also, the company has planned expansion at Halol Plant with an estimated outlay of Rs 7.4 crore to cater to a new Customer programme. The same is expected to be completed before March 2012.
Automotive Stampings & Assemblies share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Automotive Stampings & Assemblies indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Automotive Stampings & Assemblies is valued compared to its competitors.
Automotive Stampings & Assemblies PE ratio helps investors understand what is the market value of each stock compared to Automotive Stampings & Assemblies 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Automotive Stampings & Assemblies evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Automotive Stampings & Assemblies generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Automotive Stampings & Assemblies in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Automotive Stampings & Assemblies shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Automotive Stampings & Assemblies compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Automotive Stampings & Assemblies over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Automotive Stampings & Assemblies helps investors get an insight into when they can enter or exit the stock. Key components of Automotive Stampings & Assemblies Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Automotive Stampings & Assemblies shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Automotive Stampings & Assemblies ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Automotive Stampings & Assemblies provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Automotive Stampings & Assemblies highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Automotive Stampings & Assemblies .
The balance sheet presents a snapshot of Automotive Stampings & Assemblies ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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