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Omax Autos
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Omax Autos Ltd., a part of Omax Group was incorporated on 28th April, 1983. The Company is into manufacture of sheet metal component, tubular and machined components and sprockets for two-wheelers at its two plants in Dharuhera, Haryana.
In 1994-95, the company doubled the capacity of its electroplating plant and sprocket division. It has started constructing its proposed third unit at Gurgaon. It has also purchased new land in Gurgaon to put up its fourth unit to exclusively meet the requirements of the upcoming new unit of Hero Honda Motors at Gurgaon.
Major Part of expansion of new Speedomax project has been completed. New automatic computerized tri-nickle coating plant is ready for production. However, to meet the enhanced demand of Hero Honda Motors Ltd and to achieve better economies of scale, company has started putting one more new Automatic computerized tri-nickle coating plant of same capacity of Speedomax & Commercial Production of plant commenced in July'99.
The 4th plant at IMT, Manesar started its commercial production in April,2002 at an estimated cost of Rs.18.00 crores. The company has got a major break through in getting exports from M/s Piaggio of Italy and from M/s Santhana Brothers. It is also planning to become global supplier for OEM buyers. It is also negotiating with MNCs in India for the supply of components to their international counterparts.
The Gurgaon and Rewari Units of the Company commenced commercial production in October 2004. Post amalgamation of Indital Tintoria Limited with the Company, an eighth unit as a 100% dedicated supplier of components to the various plants of the company was added to the Company's existing infrastructure. The name of the unit was changed to Indital (A unit of Omax Autos Ltd.) during 2004.
Commercial production at Binola Plant, the seventh unit of the Company at Village Binola, Gurgaon, commenced during the second half of the previous year 2004-05. The Company acquired 3 Lacs Shares ( 85.71% ) of Omax Steels Limited, Ludhiana and thereby making it a Subsidiary of the Company during 2006.
The Company had formed a Subsidiary Company namely 'Omax Engineering Services Limited' to provide Services in the field of Solar Energy, Gas, training in the field of engineering etc. on 15.07.2010. The Company's Lucknow Plant started its Commercial production in September 2009. A Second Assembly Line was set up with an additional annual capacity of 30,000 frames with press shop improvement at Lucknow plant. It started the production in home furnishing segment in 2008-09.
During FY 2011-12, the Company set-up a 2.5 MW Wind Power Project at Jaisalmer, Rajasthan which was commissioned in the month of March 2012. It formed a Subsidiary Company in the name of 'GMAX Auto Limited' for manufacturing tools dies, jigs fixtures etc. on 20th October, 2011. A new manufacturing plant was set up in Bawal (Haryana) during 2011-12.
From January 2021, the production started at Long Member Plant with supply of all BSVI Truck models (Medium and Heavy Commercial Vehicles) for TATA Motors Lucknow. From June 2021, the supply of the Long Members had started for Heavy Commercial Vehicles, TATA Motors Jamshedpur. The Company commissioned the New Railway Plant during 2022. The Company came up with two state of the art manufacturing units at Lucknow-Raibareli Road, Uttar Pradesh. In 2022, it started production of long member beams for all Intermediate and Light commercial vehicles in addition to Buses and Electrical Busses.
Omax Autos 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 Omax Autos 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 Omax Autos is valued compared to its competitors.
Omax Autos PE ratio helps investors understand what is the market value of each stock compared to Omax Autos '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 Omax Autos 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 Omax Autos 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 Omax Autos 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 Omax Autos 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 Omax Autos 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 Omax Autos 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 Omax Autos helps investors get an insight into when they can enter or exit the stock. Key components of Omax Autos 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 Omax Autos 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 Omax Autos ’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 Omax Autos 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 Omax Autos 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 Omax Autos .
The balance sheet presents a snapshot of Omax Autos ’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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