Auto Ancillary stock manufacturing and supplying of sheet metal components, stampings, welded assemblies, modules and many more jumped 12 percent in the day’s trade upon receiving a work order worth Rs. 204 Crores from Tata Motors Limited.
Price Action
With a market capitalization of Rs. 564 Crores, the shares of Autoline Industries Limited were trading at Rs. 144 per equity share, up 10 percent from its previous day’s close price of Rs. 131.60.
What Happened
Autoline Industries Limited has received a new work order from Tata Motors Passenger Vehicle Limited for Tool Manufacturing, Stamping & Supply of Sheet Metal Parts & Assemblies for a consideration of Rs. 147 Crores annually for parts and Rs. 57 Crores for tooling which is a one-time order.
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About the Company
Autoline Industries Limited is in the business of manufacturing and supplying of sheet metal components, stampings, welded assemblies, modules, parking brakes, hinges, exhaust systems, and many more for the original equipment manufacturers (OEM) and other companies in the automotive industry.
Financials and Ratios
Its revenue from operations grew by 0.68 percent from Rs. 650 Crores in FY23 to Rs. 654 Crores in FY24, accompanied by profits of Rs. 11 Crores to Rs. 16 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 15 percent, and a return on capital employed (ROCE) of 11 percent. It has reported a debt-to-equity ratio of 1.43.
Written by: Bharath K.S
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