The Railway, Electric Vehicle (EV), and Renewable Energy sectors in India are experiencing significant growth, driven by government initiatives, technological advancements, and increasing consumer demand. These sectors are poised to play a crucial role in India’s economic and environmental landscape.
Listed below is one such Auto-ancillary company that caters for these booming sectors:
Autoline Industries Ltd
With a market capitalization of Rs. 527 crores, the shares of Autoline Industries started Tuesday’s trading session on a higher note at Rs. 134 compared to its previous close of Rs. 132.09. During the trading session, the shares hit a high of Rs. 138, gaining around 4 percent and are currently trading at Rs. 136 apiece.
Looking at the company’s financial performance, the revenue jumped by 23 percent from Rs. 153.77 crores during the December quarter to Rs. 189.42 crores in the March quarter. In addition, the net profits surged by 69 percent from Rs. 4.19 crores to Rs. 7.08 crores during the same period.
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Comparing the same metrics on a YoY basis, the revenue zoomed by 27 percent from Rs. 148.74 crores during Q4FY23 to Rs. 189.42 crores in Q4FY24. On the other hand, the net profits showcased a transition from a net loss of Rs. 5.97 crores to a net profit of Rs. 7.08 during the same timeframe.
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 12.08 percent and a return on capital employed (RoCE) of 15.42 percent for the period spanning FY23-24. Additionally, during the same period, the net profit margin stood at 2.42 percent.
Autoline has 10 different manufacturing facilities located in Pune, Dharwad and Uttarakhand. They have an in-house stamping facility with presses ranging from 50 Ton to 2,000 Ton, capable of handling tool sizes up to 2.5 m x 4m.
The company supplies over 3,000 products that get assembled into different passenger cars, SUVs, LCVs, HCVs, and gensets for major OEMs like Tata Motors, Volkswagen, Ford, GM, Renault-Nissan, Daimler India, Cummins USA, Ashok Leyland, AMW, and FIAT.
They specialize in supplying heavy sheet metal components and assemblies, exhaust systems, pedal systems, door assemblies, load bodies, door hinges, and skin panels to the automobile industry.
Recently, the company has entered into a contract with Tata Motors Passenger Vehicle Limited for Manufacturing Tools and Supply of Sheet Metal Parts & Assemblies.
The value of the order is said to be worth Rs. 147 annually for parts. Autoline Industries has also been given a one-time order worth Rs. 57 crore for tooling from the Tata Motors subsidiary.
Previously, Autoline Industries had forayed into supplying products to the railway sector, focusing on manufacturing components for coach manufacturing.
The specific products include side walls, end walls, roofs, underframes, air ducts, and vents for railway coaches. Additionally, Autoline is involved in the production of child parts for coach interiors, encompassing small assemblies and aluminium extrusions.
Autoline Industries has diversified its operations to include the manufacturing of solar components, alongside its primary focus on automotive sheet metal components.
Furthermore, the company has also diversified its operations to include the manufacturing of solar components, alongside its primary focus on automotive sheet metal components.
Moreover, Autoline Industries produces a range of electric scooters, including models like the Albiz AL-7 and Albiz AL-9, which are designed for efficiency and ease of use. The company also manufactures electric bicycles, such as the Nexzu Rompus and the Autoline ESpeed, which feature modern designs and competitive pricing.
From securing vendor status for direct supplies to Bajaj Auto and Tata Motors in its early years to diversifying into non-automotive sectors like solar components and construction equipment, Autoline has broadened its market reach.
Written By Vaibhav Patil
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