Market Cap ₹22102 Cr.
Stock P/E 23.7
P/B 3.1
Current Price ₹1207.6
Book Value ₹ 395.4
Face Value 1
52W High ₹1774.9
Dividend Yield 0.82%
52W Low ₹ 737.7
Amara Raja Batteries Ltd is an primarily India based manufacturer of lead-acid storage batteries for industrial and automotive packages inside the Indian battery enterprise. The Company's Industrial battery division is the dealer to telecom service carriers, telecom device producers, UPS sector (original device producers (OEM) and alternative), Indian railways and to the power, oil and gas, among different enterprise segments. Its commercial battery manufacturers include PowerStack, Amaron Volt, Amaron Sleek, Amaron Brute, Amaron Solar and Amaron Quanta. The Company's Automotive battery division manufactures automotive batteries below the brands, AMARON and PowerZone, which can be disbursed through its pan-India sales and provider retail network. The Company supplies automotive batteries below OE relationships to various agencies. Its commercial and automotive batteries are exported to nations inside the Indian Ocean Rim.
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₹ | |
#(Fig in Cr.) | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 |
---|---|---|---|---|---|---|
Net Sales | 1512 | 1671 | 1428 | 1553 | 1581 | 1779 |
Other Income | 15 | 14 | 12 | 17 | 24 | 14 |
Total Income | 1527 | 1685 | 1440 | 1570 | 1604 | 1792 |
Total Expenditure | 1328 | 1478 | 1189 | 1312 | 1370 | 1558 |
Operating Profit | 199 | 207 | 250 | 258 | 234 | 234 |
Interest | 2 | 1 | 1 | 1 | 1 | 1 |
Depreciation | 50 | 54 | 58 | 59 | 59 | 63 |
Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
Profit Before Tax | 148 | 151 | 191 | 198 | 174 | 170 |
Provision for Tax | 49 | 51 | 64 | 64 | 64 | 57 |
Profit After Tax | 99 | 100 | 127 | 134 | 110 | 113 |
Adjustments | -99 | -100 | -127 | -134 | -110 | -113 |
Profit After Adjustments | 0 | 0 | 0 | 0 | 0 | 0 |
Adjusted Earnings Per Share | 5.8 | 5.8 | 7.4 | 7.9 | 6.4 | 6.6 |
#(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Sales | 3437 | 4211 | 4618 | 5317 | 6059 | 6793 | 6839 | 7150 | 8696 | 10390 | 11260 | 6341 |
Other Income | 49 | 42 | 46 | 50 | 66 | 48 | 55 | 88 | 80 | 91 | 102 | 67 |
Total Income | 3485 | 4254 | 4664 | 5367 | 6126 | 6841 | 6895 | 7238 | 8775 | 10481 | 11362 | 6406 |
Total Expenditure | 2879 | 3510 | 3795 | 4468 | 5176 | 5842 | 5741 | 6035 | 7675 | 8956 | 9639 | 5429 |
Operating Profit | 606 | 744 | 869 | 899 | 950 | 999 | 1154 | 1203 | 1101 | 1525 | 1723 | 976 |
Interest | 1 | 0 | 6 | 6 | 5 | 7 | 12 | 11 | 15 | 30 | 33 | 4 |
Depreciation | 65 | 134 | 141 | 191 | 230 | 261 | 301 | 319 | 396 | 450 | 479 | 239 |
Exceptional Income / Expenses | -4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -48 | 0 | 0 |
Profit Before Tax | 537 | 610 | 723 | 702 | 714 | 730 | 841 | 873 | 690 | 997 | 1211 | 733 |
Provision for Tax | 169 | 199 | 231 | 224 | 243 | 247 | 180 | 227 | 179 | 266 | 305 | 249 |
Profit After Tax | 367 | 411 | 492 | 478 | 471 | 483 | 661 | 647 | 511 | 731 | 906 | 484 |
Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -484 |
Profit After Adjustments | 367 | 411 | 492 | 478 | 471 | 483 | 661 | 647 | 511 | 731 | 906 | 0 |
Adjusted Earnings Per Share | 21.5 | 24.1 | 28.8 | 28 | 27.6 | 28.3 | 38.7 | 37.9 | 29.9 | 42.8 | 49.5 | 28.3 |
# | 1 Year | 3 Year | 5 Year | 10 Year |
---|---|---|---|---|
Sales CAGR | 8% | 16% | 11% | 13% |
Operating Profit CAGR | 13% | 13% | 12% | 11% |
PAT CAGR | 24% | 12% | 13% | 9% |
# | 1 Year | 3 Year | 5 Year | 10 Year |
---|---|---|---|---|
Share Price CAGR | 57% | 26% | 11% | 4% |
ROE Average | 15% | 14% | 15% | 19% |
ROCE Average | 19% | 18% | 20% | 27% |
#(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|---|
Shareholder's Funds | 1363 | 1700 | 2116 | 2593 | 2937 | 3335 | 3656 | 4210 | 4551 | 6006 | 6769 |
Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Borrowings | 76 | 74 | 72 | 69 | 58 | 47 | 34 | 23 | 17 | 80 | 26 |
Other Non-Current Liabilities | 67 | 81 | 125 | 163 | 180 | 211 | 209 | 234 | 281 | 364 | 382 |
Total Current Liabilities | 478 | 716 | 638 | 760 | 993 | 902 | 1102 | 1329 | 1527 | 1474 | 1658 |
Total Liabilities | 1984 | 2571 | 2951 | 3585 | 4169 | 4496 | 5001 | 5797 | 6376 | 7937 | 8834 |
Fixed Assets | 623 | 944 | 1352 | 1492 | 1703 | 1813 | 1829 | 2455 | 2492 | 3688 | 3550 |
Other Non-Current Assets | 218 | 173 | 191 | 334 | 313 | 479 | 948 | 521 | 1060 | 922 | 1735 |
Total Current Assets | 1143 | 1454 | 1408 | 1759 | 2152 | 2204 | 2223 | 2821 | 2824 | 3307 | 3549 |
Total Assets | 1984 | 2571 | 2951 | 3585 | 4169 | 4496 | 5001 | 5797 | 6376 | 7937 | 8834 |
#(Fig in Cr.) | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|---|
Opening Cash & Cash Equivalents | 409 | 48 | 75 | 78 | 101 | 49 | 50 | 33 | 97 | 34 | 89 |
Cash Flow from Operating Activities | 279 | 395 | 555 | 553 | 322 | 541 | 1177 | 802 | 633 | 956 | 1314 |
Cash Flow from Investing Activities | -345 | -289 | -394 | -535 | -244 | -463 | -850 | -635 | -482 | -789 | -1072 |
Cash Flow from Financing Activities | -53 | -75 | -164 | -2 | -138 | -92 | -364 | -122 | -213 | -112 | -242 |
Net Cash Inflow / Outflow | -119 | 31 | -3 | 16 | -61 | -13 | -37 | 46 | -62 | 55 | -0 |
Closing Cash & Cash Equivalent | 293 | 75 | 78 | 101 | 49 | 50 | 33 | 97 | 34 | 89 | 89 |
# | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
---|---|---|---|---|---|---|---|---|---|---|---|
Earnings Per Share (Rs) | 21.51 | 24.05 | 28.78 | 28.01 | 27.59 | 28.31 | 38.69 | 37.87 | 29.93 | 42.78 | 49.5 |
CEPS(Rs) | 25.29 | 31.9 | 37.02 | 39.21 | 41.08 | 43.6 | 56.3 | 56.56 | 53.1 | 69.15 | 75.66 |
DPS(Rs) | 3.23 | 3.61 | 4.25 | 4.25 | 4.15 | 7.08 | 11 | 11 | 4.5 | 6.1 | 9.9 |
Book NAV/Share(Rs) | 79.78 | 99.5 | 123.88 | 151.82 | 171.98 | 195.28 | 214.03 | 246.5 | 266.47 | 312.24 | 369.87 |
Core EBITDA Margin(%) | 14.52 | 15.13 | 15.87 | 14.2 | 14.17 | 14 | 16.06 | 15.59 | 11.37 | 13.29 | 13.92 |
EBIT Margin(%) | 14 | 13.16 | 14.05 | 11.84 | 11.54 | 10.85 | 12.47 | 12.36 | 7.85 | 9.51 | 10.68 |
Pre Tax Margin(%) | 13.99 | 13.15 | 13.94 | 11.74 | 11.46 | 10.75 | 12.29 | 12.21 | 7.68 | 9.24 | 10.4 |
PAT Margin (%) | 9.58 | 8.86 | 9.48 | 8 | 7.56 | 7.12 | 9.66 | 9.05 | 5.69 | 6.77 | 7.78 |
Cash Profit Margin (%) | 11.26 | 11.75 | 12.2 | 11.2 | 11.26 | 10.96 | 14.06 | 13.51 | 10.1 | 10.95 | 11.89 |
ROA(%) | 19.58 | 18.04 | 17.81 | 14.64 | 12.16 | 11.16 | 13.92 | 11.98 | 8.4 | 10.21 | 10.8 |
ROE(%) | 30.34 | 26.83 | 25.77 | 20.32 | 17.04 | 15.42 | 18.91 | 16.45 | 11.67 | 14.79 | 14.97 |
ROCE(%) | 41.4 | 37.85 | 36.72 | 29.16 | 25.39 | 23.06 | 24.04 | 22.24 | 15.99 | 19.2 | 19.23 |
Receivable days | 39.64 | 39.63 | 40.35 | 35.47 | 39.61 | 41.67 | 37.49 | 36.34 | 32.11 | 28.47 | 29.89 |
Inventory Days | 29.86 | 29.64 | 35.9 | 43.28 | 54.66 | 56.72 | 58.81 | 65.88 | 65.88 | 59.82 | 55.51 |
Payable days | 21.11 | 25.55 | 38.26 | 40.16 | 44.81 | 43.33 | 46.18 | 52.36 | 46.3 | 40.81 | 38.72 |
PER(x) | 18.29 | 34.57 | 30.56 | 31.73 | 28.9 | 25.4 | 12.36 | 22.54 | 17.91 | 13.54 | 15.37 |
Price/Book(x) | 4.93 | 8.36 | 7.1 | 5.86 | 4.64 | 3.68 | 2.23 | 3.46 | 2.01 | 1.86 | 2.06 |
Dividend Yield(%) | 0.82 | 0.43 | 0.48 | 0.48 | 0.52 | 0.98 | 2.3 | 1.29 | 0.84 | 1.05 | 1.3 |
EV/Net Sales(x) | 1.9 | 3.34 | 3.24 | 2.84 | 2.24 | 1.81 | 1.19 | 2.02 | 1.05 | 0.95 | 1.23 |
EV/Core EBITDA(x) | 10.75 | 18.89 | 17.2 | 16.78 | 14.29 | 12.28 | 7.05 | 12 | 8.29 | 6.5 | 8.05 |
Net Sales Growth(%) | 16.15 | 22.54 | 9.65 | 15.15 | 13.95 | 12.11 | 0.68 | 4.54 | 21.63 | 19.48 | 8.38 |
EBIT Growth(%) | 27.32 | 13.53 | 19.35 | -2.77 | 1.59 | 2.51 | 15.67 | 3.63 | -20.25 | 45.64 | 21.19 |
PAT Growth(%) | 28.16 | 11.82 | 19.66 | -2.67 | -1.5 | 2.58 | 36.68 | -2.12 | -20.96 | 42.93 | 23.97 |
EPS Growth(%) | 28.16 | 11.82 | 19.67 | -2.67 | -1.5 | 2.58 | 36.68 | -2.12 | -20.96 | 42.93 | 15.71 |
Debt/Equity(x) | 0.06 | 0.04 | 0.04 | 0.03 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 |
Current Ratio(x) | 2.39 | 2.03 | 2.21 | 2.32 | 2.17 | 2.44 | 2.02 | 2.12 | 1.85 | 2.24 | 2.14 |
Quick Ratio(x) | 1.69 | 1.45 | 1.26 | 1.24 | 1.11 | 1.27 | 0.98 | 1.04 | 0.67 | 1.07 | 1.05 |
Interest Cover(x) | 748.45 | 2531.55 | 131.68 | 122.7 | 142.15 | 106.09 | 69.96 | 83.94 | 46.68 | 34.68 | 37.51 |
Total Debt/Mcap(x) | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0.01 | 0 | 0 | 0.01 | 0 |
# | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Promoter | 28.06 | 28.06 | 28.06 | 28.06 | 28.06 | 28.06 | 28.06 | 32.86 | 32.86 | 32.86 |
FII | 18.34 | 18.47 | 35.48 | 36.19 | 35.22 | 24.64 | 24 | 24.45 | 23.84 | 22.34 |
DII | 10.83 | 10.02 | 9.25 | 9.21 | 10.48 | 16.81 | 17.92 | 15.35 | 14.55 | 15.36 |
Public | 42.77 | 43.45 | 27.2 | 26.54 | 26.25 | 30.48 | 30.01 | 27.33 | 28.75 | 29.44 |
Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
# | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 |
---|---|---|---|---|---|---|---|---|---|---|
Promoter | 4.79 | 4.79 | 4.79 | 4.79 | 4.79 | 4.79 | 4.79 | 6.01 | 6.01 | 6.01 |
FII | 3.13 | 3.15 | 6.06 | 6.18 | 6.02 | 4.21 | 4.1 | 4.48 | 4.36 | 4.09 |
DII | 1.85 | 1.71 | 1.58 | 1.57 | 1.79 | 2.87 | 3.06 | 2.81 | 2.66 | 2.81 |
Public | 7.31 | 7.42 | 4.65 | 4.53 | 4.48 | 5.21 | 5.13 | 5 | 5.26 | 5.39 |
Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 17.08 | 17.08 | 17.08 | 17.08 | 17.08 | 17.08 | 17.08 | 18.3 | 18.3 | 18.3 |
Pros
Cons
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