Omax Autos Ltd Q1 FY26 — “Auto Parts, Rail Dreams & a CFO Plot Twist”

Omax Autos Ltd Q1 FY26 — “Auto Parts, Rail Dreams & a CFO Plot Twist”

1. At a Glance

Omax Autos is that stock which keeps quietly grinding away while dropping random quarterly surprises like it’s playing Bingo. From auto components to railway gear, and now a CFO resignation right after declaring a dividend — this one’s got more plot turns than a Christopher Nolan movie.


2. Introduction with Hook

Imagine if your neighbourhood garage decided to start building parts for trains. Now give that garage a 42-year-old manufacturing legacy, slap on a balance sheet, toss in some Tata Motors and Indian Railways orders, and voilà — you’ve got Omax Autos Ltd.

Stats to chew on:

  • Market Cap: Just ₹236 Cr. (yes, still microcap)
  • Q1 FY26 Net Profit: ₹7.14 Cr. (vs ₹0.49 Cr. QoQ) — that’s a 14x jump

Also — final dividend of ₹2.5 per share and boom, the CFO resigns. Coincidence? We think not.


3. Business Model (WTF Do They Even Do?)

Omax Autos is in the business of:

  • Making sheet metal, tubular, and machined components for the auto and non-auto sectors.
  • Approved supplier to Indian Railways (because every smallcap needs a government project flex).
  • Key client: Tata Motors (CV segment)

Basically, they manufacture parts that no one notices — until something breaks.

Also, they’ve doubled their railway manufacturing capacity. Indian Railways is going semi-privatized? Omax is putting on the Lenskart goggles and trying to cash in.


4. Financials Overview

Q1 FY26 Highlights:

MetricValue
Revenue₹99.64 Cr
EBITDA₹8.36 Cr
PAT₹7.14 Cr
EPS₹3.34
OPM8.39%

Commentary:

  • Margins are fatter than a corporate expense account.
  • YoY Sales growth: +40%
  • YoY PAT growth: from ₹-1.16 Cr to ₹7.14 Cr. That’s not growth, that’s resurrection.

5. Valuation

Fair Value Estimate:

MethodValuation Range
P/E Basis (20x FY25 EPS of ₹10.08)₹180–₹220
EV/EBITDA (8x FY25 EBITDA)₹160–₹190

Current Price: ₹110

If you think paying 20x earnings for a microcap with CFO resignations is safe, you probably microwave your chai too.


6. What’s Cooking – News, Triggers, Drama

  • Dividend declared: ₹2.5/share (yield ~2.2%)
  • CFO resigned: Classic “thanks for the bonus, I’m out” energy
  • New CFO & Co. Secretary appointed
  • Capacity expansion for railway products complete
  • Q1 profit spike after 3 dull quarters — cue retail investor FOMO

This stock’s got more boardroom exits than a consulting firm on appraisal day.


7. Balance Sheet

Mar 2025 Snapshot (₹ Cr):

ItemValue
Equity Capital₹21 Cr
Reserves₹294 Cr
Total Borrowings₹77 Cr
Total Liabilities₹484 Cr
Fixed Assets₹271 Cr
CashLet’s not even go there

Verdict: Debt’s come down from ₹231 Cr (FY20) to ₹77 Cr — slow clap.

Still not debt-free, but no longer drowning. Titanic-level? No. Rowboat-in-choppy-waters? Maybe.


8. Cash Flow – Sab Number Game Hai

YearCFOCFICFFNet Flow
FY23₹35 Cr₹-9 Cr₹-34 Cr₹-8 Cr
FY24₹21 Cr₹19 Cr₹-11 Cr₹28 Cr
FY25₹34 Cr₹-13 Cr₹-45 Cr₹-23 Cr

Commentary:

  • Positive operating cash flow, finally!
  • Investing aggressively (that’s where the railway money went)
  • Financing cash flow is bleeding — mostly debt repayments

Cash flow looks like your freelancer friend: working hard, still broke.


9. Ratios – Sexy or Stressy?

MetricValue
ROCE9%
ROE3.44%
P/E16.75
PAT Margin8.84%
D/E0.26

ROCE is finally turning respectable. ROE is still at “meh” levels — like ordering tea at Starbucks.


10. P&L Breakdown – Show Me the Money

YearRevenue (₹ Cr)EBITDA (₹ Cr)PAT (₹ Cr)
FY2330116-24
FY243552512
FY253693222
TTM3853426

PAT grew 10% — but only if you ignore the previous year’s drama.

From red to green in 2 years flat. Not bad for a company that looked like it needed CPR in FY20.


11. Peer Comparison

CompanyRev (₹ Cr)PAT (₹ Cr)P/E
Bosch18,0872,01255.59
Uno Minda16,77593466.47
Schaeffler8,3371,01564.06
Omax Autos3852616.75

Looks like the least drunk guest at a wedding full of finance bros.


12. Miscellaneous – Shareholding, Promoters

QuarterPromoter Holding
Sep 202256.35%
Jun 202552.85%

Not great. Promoter holding is slowly melting like butter on a dosa. Also, DIIs came and went like a guest who just wanted the free food.

Oh, and there’s that ₹167 Cr contingent liability. Probably a nice surprise hidden in the fine print.


13. EduInvesting Verdict™

Omax Autos is the kind of stock that shows up uninvited to the midcap party, drops a profit bomb, declares a dividend, then exits the CFO.

Railways could be its big break, and auto component biz is steady — but margins, growth consistency, and contingent liabilities are wildcards.

A decent pit stop. But don’t expect business class legroom.


Metadata:
Written by EduInvesting Team | 24 July 2025
Tags: Omax Autos, Q1 FY26 Results, Auto Components, Railways, EduInvesting Premium

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