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:
Metric | Value |
---|---|
Revenue | ₹99.64 Cr |
EBITDA | ₹8.36 Cr |
PAT | ₹7.14 Cr |
EPS | ₹3.34 |
OPM | 8.39% |
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:
Method | Valuation 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):
Item | Value |
---|---|
Equity Capital | ₹21 Cr |
Reserves | ₹294 Cr |
Total Borrowings | ₹77 Cr |
Total Liabilities | ₹484 Cr |
Fixed Assets | ₹271 Cr |
Cash | Let’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
Year | CFO | CFI | CFF | Net 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?
Metric | Value |
---|---|
ROCE | 9% |
ROE | 3.44% |
P/E | 16.75 |
PAT Margin | 8.84% |
D/E | 0.26 |
ROCE is finally turning respectable. ROE is still at “meh” levels — like ordering tea at Starbucks.
10. P&L Breakdown – Show Me the Money
Year | Revenue (₹ Cr) | EBITDA (₹ Cr) | PAT (₹ Cr) |
---|---|---|---|
FY23 | 301 | 16 | -24 |
FY24 | 355 | 25 | 12 |
FY25 | 369 | 32 | 22 |
TTM | 385 | 34 | 26 |
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
Company | Rev (₹ Cr) | PAT (₹ Cr) | P/E |
---|---|---|---|
Bosch | 18,087 | 2,012 | 55.59 |
Uno Minda | 16,775 | 934 | 66.47 |
Schaeffler | 8,337 | 1,015 | 64.06 |
Omax Autos | 385 | 26 | 16.75 |
Looks like the least drunk guest at a wedding full of finance bros.
12. Miscellaneous – Shareholding, Promoters
Quarter | Promoter Holding |
---|---|
Sep 2022 | 56.35% |
Jun 2025 | 52.85% |
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