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Austin Engineering Company Weakens Below Moving Average Price 50-Day MAP Trails 200-Day MAP
Austin Engineering Company Weakens Below Moving Average Price 50-Day MAP Trails 200-Day MAP
Austin Engineering Company Weakens Below Moving Average Price 50-Day MAP Trails 200-Day MAP
5Yr
Austin Engineering Company weakens below Moving Average Price 50-day MAP trails 200-day MAP
Austin Engineering Company Ltd., India's 52nd largest industrial machinery company by market capitalisation, has dropped below its trend. The 200-day moving average price (MAP) was Rs70.95. The price to 200-day MAP ratio is 0.97. In the past 200 days this ratio has been under 0.97 111 times suggesting downside. The 50-day MAP of Rs68.68 is lower than the 200-day MAP of Rs70.95, a bearish indicator. The 200-day MAP has decreased to Rs70.95. A decrease is another bearish indicator. The stock price decreased Rs1.20 (or 1.7%) to close at Rs68.80. Compared with the BSE Sensex index, which fell 60.0 points (or 0.4%) on the day, this was a relative price change of -1.4%.
PERCENT R
7 Glossary
A publication of:
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Company Overview
Activities
Austin Engineering Company Limited (AEC) is the Manufacturer, Exporter and Supplier of Quality Auto & Industrial Ball & Roller Bearings and its components. Further details can be found at www.aec-bearings.com.
UNFAVOURABLE CHANGES
Net profit down 2.3% to Rs6.4 crores ($US1.4m) Total liabilities to total assets up 4.9% to 0.4 Current ratio down 15.1% to 2.5 Working capital to total assets down 4.4% to 49.2%.
Issued Capital
Based on 3,478,000 issued equity shares the market capitalisation is Rs23.9 crores (US$4.2 million). It is India's 47th largest Industrial Machinery company by assets.
RELATIVE STRENGTH
No. of Shares(m)
2 2
% Held
65.45 65.45
Top Management
The chairman is N C Vadgama.
Financials
ANNUAL REPORT FOR THE YEAR ENDED MARCH 31, 2011
year-on-year comparisons with previous corresponding period
FAVOURABLE CHANGES
Total revenue up 42.4% to Rs97.8 crores ($US21.9m) A 5-year track record of positive earnings Total revenue to total assets up 20.9% to 1.2.
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5Yr
3Yr
5Yr
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BEARISH SIGNALS:
Return on Equity of 14.0% versus sector average of 16.6% and market average of 14.0%. Return on Assets of 7.9% versus sector average of 8.6% and market average of 3.2%. The average annual compound return on the share price in the last 5 years was -4.9%, underperforming the average annual compound return on the BSE Sensex index of 5.6%
THE STOCK HAS A SCORE OF MERELY 3 OUT OF 9 SET BY JOSEPH PIOTROSKI [PASS MARK >=5 ]:
Positive net income; Positive operating cashflow; Improvement in asset turnover [growth in revenue of 22.39% exceeded growth in assets of 17.81%].
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BEARISH SIGNALS:
In the Indian market of 2,740 stocks traded today, the stock has a 6-month relative strength of 52 which means it has outperformed 52% of the market. The price to 200-day MAP ratio is 0.97. In the past 200 days this ratio has been under 0.97 111 times suggesting downside. The 50-day MAP of Rs68.68 is lower than the 200day MAP of Rs70.95, a bearish indicator. The 200-day MAP has decreased to Rs70.95. A decrease is another bearish indicator.
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Technical Analysis
Price Volume Dynamics
VOLATILITY
The stock traded between an intraday low of Rs68.80 and a high of Rs70.0, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 3.8% places the stock in the 4th quartile in the market meaning it is least volatile.
TRAILING MONTH
In the last 20 trading sessions there has been a net rise of 2.69%; the stock has advanced ten times and the biggest one day rise was 4.5% on May 29.
VOLUME
There were 181 shares worth Rs12,480 (US$218.4) traded. The volume was 0.1 times average trading of 2,500 shares.
% DISCOUNT TO HIGH
The last price is at a discount of 25.1% to the 12-month high of Rs91.90 eleven months ago on 19 Jul, 2011.
% PREMIUM TO LOW
The last price is at a premium of 12.4% to the 12-month low of Rs61.20 six months ago on 21 Dec, 2011.
5Yr
BETA
The Beta of this stock is 0.61. A Beta lower than 1 suggests this is a low risk, low return stock with volatility less than that of the market.
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Sector Ranking
Price Performance Rank
The stock is in 2 sectors.
THE FOLLOWING INDEX AND SECTOR FELL SETTING THE TREND FOR ITS FALL OF 1.7%:
BSE Sensex index which was down 60.0 points or 0.4% to 16,972.5, The Total Indian Market of 2740 stocks traded today, which was down 32.5 points or 0.2% to 14,530.8 The stock went against the trend set by Industrial Machinery sector of 72 stocks traded today, which was up 289.8 points or 1.2% to 23,466.
13.7x
Stock Ranking by Percentage Price Change, versus Index and Sectors for 1 day and 6 months
25.1 2070 99.2 531693 98.9 531611 98.8 508998 0.2 524412
12.4 672 0.1 532470 0.1 531494 0.2 530771 1868.9 531900
Total Rank of Rank of Number of Stock Stock Stocks in 6 1 Day Months Sector/Inde x
Industrial Machinery sector Total Indian Market 58 2039 38 1249 87
Size
Market Cap Rs Total Indian Market Avg 522005 Rank Rank 1 Rank 2 Rank 3 Lowest Rank 2,187 crores 23.9 crores 1812 241,403.6 crores TCS 239,553.7 crores ONGC 232,558.5 crores RELIANCE 34.8 lakhs 504180
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1,030.3 712 18,220.3 531900 11,601.1 509051 11,426.4 506016 -928.0 INVENTU RE
52.2 1249 99.96 509051 99.9 531900 99.9 505525 0.04 533310
4.1 963
1.8 836
-0.3 712
2.8 2269 44.3 ANTGRAP HIC 38.5 BIRLACO T 22.4 590084 524640 0.5 530393 504336 2349
530635
Rank 2
19.98 27.2 VARDMN VARDMN POLY POLY 18.9 523710 -49.2 NAUKRI 25.3 531686
511589
Rank 3
Lowest Rank
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Financial Results
Year-on-year Comparisons
ANNUAL REPORT: AUSTIN ENGINEERING COMPANY (BSE:522005) NET PROFIT DOWN 2.3% TO RS6.4 CRORES ($US1.4M)
Summary
GENERAL INFORMATION
Company Name Company ISIN Company CODE Industry 2011-03-31 Native Currency INR Austin Engineering Company Ltd. INE759F01012 522005 Industrial Machinery sector 2010-03-31 INR
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PERFORMANCE RATIOS
2011-03-31 Return on Assets (%) Total Liabilities to Operating Cash Flow Total Liabilities/Total Assets Current Ratio 7.94 26.42 0.43 2.53 2010-03-31 9.57 2.44 0.41 2.98 Up 6.4 Down 14.9 Change % Down 17.0
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January 18, 2012: Austin Engineering Company: Financial Results for Dec 31, 2011
[News Story] Austin Engineering Company Ltd has informed BSE about the Financial Results for the period ended December 31, 2011. http://www.bseindia.com/xmldata/corpfiling/AttachLive/Austin_Engineering_Company_Ltd _180118_Rst.pdfSource: Bombay Stock Exchange of India Open Full Announcement.
October 21, 2010: Austin Engineering Company: Financial results for Sep 30, 2010
[Company Release] Austin Engineering Company Ltd has informed BSE about the Financial Results for the Quarter ended September 30, 2010.http://www.bseindia.com/xmldata/corpfiling/announcement/Austin_Engineering_Company _Ltd_211010_Rst.pdfSource: Bombay Stock Exchange of India Open Full Announcement.
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Glossary
DEBT/EQUITY
Net Debt/Net Assets (times) Dividends received during the Period
CURRENT RATIO
Current Assets/Current Liabiliites (times)
INTEREST COVER
Earnings Before Interest and Tax/Interest (times)
EBIT MARGIN
Earnings Before Interest and Tax/Revenue (%)
RETURN ON ASSETS
Net Profit/Total Assets (%)
ANNUAL RETURN
Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
PRICE/EARNINGS
Share Price/Earnings Per Share (times)
PRICE/SALES PS
Share Price/Sales Per Share (times)
PRICE/NTA
Closing Share Price/Net Tangible Assets Per Share (times)
CASH/MCAP
Cash plus Liquids/Market Capitalisation (times)
VOLUME INDEX
Number of shares traded in the period/Average number of shares traded for the period
DIVIDEND YIELD
Dividend Per Share/Share Price (%)
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BST MOMENTUM COLOUR GUIDE Momentum Up Weak Momentum Up Momentum Down Weak Momentum Down Strong Unchanged Weak Unchanged Untraded
Price increase fuelled by above average Volume Price increase on below average Volume Price decrease fuelled by above average Volume Price decrease on below average Volume Price unchanged on above average Volume Price unchanged on below average Volume Untraded
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