Omax Autos financials and balance sheet

NSE: OMAXAUTOBSE: 520021Auto ComponentsSmall Cap

₹185.49₹8.21 (4.24%)BSE ₹185.80

Share price at the NSE close on 23 Oct 2026. Previous close ₹193.70.

52-week range of traded prices to 23 Oct 2026

₹84.50Low, 28 Nov 2025₹263.40High, 29 May 2026

Next results date: the board meets on 29 Oct 2026 to consider: financial results.

Market cap: ₹397 Cr2,113th largest listed
P/E: 9.8
P/B: 1.1
Dividend yield: 2.70%
ROE: 12.2%
ROCE: 9.5%
Debt to equity: 0.14
Volume, NSE: 77,04051.6% delivered

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.Omax Autos annual reports

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

Peak revenue ₹1,209 Cr, year to Mar 2018A loss in 3 of the 10 years shown

Operating and net margin, per cent

Operating margin
Net margin

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out.

Results for the year to Mar 2026

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

Revenue484
Materials and goods−380
Employee costs−23
Other expenses−31
Operating profit50
Depreciation−17
Other income+35
One-off items−2.0
Finance costs−16
Profit before tax49
Tax−12
Net profit37

What the company owns

Plant, investments and other assets₹340 Cr
Cash and bank₹71 Cr
Current investments₹66 Cr
Receivables₹15 Cr
Inventory₹11 Cr

What pays for it: net worth and liabilities

Net worth₹347 Cr
Other liabilities₹57 Cr
Owed to suppliers₹52 Cr
Borrowings₹47 Cr

Profit and loss

Standalone, ₹ crore, years to March.Omax Autos quarterly results

₹ crore	Mar 2017	Mar 2018	Mar 2019Filed 13 Jun	Mar 2020Filed 2 Jul	Mar 2021Filed 23 Jun	Mar 2022Filed 16 Jun	Mar 2023Filed 16 May	Mar 2024Filed 8 May	Mar 2025Filed 10 Jun	Mar 2026Filed 2 May
Revenue from operations	1,042	1,209	992	467	161	222	301	355	369	484
	1,007	1,167	952	446	203	247	287	330	337	435
Materials and goods bought	679	968	700	293	114	165	226	273	285	380
Employee costs	165	–	109	55	33	27	22	23	22	23
Other expenses	163	–	143	98	56	55	39	33	30	31
Operating profit before depreciation	35	42	40	21	−42	−25	14	25	32	50
Operating margin	3.4%	3.5%	4.0%	4.4%	−25.8%	−11.3%	4.6%	7.1%	8.7%	10.2%
Materials, % of revenue	65.2%	–	70.6%	62.8%	70.7%	74.1%	75.1%	76.9%	77.1%	78.5%
Employee costs, % of revenue	15.8%	–	11.0%	11.8%	20.5%	12.3%	7.3%	6.6%	5.9%	4.8%
Other expenses, % of revenue	15.7%	–	14.4%	20.9%	34.6%	24.9%	13.0%	9.4%	8.2%	6.5%
Depreciation and amortisation	27	22	20	10	13	15	23	22	19	17
Operating profit after depreciation	9	20	20	10	−54	−40	−9	4	13	32
Other income	4	11	13	22	22	32	15	18	24	35
Finance costs	12	31	28	25	27	28	24	21	20	16
Profit before one-off items and tax	–	1	5	7	−59	−37	−18	0	17	51
One-off items	–	–	0	40	48	60	0	23	18	−2
Profit before tax	0	1	5	47	−12	23	−18	23	35	49
	2	−7	5	3	−1	−1	6	11	14	12
Current tax	0	–	3	8	0	0	0	0	4	13
Deferred tax	1	–	1	−5	−1	−1	6	11	9	0
Net profit	−2	8	0	44	−10	23	−24	12	22	37
Other comprehensive income	–	–	−2	−1	2	0	0	0	0	0
Total comprehensive income	–	–	−1	42	−9	23	−24	12	22	37
Net margin	−0.2%	0.6%	0.0%	9.3%	−6.3%	10.6%	−8.1%	3.3%	5.8%	7.6%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2018 they do not, so they are left blank.

Earlier years, Mar 2008 to Mar 2016

₹ crore	Mar 2008	Mar 2009	Mar 2010	Mar 2011	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016
Revenue from operations	714	829	875	1,172	1,298	1,107	985	1,011	1,032
	657	751	798	1,083	1,200	1,027	935	960	974
Materials and goods bought	485	570	592	827	923	766	677	693	680
Employee costs	–	78	92	115	132	129	130	132	145
Other expenses	–	102	113	141	144	132	128	135	149
Operating profit before depreciation	58	78	77	89	98	79	50	51	58
Operating margin	8.1%	9.4%	8.8%	7.6%	7.6%	7.2%	5.0%	5.0%	5.6%
Materials, % of revenue	–	68.8%	67.7%	70.6%	71.1%	69.2%	68.7%	68.6%	65.9%
Employee costs, % of revenue	–	9.4%	10.5%	9.8%	10.2%	11.6%	13.2%	13.0%	14.0%
Other expenses, % of revenue	–	12.3%	13.0%	12.0%	11.1%	11.9%	13.0%	13.3%	14.4%
Depreciation and amortisation	27	29	29	29	30	31	32	31	28
Operating profit after depreciation	31	50	48	60	68	48	18	20	30
Other income	16	2	1	0	0	0	0	0	0
Finance costs	30	42	32	34	32	26	24	20	14
Profit before one-off items and tax	–	9	16	26	37	22	−6	0	16
One-off items	6	–	4	5	7	–	–	8	–
Profit before tax	24	9	20	32	44	22	−6	8	16
	8	4	6	10	16	7	−2	−1	7
Current tax	–	4	5	9	12	4	0	0	5
Deferred tax	–	0	2	1	4	3	−2	−1	3
Net profit	16	7	14	21	28	16	−6	8	8
Net margin	2.3%	0.8%	1.6%	1.8%	2.2%	1.4%	−0.6%	0.8%	0.8%

Standalone, ₹ crore, years to March.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ crore	Mar 2019Filed 13 Jun	Mar 2020Filed 2 Jul	Mar 2021Filed 23 Jun	Mar 2022Filed 16 Jun	Mar 2023Filed 16 May	Mar 2024Filed 8 May	Mar 2025Filed 10 Jun	Mar 2026Filed 2 May
	229	271	287	310	286	298	315	347
Share capital	21	21	21	21	21	21	21	21
Reserves	208	250	265	289	265	276	294	325
	186	205	164	137	114	110	70	47
Repayable after a year	51	131	162	90	93	70	42	19
Repayable within a year	135	74	2	47	20	40	28	28
	288	188	116	138	103	107	87	100
Trade payables	109	69	37	47	57	44	30	52
Other financial liabilities	25	27	65	23	16	16	16	12
Other liabilities	17	16	11	16	5	1	7	2
Provisions	1	2	0	0	0	1	1	1
Tax owed	0	0	0	0	0	0	1	2
	76	158	190	108	106	96	83	56
Other financial liabilities	–	0	6	6	5	7	9	9
Other liabilities	23	0	2	0	1	1	–	–
Provisions	0	0	0	0	0	1	1	1
Deferred tax	2	0	0	0	0	9	18	18
	593	617	593	556	495	500	484	503
Held for sale or for a demerger	–	32	62	30	27	21	11	8
	265	384	414	411	389	372	348	324
Plant in use, after depreciation	124	106	183	273	262	235	185	199
Plant being built	13	152	84	1	0	0	1	0
Intangible assets	3	8	7	7	6	5	5	9
Intangible assets being developed	0	0	0	0	0	7	–	0
Property held to earn rent	31	31	44	44	45	43	75	50
Investments	0	0	80	0	0	0	0	0
Loans given	2	7	5	11	0	0	0	0
Other financial assets	60	48	–	68	64	62	69	66
Deferred tax	13	20	7	8	2	0	11	0
Other assets	19	11	4	–	10	20	2	1
	327	202	117	115	79	106	126	171
Inventories	57	46	30	28	17	15	11	11
Trade receivables	99	117	33	19	11	3	4	15
Cash and cash equivalents	21	1	18	17	9	37	14	28
Other bank balances	5	1	1	21	21	43	47	43
Current investments	0	0	0	0	0	0	41	66
Loans given	3	3	3	3	3	0	0	0
Other financial assets	1	1	0	0	1	1	3	3
Tax paid in advance	0	0	0	0	–	0	4	0
Other assets	141	33	31	26	17	6	2	5
Net debt	160	203	145	99	84	30	−31	−91

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March.

₹ crore	Mar 2021Filed 23 Jun	Mar 2022Filed 16 Jun	Mar 2023Filed 16 May	Mar 2024Filed 8 May	Mar 2025Filed 10 Jun	Mar 2026Filed 2 May
	37	19	35	21	34	67
	38	21	25	21	28	63
	−6	38	21	−24	−23	0
Receivables	84	6	0	0	0	−10
Inventories	15	3	11	2	4	0
Payables	−38	29	8	8	−2	0
Other working capital	−68	1	2	−34	−25	10
Tax paid	−1	−2	−3	−10	−3	4
Interest paid	0	0	24	21	20	0
Capital spending	67	15	16	5	6	4
Free cash flow	−30	4	20	16	28	63
	21	83	−9	19	−13	−15
Plant and property sold	66	96	5	22	35	3
Interest received	0	9	1	2	3	6
	−40	−104	−34	−11	−45	−38
Borrowings raised	64	0	40	20	19	0
Borrowings repaid	−77	−87	−65	−24	−54	−28
Interest paid	−27	−15	−8	−7	−5	−2
Lease payments	0	−1	−1	−1	−1	−1
Dividends paid	0	0	0	0	4	5
Shares bought back	0	0	0	0	0	0
Shares issued	0	0	0	0	0	0
Net change in cash	17	−1	−8	28	−23	14

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Standalone, ₹ per share, years to March.Omax Autos dividend history

₹ per share	Mar 2017	Mar 2018	Mar 2019Filed 13 Jun	Mar 2020Filed 2 Jul	Mar 2021Filed 23 Jun	Mar 2022Filed 16 Jun	Mar 2023Filed 16 May	Mar 2024Filed 8 May	Mar 2025Filed 10 Jun	Mar 2026Filed 2 May
Earnings per share	−₹0.76	₹3.58	₹0.20	₹20.38	−₹4.73	₹10.97	−₹11.38	₹5.45	₹10.07	₹17.32
Diluted earnings per share	−₹0.76	₹3.58	₹0.20	₹20.38	−₹4.73	₹10.97	−₹11.38	₹5.45	₹10.07	₹17.32
Dividend per share	–	–	–	–	–	–	–	₹2.00	₹2.50	₹5.00
Book value per share	–	–	₹107.10	₹126.83	₹134.11	₹145.08	₹133.67	₹139.14	₹147.37	₹162.13
Dividend payout	–	–	–	–	–	–	–	36.7%	24.8%	28.9%
Shareholder yield	–	–	–	–	0.0%	0.0%	0.0%	0.0%	2.4%	2.7%
Market cap at the year end (₹ crore)	167	290	177	41	86	91	85	219	183	197

Ratios

Standalone, years to March.Omax Autos PE ratio and valuation

Ratio	Mar 2017	Mar 2018	Mar 2019Filed 13 Jun	Mar 2020Filed 2 Jul	Mar 2021Filed 23 Jun	Mar 2022Filed 16 Jun	Mar 2023Filed 16 May	Mar 2024Filed 8 May	Mar 2025Filed 10 Jun	Mar 2026Filed 2 May
Revenue growth	1.0%	16.0%	−18.0%	−52.9%	−65.4%	37.6%	35.4%	18.1%	3.9%	31.2%
Operating profit growth	−39.6%	18.7%	−4.2%	−48.4%	–	–	–	83.5%	27.0%	53.9%
Net profit growth	–	–	−94.3%	9,958.4%	–	–	–	–	84.8%	71.9%
Earnings per share growth	–	–	−94.4%	10,090.0%	–	–	–	–	84.8%	72.0%
	–	–	0.2%	17.4%	–	–	−8.2%	4.0%	7.0%	11.2%
	–	–	–	17.2 pts	–	–	–	12.2 pts	3.0 pts	4.2 pts
From the net margin	–	–	–	40.2 pts	–	–	–	11.5 pts	3.1 pts	2.2 pts
From asset turnover	–	–	–	−21.8 pts	–	–	–	0.8 pts	0.4 pts	2.8 pts
From borrowing	–	–	–	−1.2 pts	–	–	–	−0.1 pts	−0.4 pts	−0.9 pts
Return on capital employed	–	–	4.9%	2.2%	–	−9.0%	−2.3%	0.9%	3.4%	8.2%
Cash conversion	–	–	–	–	–	81.3%	–	177.5%	158.6%	180.7%
Interest cover	0.7	0.6	0.7	0.4	–	–	–	0.2	0.6	2.0
Debt to equity	–	–	0.81	0.75	–	0.44	0.40	0.37	0.22	0.14
Receivable days	–	–	36	91	–	32	13	3	4	11
Inventory days	–	–	30	57	–	62	27	20	14	10
Payable days	–	–	57	86	–	104	93	59	38	50
Cash conversion cycle, days	–	–	9	63	–	−10	−52	−36	−20	−29
Working capital days	–	–	55	67	–	−24	−41	−42	−34	−29
Asset turnover	–	–	1.67	0.77	–	–	0.57	0.71	0.75	0.98
Assets per rupee of net worth	–	–	2.59	2.42	–	–	1.76	1.70	1.61	1.49
Sales per rupee of plant	–	–	8.00	4.42	0.88	0.81	1.15	1.51	1.99	2.44
Capital spending to depreciation	–	–	–	–	5.34	0.97	0.67	0.23	0.33	0.24
Plant being built, % of plant in use	–	–	10.2%	144.4%	45.9%	0.2%	0.0%	0.0%	0.4%	0.0%

Interest cover is left blank for the years to Mar 2021, Mar 2022 and Mar 2023: operating profit after depreciation is a loss, and a loss covers no interest bill. Return on equity, asset turnover and assets per rupee of net worth are left blank for the years to Mar 2021 and Mar 2022: a tenth or more of the assets on the balance sheet it is worked from are held for sale or for a demerger, so it would mix the business being kept with the part that is leaving. Change in return on equity, from the net margin, from asset turnover and from borrowing are left blank for the years to Mar 2021, Mar 2022 and Mar 2023: a tenth or more of the assets on the balance sheet it is worked from are held for sale or for a demerger, so it would mix the business being kept with the part that is leaving. Debt to equity, receivable days, inventory days, payable days, cash conversion cycle, days, return on capital employed and working capital days are left blank for the year to Mar 2021: a tenth or more of the assets on the balance sheet it is worked from are held for sale or for a demerger, so it would mix the business being kept with the part that is leaving. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2026.

Return on assets, latest year: 7.5%
Cash from operations against operating profit: 135.0%

Measure	10 years	5 years	3 years
Revenue growth, yearly rate	−7.3%	24.6%	17.2%
Profit growth, yearly rate	16.7%	–	–
Return on equity, average	–	3.5%	7.4%
Return on capital employed, average	–	0.2%	4.2%
Operating margin, average	0.9%	3.9%	8.7%
Net margin, average	2.3%	3.8%	5.6%
Asset turnover, average	–	0.75	0.82
Cash conversion cycle, days, average	–	−29	−28
Interest cover, average	–	–	0.9
Debt to equity, average	–	0.31	0.24

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore	5 years	3 years	Latest year
Cash from operations	176	122	67
Cash from investing	65	−9	−15
Cash from financing	−231	−94	−38
Capital spending	46	15	4
Dividends paid	10	10	5
Shares bought back	0	0	0
Shares issued for cash	0	0	0
Borrowings raised	80	39	0
Borrowings repaid	257	105	28

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	–	2	6	3	8	8	8
Altman Z-scorePublished threshold 1.81	–	–	2.72	1.80	1.16	1.60	1.58	2.42	2.74	3.22
Beneish M-scorePublished threshold −1.78	–	–	–	–	−3.57	−2.57	−3.15	−3.05	−1.95	−1.01
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	–	−11.19	−13.73	−9.54	−5.58	0.06	−3.01
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	–	–	6.95	10.15	1.73
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	–	71.39	−6.39	−79.02	−78.43	−92.96	53.06	207.23
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	–	38.67	27.44	−52.73	−77.28	−30.35	−30.80	−35.35
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	–	−23.32	−1.24	−2.50	−2.82	−2.80	0.32	−0.26
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	–	–	0.94	0.01	0.00	–	–	0.00
Effective tax ratePublished threshold 17.16 per cent	5,533.33	−1,241.16	91.59	6.33	–	−3.37	–	49.28	38.99	25.11
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	–	−13.13	–	5.57	31.25	16.24

A threshold marked as ours has no published figure; it is the line we read the check against.