Omax Autos Limited (OMAXAUTO) AI Stock Analysis

• Market Cap: ₹2.24B
• Dividend Yield: 2.4%
• Average Volume (3M): 4.38K
• Price to Earnings (P/E): 4.4
• Beta (1Y): 1.18
• Revenue Growth: 5.99%
• EPS Growth: -68.60%
• Country: IN
• Employees: 153
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): 5.71
• Shares Outstanding: 21,388,212
• 10 Day Avg. Volume: 2,244
• 30 Day Avg. Volume: 4,378
• PEG Ratio: 0.10
• Price to Book (P/B): 0.59
• Price to Sales (P/S): 0.51
• P/FCF Ratio: 6.73
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: ₹117.00 ▲(8.89% Upside)
• Action: Upgraded Date: 01/29/26
• Date: Action: Upgraded 01/29/26

The score is driven primarily by improving financial performance (stronger profitability, much lower leverage, and better cash generation). Valuation is supportive with a low P/E and a solid dividend yield. Technicals are positive overall due to the uptrend, but the overbought RSI tempers the score due to elevated short-term reversal risk.

Positive Factors

Revenue Growth Trend

A multi-year rebound in top-line (sharp 2024 growth and continued positive growth in 2025) indicates strengthening product demand and distribution. Sustained revenue expansion supports scale economies, better margin leverage and provides a firmer base for reinvestment and long-term profitability.

Improved Profitability

Margins have meaningfully improved, with gross and net margins rising and EBIT/EBITDA stronger, showing operational efficiencies and pricing or cost control gains. Higher sustainable margins strengthen cash generation capacity and resilience to industry cyclicality over the medium term.

Stronger Balance Sheet & Cash Flow

Material deleveraging and a high equity ratio reduce financial risk and interest burden, while improved operating and free cash flow enhance liquidity and funding flexibility. This combination supports capex, working capital needs, and predictable shareholder returns over time.

Negative Factors

Declining Total Assets

A gradual decline in total assets can signal underinvestment, asset disposals, or shrinking operational capacity. If the trend continues it may constrain production scale, limit revenue upside and indicate potential underinvestment in long-term growth enablers like tooling or inventory.

Earnings Volatility / Past Losses

Significant negative EPS growth and a recent turnaround from losses point to earnings volatility. Profitability may not be fully entrenched, exposing the company to margin compression or demand shocks until multiple quarters of stable earnings confirm the transition.

Modest Return Metrics

ROE and net margins remain modest despite improvement, suggesting limited capital efficiency or constrained pricing power. Persistently low returns can restrict reinvestment capacity and shareholder value creation unless structural productivity or product-mix gains lift returns sustainably.

Omax Autos Limited Business Overview & Revenue Model

Company Description

Omax Autos Limited engages in the manufacture and sale of auto and non-auto components in India. The company provides various products for commercial vehicle comprising chassis assemblies, cross members, bumpers, cross car beam sub-assemblies, fender support brackets, holding brackets for number plates and rear tail lights, rear cross members, frames and side rails, and sub structures; and passenger car products, including steering and axle shafts, trunk and hood hinges, piston rods, air cleaner mounting brackets, and oil pans. It also offers products for railways and heavy fabrication, such as roofs, side walls, underframes, bogie frames, vertical and horizontal dampers, stainless steel benches, Indian and western bio-toilets, electric loco shells, and diesel locomotives. The company exports its products. Omax Autos Limited was incorporated in 1983 and is headquartered in Gurugram, India.

How the Company Makes Money

Omax Autos Limited generates revenue primarily through the sale of its automotive components and assemblies to OEMs and aftermarket distributors. The company's revenue model is built on several key streams: direct sales of manufactured parts, long-term supply contracts with major automotive companies, and partnerships with industry players that enhance its market reach. Additionally, OMAXAUTO may benefit from economies of scale in production, allowing for competitive pricing and improved margins. The company also invests in research and development to innovate its product offerings, which can lead to new revenue opportunities and strengthen its competitive position in the market.

Omax Autos Limited Financial Statement Overview

Summary

Strong overall financial improvement: revenue grew sharply in 2024 (+33.56%) and remained positive in 2025 (+3.93%); profitability improved with net margin rising to 5.84% and better EBIT/EBITDA margins. Balance sheet leverage decreased materially (debt-to-equity 0.83 to 0.25) with a solid equity ratio (65.06%), while cash flow quality strengthened (higher operating cash flow and free cash flow relative to net income). A mild concern is slightly declining total assets.

Income Statement

Omax Autos Limited has shown a positive trend in revenue growth, with a significant increase of 33.56% from 2023 to 2024 and a moderate growth of 3.93% from 2024 to 2025. The gross profit margin has improved over the years, reaching 22.86% in 2025. Despite historical losses, the net profit margin turned positive in 2024 and improved to 5.84% in 2025. The EBIT and EBITDA margins have also strengthened, indicating operational efficiency improvements.

Balance Sheet

The company's debt-to-equity ratio improved significantly from 0.83 in 2024 to 0.25 in 2025, highlighting effective debt management. The equity ratio remained strong at 65.06% in 2025, reflecting a solid equity base. Return on equity improved to 6.84% in 2025, demonstrating enhanced profitability. However, the total assets have been decreasing slightly, which may pose long-term risks if the trend continues.

Cash Flow

The operating cash flow to net income ratio improved significantly, indicating strong cash generation relative to net income. Free cash flow also increased, showing robust cash management and capital expenditure control. The free cash flow to net income ratio strengthened, reflecting efficient cash utilization.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.85B	3.69B	3.55B	2.99B	2.22B	1.60B
Gross Profit	763.52M	844.46M	768.36M	168.80M	537.31M	-134.84M
EBITDA	775.67M	566.61M	510.33M	143.42M	498.52M	131.15M
Net Income	260.39M	215.47M	116.58M	-243.38M	234.65M	-101.04M
Balance Sheet
Total Assets	0.00	4.84B	5.00B	4.95B	5.56B	5.93B
Cash, Cash Equivalents and Short-Term Investments	1.01B	1.01B	776.76M	245.96M	170.59M	182.14M
Total Debt	0.00	773.41M	1.18B	1.19B	1.43B	2.25B
Total Liabilities	-3.15B	1.69B	2.02B	2.09B	2.46B	3.06B
Stockholders Equity	3.15B	3.15B	2.98B	2.86B	3.10B	2.87B
Cash Flow
Free Cash Flow	0.00	277.95M	157.74M	195.72M	43.76M	-298.08M
Operating Cash Flow	0.00	341.71M	206.91M	351.45M	190.88M	370.62M
Investing Cash Flow	0.00	-129.28M	186.97M	-93.17M	832.86M	205.50M
Financing Cash Flow	0.00	-446.61M	-113.62M	-337.40M	-1.04B	-404.37M

Omax Autos Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 107.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:OMAXAUTO, the sentiment is Negative. The current price of 107.45 is below the 20-day moving average (MA) of 113.75, above the 50-day MA of 106.51, and below the 200-day MA of 111.53, indicating a bearish trend. The MACD of -0.52 indicates Positive momentum. The RSI at 37.46 is Neutral, neither overbought nor oversold. The STOCH value of 10.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:OMAXAUTO.

Omax Autos Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OMAXAUTO	74 Outperform	₹2.24B	4.42	―	2.40%	5.99%	-68.60%
JMA	72 Outperform	₹1.96B	5.12	―	2.59%	―	―
TOUCHWOOD	67 Neutral	₹807.16M	16.12	―	0.38%	134.18%	105.54%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
PRITIKAUTO	58 Neutral	₹2.12B	11.02	―	―	26.03%	-10.27%
SUPERHOUSE	57 Neutral	₹1.62B	30.80	―	0.55%	9.09%	-60.38%
SETCO	43 Neutral	₹2.39B	-1.04	―	―	12.77%	-2.59%