Omax Autos Limited (OMAXAUTO) AI Stock Analysis

• Market Cap: ₹2.04B
• Dividend Yield: 2.4%
• Average Volume (3M): 4.38K
• Price to Earnings (P/E): 4.4
• Beta (1Y): 1.19
• 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: ₹107.00 ▼(-0.42% Downside)
• 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

Sustained Revenue Growth

A sharp 33.56% expansion in 2024 followed by positive 3.93% growth in 2025 shows the company moved from recovery into sustaining organic revenue. This durable top-line base supports longer-term scale, predictable cash flows and the ability to invest in products or distribution over the next 2–6 months.

Material Deleveraging

A large reduction in leverage (debt-to-equity from 0.83 to 0.25) and a strong 65% equity ratio materially lower financial risk. That structural improvement increases capacity for reinvestment, cushions cyclicality, and sustainably reduces interest burden and refinancing risk over the medium term.

Improved Cash Generation

Rising operating and free cash flow and a stronger OCF-to-net-income ratio indicate earnings are converting into cash more reliably. Durable cash generation supports capex, dividends and further debt paydown, and signals higher quality earnings vs. accrual-driven profits.

Negative Factors

Decelerating Revenue Momentum

The steep slowdown in revenue growth signals waning top-line momentum, which can erode operating leverage and compress future margin expansion. If the company cannot reaccelerate sales, modest growth may constrain reinvestment and long-run profit acceleration over the next several quarters.

Slight Asset Contraction

A modest but persistent decline in total assets may reflect underinvestment, asset sales, or shrinking capacity. Continued asset contraction could limit production or service capability, capping revenue potential and making it harder to support sustained growth or absorb demand spikes.

Modest Profitability and EPS Volatility

Although margins turned positive, a 5.84% net margin remains modest and historically volatile EPS (‑46% EPS growth) highlights earnings sensitivity. Limited margin headroom and earnings variability reduce the firm's ability to fund long-term investments or consistently expand shareholder returns.

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

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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	3.94B	3.69B	3.55B	2.99B	2.22B	1.60B
Gross Profit	859.29M	844.46M	768.36M	168.80M	537.31M	-134.84M
EBITDA	582.56M	566.61M	510.33M	143.42M	498.52M	131.15M
Net Income	108.34M	215.47M	116.58M	-243.38M	234.65M	-101.04M
Balance Sheet
Total Assets	4.88B	4.84B	5.00B	4.95B	5.56B	5.93B
Cash, Cash Equivalents and Short-Term Investments	1.07B	1.01B	776.76M	245.96M	170.59M	182.14M
Total Debt	715.10M	773.41M	1.18B	1.19B	1.43B	2.25B
Total Liabilities	1.71B	1.69B	2.02B	2.09B	2.46B	3.06B
Stockholders Equity	3.17B	3.15B	2.98B	2.86B	3.10B	2.87B
Cash Flow
Free Cash Flow	156.55M	277.95M	157.74M	195.72M	43.76M	-298.08M
Operating Cash Flow	193.49M	341.71M	206.91M	351.45M	190.88M	370.62M
Investing Cash Flow	30.47M	-129.28M	186.97M	-93.17M	832.86M	205.50M
Financing Cash Flow	-167.58M	-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 above the 20-day moving average (MA) of 105.69, above the 50-day MA of 106.31, and below the 200-day MA of 112.11, indicating a bearish trend. The MACD of -3.47 indicates Positive momentum. The RSI at 33.01 is Neutral, neither overbought nor oversold. The STOCH value of 15.43 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	₹2.04B	4.42	―	2.40%	5.99%	-68.60%
JMA	72 Outperform	₹1.90B	5.12	―	2.59%	―	―
TOUCHWOOD	68 Neutral	₹762.28M	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	₹1.96B	11.02	―	―	26.03%	-10.27%
SUPERHOUSE	57 Neutral	₹1.56B	30.80	―	0.55%	9.09%	-60.38%
SETCO	43 Neutral	₹2.20B	-1.04	―	―	12.77%	-2.59%