BSE: 505032
AUTOMOBILE PRODUCTS OF INDIA L
Earns revenue primarily from Consultancy Services, which contributed 100% of segment revenue at Rs 0.1275 crore for the nine months ended December 31, 2023, while a Trading Activity segment reported no revenue. Total revenue from operations for FY2026 was Rs 17 lakhs, flat versus the previous year, and total income stood at Rs 80.80 lakhs versus Rs 84.15 lakhs in FY2025. The company classified under Auto Components & Equipments does not show any operating auto-components manufacturing activity in the filings; its commercial activity is limited to consultancy fees. The business is loss-making, with a net loss of Rs 173.42 lakhs in FY2026 (versus Rs 189.95 lakhs loss in FY2025), and finance costs of Rs 142.87 lakhs are the dominant expense against total income. Net worth is completely eroded, with negative reserves of Rs 1,614.93 lakhs and negative total equity of Rs 1,566.75 lakhs, and the statutory auditor flagged a going-concern emphasis of matter noting the holding company has committed to provide financial support. A rights issue of 13,99,415 shares at Rs 1 per share was completed in April 2026, raising approximately Rs 14 lakhs. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Consultancy Services (100%), Trading Activity (0%). Sub-scale, loss-making shell-like entity with negative net worth, sustained by holding-company financial support.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 |
| EBITDA (ex other income) | (0) | (1) | (1) | (1) | (1) |
| margin % | (270.0) | (356.2) | (607.9) | (631.4) | (551.8) |
| Owners' profit | (1) | (1) | (1) | (2) | (2) |
| EPS, as reported (₹) | (1.74) | (1.75) | (2.57) | (3.94) | (3.60) |
| ROE % · ROCE % | 8.5 · 11.2 | 7.8 · (40.1) | 10.3 · (58.4) | 13.7 · (32.5) | 11.1 · (20.3) |
| Debt / equity (x) | (1.00) | (1.04) | (1.06) | (1.08) | (1.09) |
| Cash from operations | 2 | (0) | 0 | (1) | (1) |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | (0) | (0) | (0) | (1) | (0) | (0) | (1) | (0) |
| Net profit | (0) | (0) | (0) | (1) | (0) | (0) | (1) | (0) |
| EPS (₹) | (0.80) | (0.90) | (0.82) | (1.42) | (0.92) | (0.99) | (1.20) | (0.49) |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,61,535 | 36.9 | 3.70 | 14.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,27,588 | 54.0 | 8.59 | 31.3 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 85,993 | 121.8 | 9.00 | 31.0 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 63,993 | 53.1 | 8.81 | 29.3 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 57,409 | 45.9 | 9.34 | — | 10.4 | 14.1 | — | 19.4 |
| SONA BLW PRECISION FRGS L | 48,774 | 70.0 | 7.95 | 42.4 | 10.3 | 12.9 | — | 25.1 |
| TUBE INVEST OF INDIA LTD | 43,450 | 71.6 | 3.06 | 16.8 | 7.9 | 12.4 | 30.3 | 10.6 |
| ENDURANCE TECHNO. LTD. | 33,971 | 35.0 | 4.97 | 16.6 | 13.9 | 15.6 | 17.4 | 13.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| ROCE | (116.8) | 12.6 | 125 of 125 | 0% |
| EBITDA margin | (246.6) | 12.2 | 117 of 118 | 1% |
| Revenue growth | 0.0 | 20.2 | 104 of 113 | 8% |
| Profit growth | 65.3 | 24.4 | 34 of 115 | 71% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 28 Sept 2026 · Trading window closed from Oct 1, 2026 ahead of Q2 results | compliance | minimal | — | — |
| 6 Sept 2026 · Notice of 75th AGM published; meeting on September 29, 2026 | compliance | minimal | — | — |
| 5 Sept 2026 · Annual Report FY 2025-26 and 75th AGM notice web-link shared | board shareholder meetings | medium | — | — |
| 5 Sept 2026 · Notice of 75th AGM of Automobile Products of India on September 29, 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · Notice of 75th AGM and FY25-26 Annual Report | board shareholder meetings | low | — | — |
| 13 Aug 2026 · Newspaper publication of Q1 FY27 unaudited financial results | compliance | minimal | — | — |
| 6 Aug 2026 · Board meeting on August 12 to approve Q1 FY27 unaudited results | results | low | — | — |
| 23 Jul 2026 · BSE imposes fine for non-compliance with minimum public shareholding rule | regulatory legal | medium | — | — |
| 23 Jul 2026 · BSE fines Rs 14.99 lakh for non-compliance with public shareholding norms | regulatory legal | high | — | — |
| 15 Jul 2026 · Reg 74(5) compliance certificate for Q1 FY27 - no demat activity | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.