Omax Autos Ltd (OMAXAUTO)

Automobile and Auto Components · Auto Ancillaries · NSE · Updated 2 September 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹185.6 ↑ 22.43% (1Y)

🎯 Key Takeaways

Omax Autos is in a stable growth and consolidation phase, characterized by consistent profitability, strong margins, and shareholder-friendly capital allocation. Management is focused on operational efficiency and governance continuity, with no aggressive expansion signals but steady reinvestment in core operations.
Revenue declined 30.1% QoQ to ₹122 in Q1FY27.
⚠️ Overreliance on a few large customers in the auto sector could expose the company to order volatility.

Market Cap

₹397

P/E Ratio

9.8

P/B Ratio

1.97

ROE

20.1%

ROCE

15.0%

Debt/Equity

1.32

Promoter

54.6%

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📖 The Story

Omax Autos is in a stable growth and consolidation phase, characterized by consistent profitability, strong margins, and shareholder-friendly capital allocation. Management is focused on operational efficiency and governance continuity, with no aggressive expansion signals but steady reinvestment in core operations. The company demonstrates resilience in demand across its auto ancillary segments, supported by long-term customer relationships and a vertically integrated cost structure.

📰 What's Happening

In Q1 FY26 (June 2026), Omax Autos reported revenue of ₹12,996.96 lakhs, up 11.5% YoY, driven by volume growth and margin improvement. Profit after tax rose to ₹1,060.32 lakhs from ₹714.11 lakhs YoY, reflecting operational efficiency. The board recommended a final dividend of ₹2.5 per share, subject to shareholder approval at the AGM on August 29, 2026. Directors Tavinder Singh and Nipun Khurana were reappointed, and M/s JSN & Co. retained as cost auditors for FY27. Shareholders approved all 8 AGM resolutions unanimously on September 1, 2026, including financials and director appointments.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	88	122	174	122
Operating Profit	1	10	18	9
OPM %	0.9%	8.1%	10.1%	7.5%
Net Profit	0	12	17	11
EPS	₹0.16	₹5.71	₹8.11	₹4.96

The company has shown sequential revenue recovery from ₹88 lakhs in September 2025 to ₹174 lakhs in March 2026, followed by stabilization at ₹122 lakhs in June 2026, indicating normalized operations post-seasonal fluctuations. Profitability remains robust with improving OPM trends (peaking at 10.1% in March 2026), though margin compression occurred in the latest quarter. Net profit growth has been consistent, supporting dividend sustainability. The absence of large capital expenditures or debt increases suggests capital allocation is focused on maintaining liquidity and returning cash via dividends rather than aggressive expansion.

🔮 Management Outlook & What's Next

Management has not provided formal forward guidance on revenue or margins in the latest filings. However, the reappointment of key directors and retention of auditors signal confidence in governance and operational continuity. The board emphasized dividend payment within 30 days of declaration and highlighted shareholder engagement through virtual platforms. No new product lines, capacity expansions, or market expansions were disclosed in recent filings, indicating a focus on optimizing existing operations rather than scaling new initiatives.

Extracted from official company announcements. Not StockFin.ai's opinion.

🏦 Balance Sheet (₹ Cr)

Item	Mar 2015
Equity Capital	21
Reserves	180
Borrowings	266
Total Liabilities	738
Fixed Assets	454
Investments	0
Total Assets	738

The balance sheet shows a healthy equity base of ₹21 lakhs with reserves of ₹180 lakhs as of March 2015, though borrowings of ₹266 lakhs indicate moderate leverage. Total assets of ₹738 lakhs suggest asset-light operations with capital intensity typical of ancillary manufacturers. There is no evidence of recent large-scale capex or debt restructuring. The company maintains a conservative capital structure with stable financing, supporting financial flexibility. Cash flows show positive operating cash generation of ₹53 lakhs in March 2015, with minimal financing outflows, indicating prudent liquidity management.

💰 Cash Flow Statement (₹ Cr)

Item	Mar 2015
Operating	+53
Investing	-44
Financing	-6
Net Cash Flow	+3

👥 Shareholding Pattern

Category	Q2FY26	Q3FY26	Q4FY26	Q1FY27
Promoters	52.8%	53.2%	54.9%	54.6%
FII	0.0%	0.0%	0.4%	0.4%
DII	0.0%	0.0%	0.0%	0.1%
Public	38.8%	38.1%	38.1%	37.8%
# Shareholders	14,966	14,787	14,979	16,182

Promoter holding has slightly increased from 52.75% in Q2FY26 to 54.86% in Q4FY26, indicating confidence in long-term prospects. FII and DII holdings remain very low (0.36% and 0% respectively), suggesting limited institutional interest or passive positioning. The number of shareholders has gradually increased, reflecting retail investor engagement. No pledging of shares was disclosed, and the stable shareholder base supports governance continuity. The lack of foreign institutional interest may reflect sector-specific investment patterns rather than company-specific concerns.

⚖️ Peer Comparison — Auto Ancillaries

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
MOTHERSON	1.76 L Cr	40.1	13.9%	11.0%	0.39
BOSCHLTD	1.44 L Cr	61.1	21.7%	15.9%	0.00
UNOMINDA	73,774	61.3	19.3%	18.9%	0.37
SONACOMS	50,497	72.5	15.2%	11.5%	0.04
ENDURANCE	40,405	41.7	17.3%	14.2%	0.15
EXIDEIND	37,443	40.2	9.8%	6.7%	0.08
CRAFTSMAN	29,279	55.7	14.7%	14.2%	1.02
ZFCVINDIA	28,863	11.7	18.3%	13.5%	0.00
GABRIEL	25,551	67.5	32.0%	25.6%	0.06
SUNDRMFAST	25,335	41.5	17.4%	14.3%	0.14

🔗 Peer Stock Analyses

MOTHERSON BOSCHLTD UNOMINDA SONACOMS ENDURANCE

⚠️ Risk Factors

1. Overreliance on a few large customers in the auto sector could expose the company to order volatility. 2. Low institutional ownership may limit liquidity and increase price volatility. 3. High promoter concentration (54.86%) increases governance scrutiny and potential for related-party risks. 4. Margin pressure in Q1 FY26 (OPM at 7.5%) could persist if input costs rise or demand softens, especially with no pricing power indicated in filings.

📋 Recent Filings

🧠 Analyst's Read

Omax Autos demonstrates consistent operational performance and shareholder-friendly policies, with management prioritizing stability over aggressive growth. Investors should monitor the upcoming AGM outcomes, dividend payment timelines, and any shifts in customer order patterns. The company's trajectory remains steady, but upside is likely tied to broader auto sector recovery rather than company-specific catalysts.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-09-02.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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