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Auto Pins (India) (BOM:531994) Financial Strength : 6 (As of Dec. 2024)


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What is Auto Pins (India) Financial Strength?

Auto Pins (India) has the Financial Strength Rank of 6.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Auto Pins (India)'s Interest Coverage for the quarter that ended in Dec. 2024 was 1.21. Auto Pins (India)'s debt to revenue ratio for the quarter that ended in Dec. 2024 was 0.00. As of today, Auto Pins (India)'s Altman Z-Score is 5.13.


Competitive Comparison of Auto Pins (India)'s Financial Strength

For the Auto Parts subindustry, Auto Pins (India)'s Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Auto Pins (India)'s Financial Strength Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Auto Pins (India)'s Financial Strength distribution charts can be found below:

* The bar in red indicates where Auto Pins (India)'s Financial Strength falls into.


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Auto Pins (India) Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Auto Pins (India)'s Interest Expense for the months ended in Dec. 2024 was ₹-1.6 Mil. Its Operating Income for the months ended in Dec. 2024 was ₹2.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ₹0.0 Mil.

Auto Pins (India)'s Interest Coverage for the quarter that ended in Dec. 2024 is

Interest Coverage=-1*Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*1.965/-1.624
=1.21

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Auto Pins (India)'s Debt to Revenue Ratio for the quarter that ended in Dec. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Dec. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 0) / 379.256
=0.00

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Auto Pins (India) has a Z-score of 5.13, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 5.13 is strong.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Auto Pins (India)  (BOM:531994) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Auto Pins (India) has the Financial Strength Rank of 6.


Auto Pins (India) Financial Strength Related Terms

Thank you for viewing the detailed overview of Auto Pins (India)'s Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Auto Pins (India) Business Description

Traded in Other Exchanges
N/A
Address
Rajiv Gandhi Colony, 16, Industrial Area, NIT, Faridabad, HR, IND, 121001
Auto Pins (India) Ltd is engaged in the manufacturing and trading of loose leaf springs, iron, and steel. The firm manufactures and sells automotive components and accessories around the world. The company's key products are leaf springs, parabolic springs, U Bolts, Spring Pins and large and small springs for use in trucks, tractors, and transport automobiles.

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