India_pdf_522005

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(522005)  Austin Engineering Company INDIA Edition buysellsignals.com | Friday, June 22, 2012 L-T Rating: 4 out of 5 S-T Rating: 3 out of 5 Price/Earnings 3.8x Present Value Rs1000 (1 year) 1030 Price/Sales 0.2x 30-DAY PRICE (%) 4.1 Price/NTA 0.5x 5-DAY PRICE (%) 0.4 Yield % 3.6 3-MONTH PRICE(%) 1.8 Earning Yield 26.6 1-DAY PRICE (%) -1.7 ROA 7.9 REL STRENGTH (6M) 52.2 ROE 14 1-YEAR PRICE(%) -0.3 % Disc to High 25.1 PEMAP50 1 CONTENTS 1 Company overview 4 Technical analysis 7 Glossary 2 Shareholder returns 5 Sector ranking 3 Stock analysis and ratings 6 News and events  A publication of:  Austin Engineering Company  weakens below Moving Average Price 50-day MAP trails 200-day MAP  Austin Engineering Company Ltd., India's 52nd largest industrial machinery company by market capitalisation, has dropped below its trend. The 200-day moving average price (MAP) was Rs70.95. The price to 200-day MAP ratio is 0.97. In the past 200 days this ratio has been under 0.97 111 times suggesting downside. The 50-day MAP of Rs68.68 is lower than the 200-day MAP of Rs70.95, a bearish indicator. The 200-day MAP has decreased to Rs70.95. A decrease is another bearish indicator. The stock price decreased Rs1.20 (or 1.7%) to close at Rs68.80. Compared with the BSE Sensex index, which fell 60.0 points (or 0.4%) on the day, this was a relative price change of -1.4%. Shares Outstanding: 3,478,000 Market Cap: Rs23.9 crores 1 MONTH PRICE VOLUME 3Mo . 5Yr . PERCENT R 

Transcript of India_pdf_522005

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(522005

) Austin Engineering Company

INDIA Edition buysellsignals.com | Friday, June 22, 2012

L-T Rating: 4 out of 5 S-T Rating: 3 out of 5

Price/Earnings 3.8x Present Value Rs1000 (1 year) 1030

Price/Sales 0.2x 30-DAY PRICE (%) 4.1

Price/NTA 0.5x 5-DAY PRICE (%) 0.4

Yield % 3.6 3-MONTH PRICE(%) 1.8

Earning Yield 26.6 1-DAY PRICE (%) -1.7

ROA 7.9 REL STRENGTH (6M) 52.2

ROE 14 1-YEAR PRICE(%) -0.3

% Disc to High 25.1 PEMAP50 1

CONTENTS1 Company overview 4 Technical analysis 7 Glossary

2 Shareholder returns 5 Sector ranking

3 Stock analysis and ratings 6 News and events

 A publication of:

 Austin Engineering Company 

 weakens below Moving AveragePrice 50-day MAP trails 200-day MAP

 Austin Engineering Company Ltd., India's 52nd largestindustrial machinery company by market capitalisation,has dropped below its trend. The 200-day moving average

price (MAP) was Rs70.95. The price to 200-day MAP ratio is0.97. In the past 200 days this ratio has been under 0.97

111 times suggesting downside. The 50-day MAP of Rs68.68 is lower than the 200-day MAP of Rs70.95, a

bearish indicator. The 200-day MAP has decreased toRs70.95. A decrease is another bearish indicator. The stockprice decreased Rs1.20 (or 1.7%) to close at Rs68.80.Compared with the BSE Sensex index, which fell 60.0

points (or 0.4%) on the day, this was a relative pricechange of -1.4%.

Shares Outstanding: 3,478,000Market Cap: Rs23.9 crores

1 MONTH PRICE VOLUME 3Mo . 5Yr .

PERCENT R 

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 Austin Engineering Company ( 522005 ) buysellsignals.com | FRIDAY, JUNE 22, 2012

Company Overview

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 Austin Engineering Company ( 522005 ) | Page 2

 Activities

 Austin Engineering Company Limited (AEC) is theManufacturer, Exporter and Supplier of Quality Auto &Industrial Ball & Roller Bearings and its components.

Further details can be found at www.aec-bearings.com.

 VOLUME WEIGHTED PRICE

RELATIVE STRENGTH

Top Management

The chairman is N C Vadgama.

Financials

 ANNUAL REPORT FOR THE YEAR ENDED MARCH 31,2011

 year-on-year comparisons with previous corresponding

period

FAVOURABLE CHANGES

Total revenue up 42.4% to Rs97.8 crores ($US21.9m)

 A 5-year track record of positive earningsTotal revenue to total assets up 20.9% to 1.2.

UNFAVOURABLE CHANGES

Net profit down 2.3% to Rs6.4 crores ($US1.4m)Total liabilities to total assets up 4.9% to 0.4Current ratio down 15.1% to 2.5

Working capital to total assets down 4.4% to 49.2%.

MAJOR COMMON SIZE RATIOS

Total current assets to total assets up from 77.6% to 81.4%Current inventory to total assets up from 37.6% to 45.5%Current debtors to total assets up from 21.1% to 22.4%

Total non-current assets to total assets down from 22.4% to18.6%

Fixed assets to total assets down from 22.0% to 18.2%Profit after tax to sales down from 9.5% to 6.5%Depreciation to sales down from 2.6% to 1.9%

Interest expenses to sales down from 1.5% to 0.9%.

Issued Capital

Based on 3,478,000 issued equity shares the marketcapitalisation is Rs23.9 crores (US$4.2 million). It is India's

47th largest Industrial Machinery company by assets.

TOP 1 SHAREHOLDERS

Name of Shareholder No. of Shares(m) % Held

Float 2 65.45

Total 2 65.45

TOP 1 SHAREHOLDERS

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 Austin Engineering Company ( 522005 ) buysellsignals.com | FRIDAY, JUNE 22, 2012

Company Overview Cont.

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 Austin Engineering Company ( 522005 ) | Page 3

Shareholder Returns

TRAILING ONE WEEK 

The stock fell four times (80% of the time) and rose once(20% of the time). The volume was 0.2 times average trading

of 12,500 shares. The value of Rs1,000 invested a week ago isRs990 [vs Rs1,002 for the BSE Sensex index], for a capital lossof Rs10(or loss of 1.0%).

TRAILING ONE MONTH

The stock fell twelve times (52% of the time), rose ten times

(43% of the time) and was unchanged once (4% of the time).The volume was 0.4 times average trading of 55,000 shares.The value of Rs1,000 invested a month ago is Rs1,041 [vs

Rs1,066 for the BSE Sensex index], for a capital gain of Rs41(or rise of 4.1%).

TRAILING ONE YEAR 

The value of Rs1,000 invested one year ago is Rs1,030 [vsRs974 for the BSE Sensex index], including a capital loss of 

Rs3 and dividend reinvested of Rs33. The total return toshareholders for 1 year is 3.0%.

TRAILING FIVE YEARS

The value of Rs1,000 invested five years ago is Rs779,including a capital loss of Rs311 and dividend reinvested of 

Rs90.

PRESENT VALUE RS1000 3Yr . 5Yr .

SHAREHOLDER RETURNS(PV RS1000) 5Yr .

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 Austin Engineering Company ( 522005 ) buysellsignals.com | FRIDAY, JUNE 22, 2012

Analysis & Rating (Long-Term & Short-Term)

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 Austin Engineering Company ( 522005 ) | Page 4

Long-Term Rating (Fundamentals): 4 outof 5

 Austin Engineering Company is rankednumber 53 out of 89 listed industrialmachinery companies [that traded today] inIndia with a market capitalization of Rs23.9crores (US$4.2 million).In the industrial machinery companies it has the 47thhighest total assets and 43rd highest revenues.Within its sector it has a relatively low P/E of 3.8, low P/S of 

0.2.It has a moderate relative ROE of 14% and ROA of 7.9%. Thedividend yield is moderate at 3.6%.

Stocks are scored on a set of parameters reflectingfundamental analytical tools

involving valuation, size andfinancial performance. They

are ranked according to theaverage values of thoseparameters. The highest

rating is 5 and the lowestrating is 1.

Relative Valuation Indicators - RVI™ -Fundamental Analysis

THE STOCK MEETS THE FOLLOWING VALUECRITERION SET BY BENJAMIN GRAHAM:

"An earnings-to-price yield of at least twice the triple-A

bond"; the stock's earning yield of 26.6% is 3.3 times thetriple-A bond yield of 8.08%."Current ratio of two or more"; current assets are 2.53

times current liabilities.

OTHER BULLISH SIGNALS:

Price/Earnings of 3.8 versus sector average of 15.1 andmarket average of 13.7. We estimate the shares are trading

at a current year P/E of 3.4 and a forward year P/E of 3.2.Price/Sales of 0.24 versus sector average of 1.4 and market

average of 1.1. We estimate the shares are trading at a

current year Price/Sales of 0.2 and a forward year Price/Salesof 0.2.The Price to Book of 0.5 lower than average of 2.7 for the

Industrial Machinery sector and 2.1 for the Total IndianMarket. We estimate the shares are trading at a current yearPrice to Book of 0.4 and a forward year Price to Book of 0.4.

Dividend Yield of 3.6% (based on trailing 12 monthsdividends of Rs2.50) versus sector average of 2.1% and

market average of 1.5%. The company paid out a dividend of Rs2.50 in the past 12 months. The 10-year bond yield iscurrently 8.08%.

The P/E of 3.8 multiplied by the P/NTA of 0.5 is 2.0. Beingless than the Benjamin Graham benchmark of 22.5 the stockappears undervalued.

The company is cash rich with Cash to MarketCapitalisation at 21.8%.

The Q Ratio, defined by James Tobin as MCap divided byTotal Assets, is 0.3. Compared with the rest of the marketthe stock is undervalued.

BEARISH SIGNALS:

Return on Equity of 14.0% versus sector average of 16.6%

and market average of 14.0%.Return on Assets of 7.9% versus sector average of 8.6% and

market average of 3.2%.The average annual compound return on the share price in

the last 5 years was -4.9%, underperforming the average

annual compound return on the BSE Sensex index of 5.6%

THE STOCK HAS A SCORE OF MERELY 3 OUT OF 9SET BY JOSEPH PIOTROSKI [PASS MARK >=5 ]:

Positive net income; Positive operating cashflow;

Improvement in asset turnover [growth in revenue of 22.39% exceeded growth in assets of 17.81%].

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 Austin Engineering Company ( 522005 ) buysellsignals.com | FRIDAY, JUNE 22, 2012

Analysis & Rating (Long-Term & Short-Term) Cont.

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 Austin Engineering Company ( 522005 ) | Page 5

Short-Term Rating (Technical): 3 out of 5

Significantly its price of Rs68.80 is at a discount of 3% to its200-day moving average price of Rs70.95. Its 52-week rangehas been Rs91.90 to Rs61.20; it is trading at a discount of 25.1

% to its 52-week high and a premium of 12.4 % to its 52- week low. Rs1,000 invested exactly one year ago is now worth Rs1,030 of which Rs3 is a capital loss and Rs33 is

dividends.Recommended stop loss: Rs63.64

Stocks are scored on a set of 

technical parametersreflecting price performanceand trading volumes. They are

ranked according to the

average values of thoseparameters. The highestrating is 5 and the lowestrating is 1.

Relative Valuation Indicators - RVI™ -Technical Analysis

BULLISH SIGNALS:

The price strengthened 0.4% in the last week and gained4.1% in the last month.

Compared with the BSE Sensex index which rose 0.1% forthe week, this represented a relative price increase of 0.2%

for the week.The Moving Average Convergence Divergence (MACD)

indicator of 12-day Exponential Moving Average (EMA) of 

69.1 minus the 26-day EMA of 68.9 is positive suggesting abullish signal.

BEARISH SIGNALS:

In the Indian market of 2,740 stocks traded today, thestock has a 6-month relative strength of 52 which means it

has outperformed 52% of the market.The price to 200-day MAP ratio is 0.97. In the past 200 days

this ratio has been under 0.97 111 times suggestingdownside. The 50-day MAP of Rs68.68 is lower than the 200-day MAP of Rs70.95, a bearish indicator. The 200-day MAP

has decreased to Rs70.95. A decrease is another bearishindicator.

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 Austin Engineering Company ( 522005 ) buysellsignals.com | FRIDAY, JUNE 22, 2012

Technical Analysis

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 Austin Engineering Company ( 522005 ) | Page 6

Price Volume Dynamics

 VOLATILITY 

The stock traded between an intraday low of Rs68.80 and ahigh of Rs70.0, suggesting a trading opportunity between

peaks and troughs. The average daily volatility of 3.8% placesthe stock in the 4th quartile in the market meaning it is least

 volatile.

 VOLUME

There were 181 shares worth Rs12,480 (US$218.4) traded. The

 volume was 0.1 times average trading of 2,500 shares.

% DISCOUNT TO HIGH

The last price is at a discount of 25.1% to the 12-month highof Rs91.90 eleven months ago on 19 Jul, 2011.

% PREMIUM TO LOW 

The last price is at a premium of 12.4% to the 12-month lowof Rs61.20 six months ago on 21 Dec, 2011.

ONE-YEAR PRICE HIGH, CLOSE AND LOW PRICE

5Yr .

% DISCOUNT TO HIGH AND % PREMIUM TO LOW 

BETA

The Beta of this stock is 0.61. A Beta lower than 1 suggeststhis is a low risk, low return stock with volatility less thanthat of the market.

STANDARD DEVIATION (SD)

SD is a statistical measure of deviation from the mean. TheSD of 2.4% gives it a percentile rank of 18 meaning that 18%of stocks in the Indian market are less volatile than this

stock.

TRAILING MONTH

In the last 20 trading sessions there has been a net rise of 2.69%; the stock has advanced ten times and the biggest oneday rise was 4.5% on May 29.

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 Austin Engineering Company ( 522005 ) buysellsignals.com | FRIDAY, JUNE 22, 2012

Sector Ranking

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 Austin Engineering Company ( 522005 ) | Page 7

Price Performance Rank

The stock is in 2 sectors.

THE FOLLOWING INDEX AND SECTOR FELL SETTINGTHE TREND FOR ITS FALL OF 1.7%:

BSE Sensex index which was down 60.0 points or 0.4% to16,972.5,

The Total Indian Market of 2740 stocks traded today, which was down 32.5 points or 0.2% to 14,530.8

The stock went against the trend set by Industrial Machinerysector of 72 stocks traded today, which was up 289.8 pointsor 1.2% to 23,466.

Stock Ranking by Percentage Price Change, versus Index andSectors for 1 day and 6 months

Rank of Stock1 Day 

Rank of Stock

6Months

TotalNumber of Stocks in

Sector/Index

Industrial Machinery

sector

58 38 87

Total Indian Market 2039 1249 3426

BuySellSignals™ Sector Valuation Table

TOTAL INDIAN MARKET

Fundamental

Valuation

P/Earnings Price/Net

Tangible Assets

Discount

to52-Wk

High (%)

Premium

to52-WkLow (%)

TotalIndian

Market Avg

13.7x 2.1x 14.4 16.4

522005 3.8x 0.5x 25.1 12.4

Rank 263 793 2070 672

Rank 1 1.5x513121

0.1x509130

99.2531693

0.1532470

Rank 2 1.5x

NAHARSPING

0.1x

LCCINFOTEC

98.9

531611

0.1

531494

Rank 3 1.5x

SUTLEJTEX

0.1x

SHREERAMA

98.8

508998

0.2

530771

Lowest

Rank

0.2

524412

1868.9

531900

Size

Market Cap

Rs

Total Indian Market Avg 2,187 crores

522005 23.9 crores

Rank 1812

Rank 1 241,403.6 croresTCS

Rank 2 239,553.7 croresONGC

Rank 3 232,558.5 crores

RELIANCE

Lowest Rank 34.8 lakhs504180

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 Austin Engineering Company ( 522005 ) buysellsignals.net | FRIDAY, JUNE 22, 2012

Sector Ranking Count

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 Austin Engineering Company ( 522005 ) | Page 8

Technicals

Price Volume Dynamics

PVRs1,000

(1 Yr)

RelStrength

(6m)

PEMAP50 1-DayPrice (%)

5-DayPrice (%)

30-DayPrice (%)

3-MonthPrice (%)

1-YearPrice (%)

30-Day Avg

Volatility

Momentum

TotalIndian

Market Avg

946.7 57.6 - -0.2 1.5 4.2 -3.4 -6.95 2.9 -

522005 1,030.3 52.2 1x -1.7 0.4 4.1 1.8 -0.3 2.8

Rank 712 1249 942 2039 1392 963 836 712 2269 2349

Rank 1 18,220.3531900

99.96509051

1.8x530795

22.9UMESLTD

48.1SHILPI

44.3 ANTGRAP

HIC 530635

Rank 2 11,601.1

509051

99.9

531900

1.6x

511593

19.98

VARDMNPOLY

27.2

VARDMNPOLY

38.5

BIRLACOT 511589

Rank 3 11,426.4

506016

99.9

505525

1.6x

524758

18.9

523710

25.3

531686

22.4

590084524640

LowestRank

-928.0INVENTU

RE

0.04533310

0.3xREISIXTE

N

-49.2NAUKRI

0.5530393

504336

Performance

ROA(%)

Yield(%)

Total IndianMarket Avg

3.2 1.5

522005 7.9 3.6

Rank 624 416

Rank 1 15.97KANORICHEM

Rank 2 187.5

532470

15.6

511571

Rank 3 186.6521167

14.33IINFOTECH

Lowest Rank 0.001 ARCHIDPLY

0.03512229

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 Austin Engineering Company ( 522005 ) buysellsignals.com | FRIDAY, JUNE 22, 2012

Financial Results

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 Austin Engineering Company ( 522005 ) | Page 9

 Year-on-year Comparisons

 ANNUAL REPORT: AUSTIN ENGINEERING COMPANY (BSE:522005) NET PROFIT DOWN 2.3% TO RS6.4 CRORES($US1.4M)

Summary

GENERAL INFORMATION

Company Name Austin Engineering Company Ltd.

Company ISIN INE759F01012

Company CODE 522005

Industry Industrial Machinery sector

2011-03-31 2010-03-31

Native Currency INR INR  

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 Austin Engineering Company ( 522005 ) buysellsignals.com | FRIDAY, JUNE 22, 2012

Financial Results Cont.

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 Austin Engineering Company ( 522005 ) | Page 10

INCOME STATEMENT

Currency in INR 2011-03-31 2010-03-31 Change %

INCOME

Sales (Gross) 862,449,360 704,675,767 Up 22.4

Less : Excise Duty recovered on Sales 28,278,994 19,374,295 Up 46.0

834,170,366 685,301,472 Up 21.7

Other Income 40,157,961 16,206,452 Up 147.8

115,396,819 -18,032,012 Recovery

874,328,327 701,507,924 Up 24.6

Increase (Decrease) in Finished Goods.Semi Finished Goods and 75,238,858 -34,238,464 Recovery

Trade Goods. 949,567,185 667,269,460 Up 42.3

EXPENDITURE

Manufacturing and other exp. 721,498,615 490,107,070 Up 47.2

Purchase of Trade Goods 116,252,158 89,995,662 Up 29.2

Interest 8,607,662 10,277,336 Down 16.2

Depreciation 18,801,248 18,175,471 Up 3.4

865,159,683 608,555,539 Up 42.2

Profit before Exceptional Item 84,407,502 58,713,921 Up 43.8

MTM Losses on derivative Contracts for ineffective hedge -2,610,000 -27,590,000 Reduced 90.5

Profit after Exceptional Item 87,017,502 86,303,921 Up 0.8

Provision for taxation

Current Tax 26,483,516 22,000,000 Up 20.4

Deferred Tax -3,238,452 -937,015 D e t e r i o r a t i o n2 4 5 . 6

Profit after tax 63,772,438 65,240,936 Down 2.3

Prior period Expenses 775,773 1,018,289 Down 23.8

62,996,665 64,222,647 Down 1.9

Balance brought forward from last year 245,693,080 195,497,317 Up 25.7

 AMOUNT AVALIABLE FOR APPROPRIATION 308,689,745 259,719,964 Up 18.9

 Appropriations:

Proposed Dividend 8,694,500 5,216,700 Up 66.7

Proposed Dividend no more required due to -56,245

Buy Back of Shares including Tax on Proposed D Provision for Tax

on Proposed Dividend

1,410,465 866,429 Up 62.8

Transfer to General Reserve 8,000,000 8,000,000 Steady

Balance Carried to Balance Sheet 290,584,780 245,693,080 Up 18.3

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 Austin Engineering Company ( 522005 ) buysellsignals.com | FRIDAY, JUNE 22, 2012

Financial Results Cont.

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 Austin Engineering Company ( 522005 ) | Page 11

BALANCE SHEET

Currency in INR 2011-03-31 2010-03-31 Change %

SOURCESOF FUNDS

SHAREHOLDERS' FUNDS

Capital 34,778,000 34,778,000 Steady

Reserves & Surplus 419,725,067 368,810,747 Up 13.8

454,503,067 403,588,747 Up 12.6

LOAN FUNDS

Secured Loans 86,398,134 93,064,494 Down 7.2

Deferred Tax Liabilities (Net) 4,026,892 7,265,344 Down 44.6

90,425,026 100,329,838 Down 9.9

TOTAL : 544,928,093 503,918,585 Up 8.1

 APPLICATION OF FUNDS

Fixed Assets

Gross Block 365,997,607 352,414,649 Up 3.9

Less : Depreciation 220,048,964 202,239,463 Up 8.8

145,948,643 150,175,186 Down 2.8

 Add. Capital Work In Progress 1,052,717

147,001,360 150,175,186 Down 2.1

Investments 2,704,656 2,704,656 Steady

149,706,016 152,879,842 Down 2.1

CURRENT ASSETS, LOANS & ADVANCES

Inventories 365,041,707 256,595,879 Up 42.3

Sundry debtors 179,681,170 144,102,062 Up 24.7

Cash & Bank Balances 52,083,504 75,217,709 Down 30.8

Loans & Advances 56,553,768 52,859,131 Up 7.0

653,360,149 528,774,781 Up 23.6

Less : CURRENT LIABILITIES & PROVISIONS

Liabilities 205,385,739 133,946,220 Up 53.3

Provisions 52,752,333 43,789,818 Up 20.5258,138,072 177,736,038 Up 45.2

NETCURRENTASSETS 395,222,077 351,038,743 Up 12.6

TOTAL : 544,928,093 503,918,585 Up 8.1

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 Austin Engineering Company ( 522005 ) buysellsignals.com | FRIDAY, JUNE 22, 2012

Financial Results Cont.

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 Austin Engineering Company ( 522005 ) | Page 12

CASH FLOW 

Currency in INR 2011-03-31 2010-03-31 Change %

Net Profit before tax and Extraordinary Items : 87,018,000 86,304,000 Up 0.8

 Adjustments for:

Depreciation 18,801,000 18,175,000 Up 3.4

Interest Paid 8,608,000 10,277,000 Down 16.2

MTM Losses on derivative contracts for ineffective hedge -2,610,000 -27,590,000 Reduced 90.5

Profit on sale of Assets/shares -45,000

Interest/Dividend Income -610,000 -748,000 Reduced 18.4

Income Tax Expenses -776,000 -1,018,000 Reduced 23.8

Increase(decrease) in Foreign Exchange transaction reserve -1,977,000 -375,000 D e te r io r at i on

4 2 7 . 2

21,391,000 -1,279,000 Recovery

Operating Profit before working capital changes 108,408,000 85,025,000 Up 27.5

 Adjustments for :

Trade and other receivables -39,274,000 25,812,000 Deterioration

Inventories -108,446,000 38,591,000 Deterioration

Trade payables 77,573,000 -10,526,000 Recovery

Cash generated from operations 38,261,000 138,902,000 Down 72.5

Direct taxes paid -25,066,000 -24,864,000 Deterioration 0.8

NET CASH FROM OPERATING ACTIVITIES: 13,195,000 114,038,000 Down 88.4CASH FLOW FROM INVESTING ACTIVITIES :

Proceeds from Issue of Share Capital (Buy back of shares) -1,969,000

Purchase of Fixed Assets -16,018,000 -7,643,000 D e t e r i o r a t i o n1 0 9 . 6

Purchase of Investments

Sale of Fixed Assets 436,000

Sale of Investments

Interest/Dividend Received 610,000 748,000 Down 18.4

Net Cash used in investing activities -14,972,000 -8,864,000 D e t e r i o r a t i o n

6 8 . 9CASH FLOW FROM FINANCING ACTIVITIES:

Proceeds of Long Term Borrowings -6,666,000 -42,382,000 Reduced 84.3

Dividend Paid -5,217,000 -5,219,000 Reduced 0.0

Dividend Tax paid -866,000 -887,000 Reduced 2.4

Interest paid -8,608,000 -10,277,000 Reduced 16.2

Net Cash used in financial activities -21,357,000 -58,765,000 Reduced 63.7

Net increase in cash and cash equivalents (A+B+C) -23,134,000 46,409,000 Deterioration

Cash and Cash equivalents (Opening Balance) 75,218,000 28,809,000 Up 161.1

Less : Cash and cash equivalents (Closing Balance) 52,084,000 75,218,000 Down 30.8

-23,134,000 46,409,000 Deterioration

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 Austin Engineering Company ( 522005 ) buysellsignals.com | FRIDAY, JUNE 22, 2012

Financial Results Cont.

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 Austin Engineering Company ( 522005 ) | Page 13

EBITDA AND MARGINS

2011-03-31 2010-03-31

Net Income Margin % 6.52 9.5

PERFORMANCE RATIOS

2011-03-31 2010-03-31 Change %

Return on Assets (%) 7.94 9.57 Down 17.0

Total Liabilities to Operating Cash Flow 26.42 2.44

Total Liabilities/Total Assets 0.43 0.41 Up 6.4

Current Ratio 2.53 2.98 Down 14.9

USD Conversion at balance date of March 31,2011

Export in XLS

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 Austin Engineering Company ( 522005 ) buysellsignals.com | FRIDAY, JUNE 22, 2012

News and Events

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 Austin Engineering Company ( 522005 ) | Page 14

Company Announcements:RecentHeadlines and Snippets

THE LAST 10 SNIPPETS WERE:

May 29, 2012: Austin Engineering Companyannounces AGM

 Austin Engineering Company has announced its Annual

General Meeting will take place on September 22, 2012. Open

Full Announcement.

 January 18, 2012: Austin EngineeringCompany: Financial Results for Dec 31, 2011[News Story] Austin Engineering Company Ltd has informedBSE about the Financial Results for the period ended

December 31, 2011. http://www.bseindia.com/xml-data/corpfiling/AttachLive/Austin_Engineering_Company_Ltd_180118_Rst.pdfSource: Bombay Stock Exchange of IndiaOpen Full Announcement.

September 07, 2011: Austin EngineeringCompany recommends dividend

 Austin Engineering Company today announced a finaldividend of Rs2.50 per share. The ex dividend date is

September 13, 2011.

October 21, 2010: Austin EngineeringCompany: Financial results for Sep 30, 2010[Company Release] Austin Engineering Company Ltd has

informed BSE about the Financial Results for the Quarterended September 30, 2010.http://www.bseindia.com/xml-data/corpfiling/announcement/Austin_Engineering_Company

_Ltd_211010_Rst.pdfSource: Bombay Stock Exchange of IndiaOpen Full Announcement.

September 13, 2010: Austin EngineeringCompany recommends dividend

 Austin Engineering Company today announced a finaldividend of Rs1.50 per share. The ex dividend date isSeptember 13, 2010. Open Full Announcement.

 June 23, 2009: Austin Engineering

recommends dividendCompany has informed BSE that the Board of Directors of theCompany at its meeting held on June 23, 2009, inter alia, has

recommended Dividend Rs 1.50 Per Equity Share for the yearended March 31, 2009, subject to approval of Annual GeneralMeeting.

 April 13, 2009: Austin Engineering FY 09results by Jun 30, 2009Company has informed BSE that the Company will bepublishing Audited results of the Company for Financial year

ended March 31, 2009 within Three Months from the end of the financial year and the Unaudited Financial Results forthe last quarter of the accounting year ended on March 31,

2009 will not published.

 January 22, 2009: Austin EngineeringCompany Ltd buyback of sharesTrading members are hereby informed that Austin

Engineering Company Ltd. (522005) has announced buybackof its fully paid-up equity shares of face value of Rs.10/- eachfrom the Open Market through electronic tradingmechanism of the Exchange. The Maximum Buyback Price

 would not exceed Rs.65/- (Rupees sixty Five only) per equityshare payable in cash for an aggregate amount not exceeding

Rs.2,92,50,000/- . Date of Opening of the Buyback on BOLT : January 27, 2009 Last date for the Buyback : January 07, 2010(i.e. 12 months from the date of the board resolution).

 January 09, 2009: Austin Engineering buy-back of equity sharesCompany has informed BSE that the Board of Directors of the

Company at its meeting held on January 08, 2009, inter alia,has decided to buy-back maximum 4,50,000 Equity shares atprice not exceeding Rs 65/- per share for an aggregatingamount not exceeding Rs 2,92,50,000 and acquisition of 

minimum 50000 Equity shares.

May 29, 2008: Austin EngineeringRecommends DividendCompany has informed BSE that the Board of Directors of the

Company at its meeting held on May 29, 2008, inter alia, hasrecommended Dividend of Rs 2.20 Per Equity Share for the

 year ended March 31, 2008, subject to approval of Annual

General Meeting of the Company.

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 Austin Engineering Company ( 522005 ) buysellsignals.com | FRIDAY, JUNE 22, 2012

Glossary 

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 Austin Engineering Company ( 522005 ) | Page 15

DEBT/EQUITY 

Net Debt/Net Assets (times)

CURRENT RATIO

Current Assets/Current Liabiliites (times)

INTEREST COVER 

Earnings Before Interest and Tax/Interest (times)

EARNINGS YIELD ACTUAL

Earnings Per Share/Share Price (%)

EBIT MARGIN

Earnings Before Interest and Tax/Revenue (%)

RETURN ON ASSETSNet Profit/Total Assets (%)

PRICE/EARNINGS

Share Price/Earnings Per Share (times)

PRICE/SALES PS

Share Price/Sales Per Share (times)

PRICE/NTA

Closing Share Price/Net Tangible Assets Per Share (times)

CASH/MCAP

Cash plus Liquids/Market Capitalisation (times)

 VOLUME INDEX

Number of shares traded in the period/Average number of shares traded for the period

MOVING AVERAGE PRICE (N PERIODS)

Sum of Prices for each Period/Number of Periods

PRICE CLOSE/MOVING AV PRICE

Latest Price/Moving Average Price

DIVIDEND YIELD

Dividend Per Share/Share Price (%)

DIVIDEND % FRANKED (A)

Dividend Per Share Franked/Dividend Per Share (%)

DIVIDEND PAYOUT RATIO

Dividend Per Share/Earnings Per Share (%)

CAPITAL PROFIT (LOSS) N YEARS AGO (3/2/1)

Value of Current Investment minus Value of Original

Investment

INCOME DURING THE N YEARS (3/2/1)

Dividends received during the Period

TOTAL PROFIT (LOSS) OVER N YEARS (3/2/1)

Capitla Gain (Loss) plus Dividens received minus OriginalInvestment

TOTAL LIABILITIES/TOTAL ASSETS

Total Liabilities/Total Assets

FREE CASH FLOW PER SHARE

Earnings Before Interest, Tax, Depreciation and Amortisation

Minus Capex/Per Share

CAPITAL GAIN/LOSS FROM N YEARS AGO TO N-1 YEARS AGO

Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)

 ANNUAL RETURN

Dividends Paid In a 12-Month Period/Price at the Beginning of 

the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago(%)

BANKS COST-TO-INCOME RATIO OR EFFICIENCY RATIO

Total Non-Interest Expense/Total Income (Net InterestIncome + Non-Interest Income)

BANKS NON-INTEREST INCOME TO TOTAL INCOME

Non-Interest Income (Loan fees etc)/Total Income (NetInterest Income + Non-Interest Income)

BANKS TIER 1 RATIO

Tier 1 Capital (Ending Equity - Intangibles etc)/Total Tangible Assets

BANKS TIER 2 RATIO

Tier 2 Capital (Tier 1 - Subordinated Debt + Unrealised

Gains/Loan Losses)/Total Tangible Assets

NET INTEREST MARGIN

Net Interest Income/Average of all Earning Assets

RETURN ON EQUITY (SHAREHOLDERS' FUNDS)

Net Profit/Net Assets (%)

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BuySellSignals Financial Research provides equityresearch on over 42,000 companies listed in more than80 countries across the world. BuySellSignals believesthat every stock has a story to tell and that this story

changes every day. To capture this story, BuySellSignalsoffers the latest pertinent and comprehensiveinformation so that investors can make well-informedinvestment decisions.

BuySellSignals publishes equity research reports on each stock, sector and index daily to

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fundamental information including specific bullish and bearish signals for each stock.Insights that will guide you to the investments that are hard to find in todays hyperactive

mainstream markets.

Further details on definitions and quotations from investing legends can be found in following

link: http://buyselltips.net/PressClipping/DefinationOfVariable.php.

BST MOMENTUM COLOUR GUIDE

Momentum Up Price increase fuelled by above average Volume

 Weak Momentum Up Price increase on below average Volume

Momentum Down Price decrease fuelled by above average Volume

 Weak Momentum Down Price decrease on below average Volume

Strong Unchanged Price unchanged on above average Volume

 Weak Unchanged Price unchanged on below average Volume

Untraded Untraded

Disclaimer: While this document is based on information sources which are considered reliable, it has been prepared without consideration of your specificinvestment objectives, financial situation or needs, so you should carry out your own analysis or seek professional investment advice before an investment deci-

sion is made. The document contains unbiased, independent equities data from BuySellSignals (AFS Licence 222756) and News Bites Pty Ltd, who provide roundthe clock data on every Australian stock and sector. Neither BuySellSignals nor News Bites are brokers, and neither have an executing, corporate advisory or

investment banking function. BuySellSignals and News Bites Pty Ltd, its directors, employees and consultants do not represent, warrant or guarantee, expressly orimpliedly, that the information contained in this document is complete or accurate.

The data is sourced from annual reports and company releases and may not be fully up to date. It should be used as a guide only.

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 Austin Engineering Company ( 522005 ) | Page 16