Synopsis: Omax Autos Ltd shares surged 20% after Q3 results, with revenue up 38% QoQ to ₹122 crore and net profit skyrocketing 3,596.9% QoQ to ₹12.2 crore.
The shares of a Micro-cap company specialising in manufacturing and supplying high-quality sheet metal components, tubular components, and machined components for the automotive (passenger and commercial vehicles), railway, and heavy fabrication sectors, are in focus following their Q3 results.
With a market capitalization of Rs. 249.92 Crores on Wednesday, the shares of Omax Autos Ltd hit a 20 percent upper circuit, reaching a high of Rs. 116.85 compared to its previous close of Rs. 97.40.
Omax Autos Ltd, engaged in manufacturing and supplying high-quality sheet metal components, tubular components, and machined components is in the spotlight today as it has announced its Q3 results as follows:
Its Revenue from operations rose by 32 percent YoY from Rs. 92.3 Crores in Q3FY25 to Rs. 122 Crores in Q3FY26, and it rose by 38 percent QoQ from Rs. 88.3 Crores in Q2FY26 to Rs. 122 Crores in Q3FY26.
Its Net Profit YoY rose by 325 percent from Rs. 2.87 Crores in Q3FY25 to Rs. 12.2 Crores in Q3FY26, and on a QoQ basis, it rose by 3596.9 percent from Rs. 0.33 Crores in Q2FY26 to Rs. 12.2 Crores in Q3FY26. The earnings per share (EPS) for the quarterly period stood at Rs. 5.71, compared to Rs. 1.34 in the previous year’s quarter.
Company Overview
Omax Autos Ltd, founded in 1983 and headquartered in Gurugram, is a leading Indian manufacturer of critical auto and non-auto components. It specializes in sheet metal, tubular, and machined components, serving the automotive (CV & PV), railways, and heavy fabrication sectors, with a major footprint in commercial vehicle chassis manufacturing.
It offers a diverse product portfolio, specializing in chassis assemblies, frame assemblies, bus bodies, sprocket components, and high-precision machined parts such as axle and steering shafts. Their expertise spans both heavy-duty and precision engineering components, catering to a wide range of industrial and automotive needs.
The company serves a prestigious clientele, including Hero MotoCorp, IKEA, Tenneco, Piaggio, Toyota, and Indian Railways, reflecting its strong reputation for quality and reliability across multiple sectors. Omax’s products are trusted by leading global and domestic brands for their durability and precision.
The company demonstrates strong fundamentals, with a decent return on capital employed (ROCE) of 9.0% and a conservative debt-to-equity ratio of 0.23, indicating efficient use of capital and low financial risk. Its stock is trading at a P/E of 11.5, well below the industry average of 26.7, and has a PEG ratio of 0.37, suggesting it is undervalued relative to its earnings growth potential.
Additionally, the stock is priced at 0.78 times its book value, highlighting potential margin of safety for investors. The company has delivered impressive profit growth, with a 5-year CAGR of 29.9%, reflecting consistent operational performance and strong growth prospects.
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