505036
Auto.Corp.of Goa share price & financials
- Price
- ₹2,163.9
- Market cap
- ₹1.1k Cr
What Auto.Corp.of Goa does
Automobile Corporation of Goa Limited designs, builds and assembles bus bodies (luxury, staff, school and defence variants) and manufactures sheet-metal pressings, stampings and tooling for commercial vehicles, operating as an associate company of Tata Motors. It runs two operating segments, Bus and Pressing, manufacturing at four plants in Goa, Maharashtra and Karnataka, and has also developed electric-vehicle prototypes including a 12-meter AC electric coach and a low-floor electric bus. A large share of its components are sourced from a long-standing outsourced supplier base rather than made in-house.
Segments
- Bus
- Pressing
- Manufacturing plants
- 4 plants — two in Goa (Honda-Sattari, Bhuimpal), plus Jejuri (Maharashtra) and Dharwad (Karnataka)
- Bus units sold
- 7,265 units in FY2024-25 (highest ever)
- Corporate affiliation
- Associate company of Tata Motors
- Supplier relationships
- Majority of key business partners/suppliers associated with the company for over 40 years
- EV prototype platforms developed
- 12-meter AC electric coach and a low-floor electric bus
Quarterly results
Q1 FY27: revenue down 2.7%, net profit down 52.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 130 | 111 | 217 | 256 | 206 +58% | 200 +80% | 271 +25% | 249 −3% |
| EBITDA | 7 | 4 | 20 | 28 | 17 +143% | 16 +300% | 25 +25% | 13 −54% |
| Net profit | 7 | 5 | 17 | 23 | 15 +114% | 11 +120% | 21 +24% | 11 −52% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −16.9% 1Y
1Y: ₹2,133.45 on 10 Sept 2025 → ₹1,773. High ₹2,356.6 (15 Jul 2026), low ₹1,454.6 (30 Mar 2026).
Financials, as filed
Revenue grew 22.6% a year over 3 years, FY23 to FY26. Operating margin widened to 9.2%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹506 Cr | ₹584 Cr | ₹661 Cr | ₹933 Cr |
| Operating profit | ₹31 Cr | ₹42 Cr | ₹52 Cr | ₹86 Cr |
| Operating margin | 6.1% | 7.2% | 7.9% | 9.2% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹4 Cr | ₹4 Cr | ₹4 Cr | ₹5 Cr |
| Net profit | ₹28 Cr | ₹39 Cr | ₹47 Cr | ₹70 Cr |
| Net margin | 5.5% | 6.7% | 7.1% | 7.5% |
| Cash from operations | ₹-4 Cr | ₹61 Cr | ₹10 Cr | ₹136 Cr |
| Free cash flow | ₹-8 Cr | ₹55 Cr | ₹-6 Cr | ₹99 Cr |
| ROCE | 14.0% | 19.0% | 20.0% | 30.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr | ₹6 Cr |
| Reserves | ₹161 Cr | ₹163 Cr | ₹188 Cr | ₹213 Cr | ₹273 Cr | ₹302 Cr |
| Borrowings | ₹17 Cr | ₹43 Cr | ₹72 Cr | ₹63 Cr | ₹94 Cr | ₹10 Cr |
| Other liabilities | ₹50 Cr | ₹74 Cr | ₹70 Cr | ₹91 Cr | ₹120 Cr | ₹141 Cr |
| Total liabilities | ₹234 Cr | ₹286 Cr | ₹336 Cr | ₹373 Cr | ₹492 Cr | ₹459 Cr |
| Fixed assets | ₹55 Cr | ₹50 Cr | ₹49 Cr | ₹51 Cr | ₹68 Cr | ₹70 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹2 Cr | ₹25 Cr |
| Investments | ₹9 Cr | ₹11 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹170 Cr | ₹225 Cr | ₹287 Cr | ₹321 Cr | ₹422 Cr | ₹363 Cr |
| Total assets | ₹234 Cr | ₹286 Cr | ₹336 Cr | ₹373 Cr | ₹492 Cr | ₹459 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −0.79 pp while the public added +0.79 pp. The shareholder count shrank 1% to 11,916.
- Promoters
- 49.0%
- FIIs
- 0.0%
- Public
- 51.0%
Since Jun 2025
- Promoters −0.79 pp
- Public +0.79 pp
- FIIs 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 49.8%, FIIs 0.0%, Public 50.2%.Dec '23: Promoters 49.8%, FIIs 0.0%, Public 50.2%.Mar '24: Promoters 49.8%, FIIs 0.0%, Public 50.2%.Jun '24: Promoters 49.8%, FIIs 0.0%, Public 50.2%.Sep '24: Promoters 49.8%, FIIs 0.0%, Public 50.2%.Dec '24: Promoters 49.8%, FIIs 0.0%, Public 50.2%.Mar '25: Promoters 49.8%, FIIs 0.0%, Public 50.2%.Jun '25: Promoters 49.8%, FIIs 0.0%, Public 50.2%.Sep '25: Promoters 49.8%, FIIs 0.0%, Public 50.2%.Dec '25: Promoters 49.8%, FIIs 0.0%, Public 50.2%.Mar '26: Promoters 49.0%, FIIs 0.0%, Public 51.0%.Jun '26: Promoters 49.0%, FIIs 0.0%, Public 51.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Investor Education And Protection Fund Authority Ministry Of Corporate Affairs +0.06 pp 2.13% held
- Pankaj Rakyan +0.05 pp 1.21% held
- Teesta Renewable Energy Private Limited newly disclosed 0.00% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Auto.Corp.of Goa above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Tata Motors Limited | 48.98% | unchanged |
| Edc Limited | 6.66% | unchanged |
| Arun Nahar | 4.13% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 2.13% | +0.06 pp |
| Rachna Credit Capital Private Limited | 1.25% | unchanged |
| Pankaj Rakyan | 1.21% | +0.05 pp |
| Diana Dhun Ratnagar | 1.08% | unchanged |
| Dhanesh S Shah | 1.06% | unchanged |
| PT Tata Motors Distribusi Indonesia | 0.00% | unchanged |
| Nita Company Limited | 0.00% | unchanged |
| Tata Motors Insurance Broking and Advisory Services Limited | 0.00% | unchanged |
| Tata Motors Body Solutions Limited | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
AttractiveTo justify its price of ₹1773, this stock must grow earnings at 13% every year for 7 years. Our analysis caps realistic growth at ~36%. At that growth it is worth ₹5669 — upside of 220%.
- Growth the price implies
- 12.8% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 35.7% a year
- net profit, FY23–FY26 · EPS 35.9%
- The gap
- -0.2 pp
- 220% downside if it only repeats history
Learn to analyse Auto.Corp.of Goa
Guides on how to read this kind of business and the numbers that matter.