Automobile Corporation of Goa Ltd-$
Automobile Corporation of Goa Board Approves Rs. 29 Crore Share Buyback
RESULTS
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 21 Oct 2026, 05:51 PM IST · BSE ID: da64cc79-c80a-48e9-adea-38ffb7eb25b7
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's board decided to buy back some of its own shares for Rs. 29 crore, and announced its latest financial results.
🤖 AI Summary
- Board approved buyback of up to 1,44,639 equity shares at Rs. 2,005 per share.
- Aggregate buyback consideration is Rs. 29,00,01,195, excluding transaction costs.
- Buyback represents 2.38% of total equity, within the 10% Board approval limit.
- Promoter and Promoter Group stated they will not participate in the buyback.
- Company reported Audited Financial Results for Q2 and H1 FY27 with an unmodified opinion.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Buy-back Shares
1,44,639 equity shares
Buy-back Price
Rs. 2,005/- per equity share
Buy-back Size
Rs. 29,00,01,195/-
Total Income (Q2 FY27)
Rs. 270.94 crore
Total Income (Q1 FY27)
Rs. 252.71 crore
Total Income (Q2 FY26)
Rs. 210.43 crore
PBT (Q2 FY27)
Rs. 17.74 crore
PBT (Q1 FY27)
Rs. 19.66 crore
🏢 How This Affects the Company
The company delivered 2,336 bus bodies in Q2 FY27, an increase from 1,966 in Q2 FY26. Domestic business remained stable, focusing on operational efficiency and cost optimization despite international challenges.
The buyback of Rs. 29,00,01,195 will reduce the company's cash reserves and equity share capital by 2.38%. This allocation of capital is within the statutory limit of 10% of aggregate paid-up equity capital and free reserves.
The company's operational highlights mention continued focus on operational excellence, cost optimisation, and capability building for long-term sustainable growth.
The ongoing geopolitical situation in the Middle East continues to challenge the company's International Business (IB) volume, posing a risk to export revenue streams.
👥 What This Means For Shareholders
✅
Action Required
Eligible equity shareholders interested in participating in the buyback through the Tender Offer route will need to respond as per the public announcement once released.
👤
Who Is Affected
Shareholders holding equity shares as of the Record Date (October 28, 2026) are eligible. Promoters (48.98% pre-buyback holding) indicated non-participation.
🔍
Management Signal
Management intends to return capital to public shareholders through a buyback, while focusing on operational efficiency and sustainable growth despite geopolitical challenges.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Public Announcement for buyback — check for detailed process and timelines.
Record Date for buyback (October 28, 2026) — confirm eligibility for Tender Offer.
Subsequent quarterly results — assess impact of operational efficiency on margins.
MEDIUM RISK
Geopolitical situation impacting international business and declining PBT margins are noted concerns.
💡 Investor Takeaway
Automobile Corporation of Goa's Board approved a buyback of up to 1,44,639 shares for Rs. 2,005 per share, totaling Rs. 29,00,01,195. Q2 FY27 Total Income grew 28.76% QoQ to Rs. 270.94 crore, but PBT declined 9.80% QoQ to Rs. 17.74 crore.
⚖️ Strengths & Concerns
✅ Positives
- Q2 FY27 Total income increased to Rs. 270.94 crore, a 28.76% QoQ growth from Rs. 252.71 crore in Q1 FY27.
- Company delivered 2,336 bus bodies in Q2 FY27, an increase from 1,966 bus bodies in the corresponding Q2 FY26.
⚠️ Concerns
- Q2 FY27 PBT of Rs. 17.74 crore declined by 9.80% QoQ from Rs. 19.66 crore, with PBT margin falling to 6.55% from 6.01% in Q1 FY27.
- EBITDA margin in Q2 FY27 stood at 7.26%, lower than 10.02% reported in the corresponding Q2 FY26.
📅 Company Track Record
In Q1 FY27 (June 30, 2026), Automobile Corporation of Goa reported a PBT decline of 50.84% QoQ to Rs. 15.19 crore, with total income down 3.08% QoQ. The current filing shows Q2 FY27 PBT further declined 9.80% QoQ.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the share buyback price approved by Automobile Corporation of Goa?
Automobile Corporation of Goa's Board approved a buyback price of Rs. 2,005/- per equity share.
What is the total value of the share buyback approved by Automobile Corporation of Goa?
The aggregate consideration for the buyback is Rs. 29,00,01,195/-, excluding transaction costs.
How many shares will Automobile Corporation of Goa buy back?
The company plans to buy back up to 1,44,639 fully paid-up equity shares.
What was Automobile Corporation of Goa's Total Income in Q2 FY27?
Automobile Corporation of Goa reported a Total income of Rs. 270.94 crore for Q2 FY27.
Did the Promoter Group participate in Automobile Corporation of Goa's buyback?
Members of the Promoter and Promoter Group of Automobile Corporation of Goa have indicated their intention not to participate in the proposed Buyback.
Questions based on this BSE filing only. For information purposes.