Gabriel India

₹373.1 11.6 | 3.2%

WEBSITE BSE:505714 NSE : GABRIEL(I) 10 May, 16:01

Market Cap ₹5359 Cr.

Stock P/E 32.8

P/B 5.5

Current Price ₹373.1

Book Value ₹ 68.1

Face Value 1

52W High ₹440

Dividend Yield 0.68%

52W Low ₹ 167

Edit Ratio

Gabriel India Research see more...

Overview Inc. Year: 1961Industry: Auto Ancillary

Gabriel India Ltd is engaged within the production and marketing of ride control merchandise. The Company's portfolio includes a range of ride control merchandise, which consists of shock absorbers, struts and the front forks for each automobile section. It operates through Auto Components and Parts business section. Its enterprise devices consist of Commercial Vehicles & Railways, 2-Wheelers & 3-Wheelers, Passenger Cars and Aftermarket. It manufactures front forks and rear shock absorbers for two-wheelers; McPherson struts and shock absorbers for passenger cars; cabin dampers, seat dampers and suspension shock absorbers for industrial cars, and surprise absorbers for railway coaches. Its ride control merchandise for various segments are marketed across The Association of Southeast Asian Nations, Iran, the United States, Latin America, North America, South Africa, Europe, Australia and Asia Pacific. It has production facilities in Chakan, Khandsa, Nashik, Hosur, Dewas, Parwanoo and Sanand.

Gabriel India Share Price

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Peer Comparison

Gabriel India Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	535	578	454	590	606	684	721	803	711	737
Other Income	8	9	3	4	6	11	6	3	2	6
Total Income	543	587	456	594	613	695	727	806	713	743
Total Expenditure	497	531	429	547	564	647	670	744	660	685
Operating Profit	45	56	28	47	48	49	57	62	53	59
Interest	1	4	2	1	1	0	1	1	1	1
Depreciation	12	11	10	10	11	11	11	12	13	13
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	33	41	16	36	37	38	44	49	39	45
Provision for Tax	8	12	4	11	11	11	12	13	10	11
Profit After Tax	25	29	12	25	26	27	33	37	29	34
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	25	29	12	25	26	27	33	37	29	34
Adjusted Earnings Per Share	1.7	2	0.8	1.7	1.8	1.9	2.3	2.5	2	2.4

Gabriel India Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	1205	1287	1444	1438	1522	1833	2076	1870	1695	2332	2972	2972
Other Income	4	6	4	3	6	7	9	10	24	26	17	17
Total Income	1209	1292	1448	1441	1528	1840	2086	1880	1719	2358	2989	2989
Total Expenditure	1123	1196	1327	1309	1376	1662	1899	1732	1592	2186	2758	2759
Operating Profit	87	96	121	132	152	178	187	147	127	172	231	231
Interest	12	9	5	2	4	3	3	4	7	4	5	4
Depreciation	27	27	31	33	35	38	41	44	42	41	49	49
Exceptional Income / Expenses	-6	-4	-1	-1	0	0	0	0	0	0	0	0
Profit Before Tax	41	56	84	95	113	137	143	100	78	126	178	177
Provision for Tax	3	13	24	20	30	43	48	16	18	37	46	46
Profit After Tax	38	43	60	75	83	94	95	85	60	90	132	133
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	38	43	60	75	83	94	95	85	60	90	132	133
Adjusted Earnings Per Share	2.7	3	4.2	5.2	5.8	6.6	6.6	5.9	4.2	6.2	9.2	9.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	27%	17%	10%	9%
Operating Profit CAGR	34%	16%	5%	10%
PAT CAGR	47%	16%	7%	13%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	122%	51%	21%	27%
ROE Average	16%	12%	14%	16%
ROCE Average	22%	18%	19%	22%

Gabriel India Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	257	285	325	380	450	525	590	652	696	767	870
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	16	10	6	8	8	7	7	8	0	0	0
Other Non-Current Liabilities	20	72	92	70	68	118	168	184	153	228	270
Total Current Liabilities	264	278	267	266	287	339	336	288	456	546	519
Total Liabilities	558	644	691	724	813	989	1100	1131	1306	1541	1659
Fixed Assets	255	267	268	272	288	296	298	346	351	383	414
Other Non-Current Assets	36	94	101	79	116	131	230	279	177	250	303
Total Current Assets	266	283	323	373	409	561	572	506	778	907	942
Total Assets	558	644	691	724	813	989	1100	1131	1306	1541	1659

Gabriel India Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	3	3	4	3	35	4	18	5	1	13	41
Cash Flow from Operating Activities	108	69	100	91	136	104	93	120	204	95	136
Cash Flow from Investing Activities	-59	-36	-27	-36	-123	-64	-75	-96	-170	-43	-104
Cash Flow from Financing Activities	-49	-32	-75	-23	-44	-26	-31	-28	-22	-24	-34
Net Cash Inflow / Outflow	1	1	-1	32	-31	14	-13	-4	12	28	-1
Closing Cash & Cash Equivalent	3	4	3	35	4	18	5	1	13	41	40

Gabriel India Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.65	2.97	4.18	5.24	5.76	6.56	6.61	5.9	4.2	6.23	9.21
CEPS(Rs)	4.55	4.85	6.35	7.55	8.21	9.23	9.47	8.94	7.15	9.11	12.6
DPS(Rs)	0.75	0.85	1.05	1.2	1.3	1.4	1.5	1.3	0.9	1.55	2.55
Book NAV/Share(Rs)	17.88	19.85	22.66	26.45	31.34	36.54	41.07	45.38	48.48	53.38	60.59
Core EBITDA Margin(%)	6.21	6.37	7.32	8.13	8.72	9.11	8.56	7.37	6.05	6.26	7.19
EBIT Margin(%)	4.02	4.56	5.58	6.17	6.96	7.45	7.03	5.55	4.98	5.61	6.14
Pre Tax Margin(%)	3.09	3.93	5.24	6.01	6.73	7.3	6.89	5.36	4.6	5.42	5.99
PAT Margin (%)	2.86	3	3.76	4.74	4.93	5.01	4.57	4.53	3.56	3.84	4.45
Cash Profit Margin (%)	4.91	4.91	5.72	6.83	7.04	7.05	6.55	6.86	6.06	5.61	6.09
ROA(%)	6.95	7.09	8.99	10.63	10.75	10.46	9.09	7.59	4.95	6.29	8.27
ROE(%)	15.63	15.72	19.66	21.33	19.92	19.33	17.04	13.64	8.94	12.24	16.17
ROCE(%)	15.46	18.81	25.81	26.86	27.47	28.19	25.78	16.51	12.45	17.87	22.3
Receivable days	34	33.1	35.58	42.19	44	47.67	49.52	50.51	55.2	51.78	47.05
Inventory Days	32.12	29.3	26.21	25.61	26.35	27.21	27.63	31.37	37.97	31.81	26.7
Payable days	58.31	58.29	60.85	62.51	63.2	66.8	63.71	63.99	88.11	88.35	73.49
PER(x)	7.23	9.96	20.56	17.1	21.09	20.86	21.96	9.07	24.59	17.96	14.72
Price/Book(x)	1.07	1.49	3.79	3.39	3.87	3.75	3.54	1.18	2.13	2.1	2.24
Dividend Yield(%)	3.91	2.88	1.22	1.34	1.07	1.02	1.03	2.43	0.87	1.39	1.88
EV/Net Sales(x)	0.29	0.38	0.86	0.88	1.15	1.06	0.98	0.39	0.82	0.67	0.62
EV/Core EBITDA(x)	4.03	5.06	10.3	9.56	11.49	10.86	10.93	4.89	10.97	9.02	7.97
Net Sales Growth(%)	6.83	6.74	12.24	-0.41	5.81	20.46	13.27	-9.94	-9.37	37.59	27.43
EBIT Growth(%)	-32.71	21.11	37.49	10.05	19.04	20.08	4.24	-28.86	-18.68	54.8	39.59
PAT Growth(%)	-28.13	11.71	40.9	25.35	9.87	14	0.8	-10.82	-28.85	48.52	47.86
EPS Growth(%)	-28.13	11.71	40.9	25.35	9.87	14	0.8	-10.82	-28.85	48.52	47.86
Debt/Equity(x)	0.31	0.23	0.04	0.03	0.02	0.02	0.01	0.01	0	0	0
Current Ratio(x)	1.01	1.02	1.21	1.4	1.42	1.65	1.71	1.76	1.7	1.66	1.81
Quick Ratio(x)	0.59	0.6	0.8	0.99	0.97	1.21	1.21	1.21	1.27	1.28	1.38
Interest Cover(x)	4.35	7.2	16.25	39.46	30.17	48.51	49.76	29.01	12.9	30.59	39.8
Total Debt/Mcap(x)	0.29	0.16	0.01	0.01	0	0.01	0	0.01	0	0	0

Gabriel India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	55	55	55	55	55	55	55	55	55	55
FII	1.19	1.28	1.38	2.57	2.55	2.91	2.69	3.04	4.08	4.43
DII	7.3	9.22	9.26	11.05	11.25	11.1	10.96	11.72	12.17	12.01
Public	36.5	34.5	34.36	31.38	31.21	30.99	31.35	30.24	28.74	28.56
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	7.9	7.9	7.9	7.9	7.9	7.9	7.9	7.9	7.9	7.9
FII	0.17	0.18	0.2	0.37	0.37	0.42	0.39	0.44	0.59	0.64
DII	1.05	1.32	1.33	1.59	1.62	1.59	1.57	1.68	1.75	1.72
Public	5.24	4.96	4.94	4.51	4.48	4.45	4.5	4.34	4.13	4.1
Others	0	0	0	0	0	0	0	0	0	0
Total	14.36	14.36	14.36	14.36	14.36	14.36	14.36	14.36	14.36	14.36

Pros

Debtor days have improved from 88.35 to 73.49days.
Company is almost debt free.

Cons

Company has a low return on equity of 12% over the last 3 years.
Stock is trading at 5.5 times its book value.
The company has delivered a poor profit growth of 7% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.