GNA Axles

₹397.3 -6.8 | 1.7%

WEBSITE BSE:540124 NSE : GNA 10 May, 16:01

Market Cap ₹1705 Cr.

Stock P/E 14.6

P/B 2.1

Current Price ₹397.3

Book Value ₹ 185.8

Face Value 10

52W High ₹777

Dividend Yield 1.51%

52W Low ₹ 365.5

Edit Ratio

GNA Axles Research see more...

Overview Inc. Year: 1993Industry: Auto Ancillary

G N A Axles Ltd is an India-based organisation, that is engaged inside the production of auto parts. The Company manufactures auto additives for the 4-wheeler enterprise in India. It manufactures rear axles, shafts, spindles and different cars additives for sale in domestic and foreign marketplace. The Company's merchandise discover programs in light and heavy commercial cars, and off-highway vehicles. The Company has a range of axle shafts ranging from 1.5 kilograms to 65 kilograms and capability to supply over 165 kilograms producing about two million axle shafts annually. Rear axle shafts are manufactured with flanges over 425 millimeters (mm). Hollow Spindles are used in heavy industrial automobiles and speciality vehicles in Europe and North America. The Company has its production location in the state of Punjab with its unit-I at Mehtiana and unit-II at village post office (VPO) Gulbargh, Jattan. It's subsidiary is GNA Axles, Inc.

GNA Axles Share Price

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Peer Comparison

GNA Axles Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	340	301	300	375	420	1583	384	374	404	357
Other Income	0	0	0	0	0	1	0	1	1	0
Total Income	340	301	300	376	420	1584	384	375	405	357
Total Expenditure	291	263	261	325	360	1350	324	315	349	310
Operating Profit	48	38	40	51	60	234	60	60	56	47
Interest	3	3	2	3	3	11	2	3	3	2
Depreciation	13	13	13	12	13	49	12	12	15	13
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	33	23	25	36	45	175	45	45	37	32
Provision for Tax	8	6	6	9	11	44	11	12	10	10
Profit After Tax	25	17	18	27	33	130	34	33	28	22
Adjustments	-0	0	0	0	0	0	0	0	-0	0
Profit After Adjustments	25	17	18	27	33	130	34	33	28	22
Adjusted Earnings Per Share	5.7	3.9	4.2	6.3	7.8	30.3	7.9	7.7	6.4	5.2

GNA Axles Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	509	513	670	935	909	890	1270	1583	1519
Other Income	0	3	3	0	1	2	1	1	2
Total Income	509	516	673	935	910	891	1271	1584	1521
Total Expenditure	426	433	567	790	785	746	1090	1350	1298
Operating Profit	83	83	106	145	126	145	182	234	223
Interest	16	13	7	8	14	9	11	11	10
Depreciation	27	24	25	35	42	41	50	49	52
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0
Profit Before Tax	39	47	74	103	70	96	121	175	159
Provision for Tax	13	17	23	37	17	25	32	44	43
Profit After Tax	26	30	51	66	53	71	89	130	117
Adjustments	0	0	0	0	0	0	0	0	0
Profit After Adjustments	26	30	51	66	53	71	89	130	117
Adjusted Earnings Per Share	8.5	6.9	11.8	15.3	12.3	16.5	20.7	30.3	27.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	25%	20%	19%	0%
Operating Profit CAGR	29%	23%	17%	0%
PAT CAGR	46%	35%	21%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	3%	30%	24%	NA%
ROE Average	20%	17%	16%	16%
ROCE Average	21%	18%	18%	18%

GNA Axles Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	138	297	341	402	447	518	595	715
Minority's Interest	0	0	0	0	0	0	0	0
Borrowings	42	26	25	74	105	76	47	30
Other Non-Current Liabilities	4	2	2	3	1	0	-1	-2
Total Current Liabilities	262	252	314	304	268	365	399	426
Total Liabilities	447	577	682	782	821	960	1041	1168
Fixed Assets	147	132	191	229	244	295	291	306
Other Non-Current Assets	18	49	28	50	81	21	36	43
Total Current Assets	281	396	463	504	495	644	714	820
Total Assets	447	577	682	782	821	960	1041	1168

GNA Axles Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	1	1	0	0	0	0	0	0
Cash Flow from Operating Activities	74	-90	60	72	119	33	41	105
Cash Flow from Investing Activities	-16	-8	-78	-88	-123	-28	-46	-66
Cash Flow from Financing Activities	-58	98	19	16	4	-5	4	-39
Net Cash Inflow / Outflow	-0	-0	0	-0	-0	0	-0	0
Closing Cash & Cash Equivalent	1	0	0	0	0	0	0	0

GNA Axles Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	8.55	6.89	11.85	15.34	12.28	16.45	20.68	30.33
CEPS(Rs)	17.51	12.46	17.62	23.43	22.15	25.94	32.25	41.63
DPS(Rs)	0	0	2	2.75	0	5	5	6
Book NAV/Share(Rs)	45.59	69.15	79.51	93.55	104.08	120.56	138.64	166.44
Core EBITDA Margin(%)	15.34	14.86	15.2	15.51	13.69	16.17	14.24	14.7
EBIT Margin(%)	10.35	10.97	11.97	11.84	9.18	11.76	10.37	11.72
Pre Tax Margin(%)	7.32	8.66	10.92	10.98	7.68	10.8	9.49	11.03
PAT Margin (%)	4.83	5.46	7.51	7.04	5.8	7.94	6.99	8.23
Cash Profit Margin (%)	9.89	9.89	11.17	10.76	10.46	12.52	10.9	11.29
ROA(%)	5.81	5.78	8.08	8.99	6.58	7.93	8.87	11.79
ROE(%)	18.75	13.59	15.94	17.72	12.43	14.65	15.95	19.88
ROCE(%)	20.07	17.19	18.06	20.99	13.77	15.44	17.21	21.39
Receivable days	110.24	116.1	112.52	106.97	122.21	150.62	131.04	119.35
Inventory Days	62.14	67.99	71.09	61.42	61.44	61.07	48.93	43.38
Payable days	208.92	209.28	174.17	132.81	130.88	149.3	108.47	84.72
PER(x)	0	15.84	18.32	10.72	5.7	10.34	11.78	12.99
Price/Book(x)	0	1.58	2.73	1.76	0.67	1.41	1.76	2.37
Dividend Yield(%)	0	0	0.46	0.84	0	1.47	1.03	0.76
EV/Net Sales(x)	0.3	1	1.56	0.94	0.52	1.02	0.99	1.18
EV/Core EBITDA(x)	1.85	6.16	9.9	6.02	3.76	6.25	6.96	7.98
Net Sales Growth(%)	0	0.96	30.53	39.49	-2.76	-2.14	42.82	24.59
EBIT Growth(%)	0	6.86	36.56	36.54	-24.67	25.4	25.99	40.82
PAT Growth(%)	0	14.06	71.98	29.47	-19.92	33.94	25.68	46.7
EPS Growth(%)	0	-19.42	71.98	29.47	-19.92	33.94	25.68	46.7
Debt/Equity(x)	1	0.4	0.42	0.42	0.43	0.38	0.37	0.28
Current Ratio(x)	1.07	1.57	1.47	1.66	1.85	1.76	1.79	1.93
Quick Ratio(x)	0.72	1.14	0.99	1.13	1.31	1.35	1.32	1.48
Interest Cover(x)	3.41	4.74	11.43	13.66	6.13	12.24	11.73	16.92
Total Debt/Mcap(x)	0	0.25	0.15	0.24	0.64	0.27	0.21	0.12

GNA Axles Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	67.52	67.88	67.94	67.96	68.08	68.08	68.14	68.15	68.15	68.16
FII	0.94	0.6	0.45	0.18	0.02	2.17	1.06	1.12	0.37	0.2
DII	8.34	8.77	9.79	10.63	11.2	11.91	11.32	10.83	10.95	11.01
Public	23.19	22.75	21.82	21.22	20.7	17.83	19.48	19.9	20.53	20.63
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	1.45	1.46	1.46	1.46	1.46	1.46	1.46	2.93	2.93	2.93
FII	0.02	0.01	0.01	0	0	0.05	0.02	0.05	0.02	0.01
DII	0.18	0.19	0.21	0.23	0.24	0.26	0.24	0.46	0.47	0.47
Public	0.5	0.49	0.47	0.46	0.44	0.38	0.42	0.85	0.88	0.89
Others	0	0	0	0	0	0	0	0	0	0
Total	2.15	2.15	2.15	2.15	2.15	2.15	2.15	4.29	4.29	4.29

Pros

Debtor days have improved from 108.47 to 84.72days.
Company has reduced debt.
Company is almost debt free.

Cons

* 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.