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GG Automotive Gears Ltd (531399)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531399 NSE: Auto Ancillary | Small Cap | GG Automotive Gears Share Price
₹162.50 -1.00 (-0.61%)
As on 07-Sep'26 10:25
GG Automotive Gears Ltd (531399)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 531399 NSE: Auto Ancillary | Small Cap | GG Automotive Gears Share Price
₹162.50 -1.00 (-0.61%)
As on 07-Sep'26 10:25
Key Metrics
Valuation Multiples
Market Cap
₹163 Cr.
Current Price
₹162.5
52-Week Low / High
₹125 / 323
TTM EPS
₹9.6
TTM Sales
₹104 Cr.
Book Value per Share
₹59.2
P/E Ratio
17.04
Lower than its 5-year historical median
Industry PE
48.6
Price to Book (P/B)
2.76
In line with its 5-year historical median
Price to Sales (P/S)
1.57
Higher than its 5-year historical median
EV/EBITDA
9.47
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
21.79%
Outperforms industry median
Return on Capital Employed (ROCE)
20.43%
Outperforms industry median
Return on Assets (ROA)
10.58%
Operating Profit Margin
18.1%
Net Profit Margin
9.56%
Gross Profit Margin
14%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
1.79%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
21.56%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
43.48%
Asset Quality
Promoter Holding
39.60%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹49 Cr.
Equity
₹10 Cr.
Face Value
₹10
All Time Low / High
₹2.40 / 323.00
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Weak
Is GG Automotive Gears Ltd a good quality company?
GG Automotive Gears Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does GG Automotive Gears Ltd performance compare with that of its Peers?
Revenue growth of GG Automotive Gears Ltd vs industry peers?
GG Automotive Gears Ltd revenue CAGR is 31.09%, compared to the industry median CAGR of 13.84%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of GG Automotive Gears Ltd?
Promoters hold 39.60% of the GG Automotive Gears Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of GG Automotive Gears Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 35.6% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
GG Automotive Gears Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 7.2% | 14.6% | 14.7% | 11.9% | -1.8% | 5.6% | 8.2% | 14.9% | 20.4% | 20.4% | - |
| Value Creation Index ⓘ | -0.5 | 0.0 | 0.1 | -0.2 | -1.1 | -0.6 | -0.4 | 0.1 | 0.5 | 0.5 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 28.1 | 42.3 | 54.7 | 56.1 | 30.1 | 47.5 | 77.3 | 95.3 | 114 | 116 | 104 |
| Sales YoY Gr. | - | 50.6% | 29.3% | 2.5% | -46.4% | 58.1% | 62.7% | 23.3% | 20% | 1.8% | - |
| Adj EPS ⓘ | 1 | 3.5 | 4.4 | 2.1 | -3.1 | 0.5 | 2.8 | 5.5 | 8.1 | 11.1 | 9.6 |
| YoY Gr. | - | 246.1% | 23.8% | -51% | -244.9% | NA | 420.4% | 97.2% | 46.6% | 37.1% | - |
| BVPS (₹) ⓘ | 18.8 | 21.6 | 26.2 | 28.3 | 25.2 | 25.8 | 28.2 | 35.1 | 46.3 | 58.1 | 59.2 |
| Adj Net Profit ⓘ | 0.8 | 2.8 | 3.5 | 1.7 | -2.5 | 0.4 | 2.2 | 4.6 | 7.7 | 11.1 | 10 |
| Cash Flow from Ops. ⓘ | 5.3 | 5.8 | 1.4 | 11.2 | 2.7 | 4.7 | 5 | 11.9 | 14.1 | 11.5 | - |
| Debt/CF from Ops. ⓘ | 2 | 5 | 21.4 | 2.2 | 9.7 | 6.7 | 6.8 | 2.3 | 1.8 | 2.5 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 17.1% | 31.1% | 14.6% | 1.8% | ||||
| Adj EPS ⓘ | 30.4% | NA | 58.2% | 37.1% | ||||
| BVPSⓘ | 13.4% | 18.2% | 27.3% | 25.5% | ||||
| Share Price | - | - | 35% | -40.6% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 5.6 | 17.5 | 18.3 | 7.9 | -11.6 | 2.1 | 10.4 | 17.1 | 19.6 | 21.2 | 16.4 |
| Op. Profit Mgn % ⓘ | 11.2 | 19.1 | 16.9 | 15.2 | 6.4 | 12.2 | 10.4 | 13.1 | 15.1 | 18.1 | 18.1 |
| Net Profit Mgn % ⓘ | 2.9 | 6.6 | 6.3 | 3 | -8.2 | 0.9 | 2.9 | 4.8 | 6.7 | 9.6 | 9.2 |
| Debt to Equity ⓘ | 0.7 | 1.7 | 1.4 | 1.1 | 1.3 | 1.6 | 1.5 | 0.9 | 0.6 | 0.5 | - |
| Working Cap Days ⓘ | 159 | 152 | 174 | 200 | 301 | 172 | 128 | 121 | 114 | 136 | 88 |
| Cash Conv. Cycle ⓘ | 83 | 50 | 45 | 46 | 70 | 60 | 53 | 53 | 48 | 46 | 41 |
Valuation of GG Automotive Gears - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 28 | 42 | 55 | 56 | 30 | 48 | 77 | 95 | 114 | 116 |
| Operating Expenses ⓘ + | 25 | 34 | 45 | 48 | 28 | 42 | 70 | 83 | 97 | 95 |
| Operating Profit ⓘ | 3 | 8 | 9 | 9 | 2 | 6 | 8 | 12 | 17 | 21 |
| Operating Profit Margin (%) | 11.2% | 18.5% | 16.9% | 15.2% | 6.4% | 12.2% | 9.9% | 12.6% | 15.1% | 18.1% |
| Other Income ⓘ + | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest ⓘ | 1 | 2 | 2 | 3 | 2 | 2 | 3 | 2 | 3 | 2 |
| Depreciation ⓘ | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 5 |
| Profit Before Tax ⓘ | 1 | 4 | 5 | 3 | -3 | 0 | 2 | 6 | 11 | 14 |
| Tax ⓘ | 0 | 1 | 1 | 1 | -0 | 0 | -0 | 2 | 3 | 3 |
| Profit After Tax | 1 | 3 | 4 | 2 | -2 | 0 | 2 | 4 | 8 | 11 |
| PAT Margin (%) | 2.9% | 6.2% | 6.6% | 3.1% | -8.2% | 0.9% | 2.5% | 4.7% | 6.8% | 9.6% |
| Adjusted EPS (₹) | 1.0 | 3.3 | 4.5 | 2.2 | -3.1 | 0.5 | 2.5 | 5.3 | 8.2 | 11.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 15 | 17 | 21 | 22 | 20 | 20 | 22 | 29 | 44 | 58 | |
| Debt + | 10 | 24 | 25 | 21 | 23 | 29 | 31 | 24 | 24 | 26 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 4 | 7 | 10 | 14 | 4 | 8 | 10 | 14 | 15 | 14 | |
| Others Liabilities ⓘ | 5 | 9 | 9 | 10 | 7 | 7 | 8 | 14 | 15 | 14 | |
| Total Liabilities ⓘ | 34 | 58 | 65 | 67 | 54 | 65 | 72 | 82 | 98 | 113 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 18 | 32 | 30 | 31 | 32 | 31 | 37 | 38 | 53 | 45 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Inventories | 5 | 5 | 5 | 9 | 5 | 11 | 15 | 13 | 15 | 19 | |
| Trade Receivables | 6 | 11 | 17 | 13 | 8 | 9 | 16 | 23 | 25 | 19 | |
| Cash Equivalents | 1 | 2 | 1 | 2 | 0 | 3 | 1 | 2 | 1 | 9 | |
| Others Assets ⓘ | 3 | 8 | 12 | 12 | 9 | 9 | 4 | 4 | 4 | 21 | |
| Total Assets ⓘ | 34 | 58 | 65 | 67 | 54 | 65 | 72 | 82 | 98 | 113 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 5 | 6 | 1 | 11 | 3 | 5 | 5 | 12 | 14 | 11 |
| Cash Flow From Investing Activity ⓘ + | -4 | -16 | -2 | -2 | -4 | -8 | -5 | -7 | -17 | -5 |
| Cash Flow From Financing Activity ⓘ + | -1 | 11 | -2 | -7 | -1 | 3 | -1 | -4 | 3 | 2 |
| Net Cash Flow ⓘ | 0 | 1 | -2 | 2 | -2 | -0 | 0 | 1 | -1 | 8 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 5.54 | 16.45 | 19.02 | 8.03 | -11.59 | 2.06 | 9.08 | 17.18 | 21.15 | 21.79 |
| ROCE (%) | 7.21 | 14.61 | 14.7 | 11.85 | -1.84 | 5.59 | 8.18 | 14.87 | 20.44 | 20.43 |
| Asset Turnover Ratio | 0.96 | 1 | 0.99 | 0.94 | 0.56 | 0.92 | 1.33 | 1.46 | 1.49 | 1.3 |
| PAT to CFO Conversion(x) | 5 | 2 | 0.25 | 5.5 | N/A | N/A | 2.5 | 3 | 1.75 | 1 |
| Working Capital Days | ||||||||||
| Receivable Days | 88.40 | 66.30 | 83.60 | 89.90 | 111.10 | 55.60 | 50.20 | 63.30 | 64.80 | 57.70 |
| Inventory Days | 49.40 | 41.40 | 30.20 | 40.10 | 75.90 | 54.50 | 51.70 | 44.80 | 38 | 45.50 |
| Payable Days | 101.70 | 102.70 | 114.40 | 148.80 | 212.80 | 91.50 | 77.10 | 93.40 | 87.50 | 101.90 |
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GG Automotive Gears Ltd FAQs
The current trading price of GG Automotive Gears on 07-Sep-2026 10:25 is ₹162.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Sep-2026 the market cap of GG Automotive Gears stood at ₹163.3 Cr
The latest P/E ratio of GG Automotive Gears as of 06-Sep-2026 is 17.04.
The latest P/B ratio of GG Automotive Gears as of 06-Sep-2026 is 2.76.
The 52-week high of GG Automotive Gears is ₹323.0 and the 52-week low is ₹125.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GG Automotive Gears is ₹104 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that GG Automotive Gears Ltd is a average quality company.
The key valuation ratios of GG Automotive Gears Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of GG Automotive Gears Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About GG Automotive Gears Ltd
GG Automotive Gears (GGAG) was established in February 1974 for manufacturing gearbox housings for automobile load carriers. In 1979, a need arose in Indian Railways to indigenise gears and pinions of electric locomotives.
GGAG proposed to meet the requirement and started heading towards the development of gears and pinions for Indian Railways.
The company succeeded in introducing its first product to Western the Railway and then to Central Railway in September 1981, the Eastern Railway in the year 1982, Southern Railway in 1983 and other zonal railways also joined to form an unending association thereafter.
In September 1995, India’s diesel-electric locomotive manufacturer Chittaranjan Locomotive Works (CLW) recognised and certified GGAG as a quality loco gear manufacturer and honoured it with its valued order.
Today GGAG is the only major supplier catering to 90% requirement for all kinds of gears and pinions. In due course, the company evolved itself as the most reliable manufacturer of gears and pinions for diesel locomotives for all zonal railways and OEM diesel locomotive works.
The company has managed to achieve the coveted DIN EN ISO 9002:1994 certification.
G G Automotive Gears caters to clients including Chittaranjan Locomotive Works, Chittaranjan, Diesel Locomotive Works, Bharat Heavy Electrical, Quebec Gear Work, Alstom Australia, Uranium Corporation of India, Jawaharlal Nehru Port Trust, Larsen & Turbo, Ruchi Soya Industries, Mumbai Vippy Solvex, George Oakes, Ceat and many more.
GGAG proposed to meet the requirement and started heading towards the development of gears and pinions for Indian Railways.
The company succeeded in introducing its first product to Western the Railway and then to Central Railway in September 1981, the Eastern Railway in the year 1982, Southern Railway in 1983 and other zonal railways also joined to form an unending association thereafter.
In September 1995, India’s diesel-electric locomotive manufacturer Chittaranjan Locomotive Works (CLW) recognised and certified GGAG as a quality loco gear manufacturer and honoured it with its valued order.
Today GGAG is the only major supplier catering to 90% requirement for all kinds of gears and pinions. In due course, the company evolved itself as the most reliable manufacturer of gears and pinions for diesel locomotives for all zonal railways and OEM diesel locomotive works.
The company has managed to achieve the coveted DIN EN ISO 9002:1994 certification.
G G Automotive Gears caters to clients including Chittaranjan Locomotive Works, Chittaranjan, Diesel Locomotive Works, Bharat Heavy Electrical, Quebec Gear Work, Alstom Australia, Uranium Corporation of India, Jawaharlal Nehru Port Trust, Larsen & Turbo, Ruchi Soya Industries, Mumbai Vippy Solvex, George Oakes, Ceat and many more.
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