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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

₹138.80 1.75 (1.28%)

As on 10-Jun'26 16:59

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

₹138.80 1.75 (1.28%)

As on 10-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹137 Cr.
Current Price
₹138.8
52-Week Low / High
₹125 / 323
TTM EPS
₹11.1
TTM Sales
₹116 Cr.
Book Value per Share
₹58.1
P/E Ratio
12.31
Lower than its 5-year historical median
Industry PE
43
Price to Book (P/B)
2.36
Lower than its 5-year historical median
Price to Sales (P/S)
1.18
Higher than its 5-year historical median
EV/EBITDA
7.36
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
21.15%
Outperforms industry median
Return on Capital Employed (ROCE)
20.44%
Outperforms industry median
Return on Assets (ROA)
8.65%
Operating Profit Margin
15.1%
Net Profit Margin
6.78%
Gross Profit Margin
11.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
19.98%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
43.57%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
74.94%
Asset Quality
Promoter Holding
39.60%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹48 Cr.
Equity
₹10 Cr.
Face Value
₹10
All Time Low / High
₹2.40 / 323.00

GG Automotive Gears stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 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?
Q.1 Revenue growth of GG Automotive Gears Ltd vs industry peers?
GG Automotive Gears Ltd revenue CAGR is 15.30%, compared to the industry median CAGR of 11.89%, indicating faster growth and gaining its market share.
Q.1 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.
Q.1 Stock return of GG Automotive Gears Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 45.49% based on the current price.

10 Year X-Ray : Login to view analysis.

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 4.6%7.2%14.6%14.7%11.9%-1.8%5.6%8.2%14.9%20.4%-
Value Creation
Index
-0.7-0.50.00.1-0.2-1.1-0.6-0.40.10.5-

Growth Parameters

Sales 21.628.142.354.756.130.147.577.395.3114116
Sales YoY Gr.-30.4%50.6%29.3%2.5%-46.4%58.1%62.7%23.3%20%-
Adj EPS 0.513.54.42.1-3.10.52.85.58.111.1
YoY Gr.-117%246.1%23.8%-51%-244.9%NA420.4%97.2%46.6%-
BVPS (₹) 17.818.821.626.228.325.225.828.235.146.358.1
Adj Net
Profit
0.40.82.83.51.7-2.50.42.24.67.711
Cash Flow from Ops. 2.85.35.81.411.22.74.7511.914.1-
Debt/CF from Ops. 2.32521.42.29.76.76.82.31.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 20.4%15.3%34%20%
Adj EPS 37.2%30.6%146.8%46.6%
BVPS11.2%10.3%21.6%32%
Share Price - - 39.1% -22.3%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2.75.617.518.37.9-11.62.110.417.119.621.3
Op. Profit
Mgn %
10.211.219.116.915.26.412.210.413.115.118.1
Net Profit
Mgn %
1.72.96.66.33-8.20.92.94.86.79.6
Debt to
Equity
0.50.71.71.41.11.31.61.50.90.60.3
Working Cap
Days
19115915217420030117212812111488
Cash Conv.
Cycle
10483504546706053534841

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales222842555630487795114
Operating Expenses + 20253445482842708397
Manufacturing Costs3568968121417
Material Costs10131928291524444861
Employee Cost 345665681012
Other Costs 33444346127
Operating Profit 238992681217
Operating Profit Margin (%) 9.3%11.2%18.5%16.9%15.2%6.4%12.2%9.9%12.6%15.1%
Other Income + 0001000000
Exceptional Items 0000000000
Interest 0122322323
Depreciation 1233333444
Profit Before Tax 11453-302611
Tax 00111-00-023
Profit After Tax 01342-20248
PAT Margin (%) 1.2%2.9%6.2%6.6%3.1%-8.2%0.9%2.5%4.7%6.8%
Adjusted EPS (₹)0.31.03.34.52.2-3.10.52.55.38.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of GG Automotive Gears - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 14151721222020222944
Share Capital 88888888810
Reserves 67913151212142135
Debt +6102425212329312424
Long Term Debt32151371212171316
Short Term Debt3891214111714118
Minority Interest0000000000
Trade Payables447101448101415
Others Liabilities 4599107781415
Total Liabilities 28345865675465728298

Fixed Assets

Net Fixed Assets +15183230313231373853
Gross Block33375253565759687392
Accumulated Depreciation17192023252528313539
CWIP 0000001010
Investments 0000000000
Inventories35559511151315
Trade Receivables8611171389162325
Cash Equivalents 1121203121
Others Assets 038121299444
Total Assets 28345865675465728298

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 3561113551214
PBT 11353-302611
Adjustment 2245655667
Changes in Working Capital 12-1-730-1-31-2
Tax Paid -0-0-1-1-10-0-0-1-2
Cash Flow From Investing Activity + -3-4-16-2-2-4-8-5-7-17
Capex -4-4-16-1-2-5-3-8-7-18
Net Investments 000-100-33-11
Others 0000-01-111-0
Cash Flow From Financing Activity + -0-111-2-7-13-1-43
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0-1-2-2-3-2-2-3-2-3
Dividend Paid 0000000000
Others 0-0130-4152-25
Net Cash Flow -101-22-2-001-1

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)1.775.5416.4519.028.03-11.592.069.0817.1821.15
ROCE (%)4.577.2114.6114.711.85-1.845.598.1814.8720.44
Asset Turnover Ratio0.840.9610.990.940.560.921.331.461.49
PAT to CFO Conversion(x)N/A520.255.5N/AN/A2.531.75
Working Capital Days
Receivable Days132.4088.4066.3083.6089.90111.1055.6050.2063.3064.80
Inventory Days49.3049.4041.4030.2040.1075.9054.5051.7044.8038
Payable Days144.30101.70102.70114.40148.80212.8091.5077.1093.4087.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

GG Automotive Gears Ltd FAQs

The current trading price of GG Automotive Gears on 10-Jun-2026 16:59 is ₹138.8.

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 09-Jun-2026 the market cap of GG Automotive Gears stood at ₹136.9 Cr

The latest P/E ratio of GG Automotive Gears as of 09-Jun-2026 is 12.31.

The latest P/B ratio of GG Automotive Gears as of 09-Jun-2026 is 2.36.

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 ₹116 ( 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.
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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