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GNA Axles Ltd - Stock Valuation and Financial Performance

BSE: 540124 | NSE: GNA | Auto Ancillary | Small Cap

GNA Axles Share Price

313.55 2.90 0.93%
as on 20-Jun'25 16:59

DeciZen - make an informed investing decision on GNA Axles

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Semi Strong

GNA Axles stock performance -

mw4me loader
P/E Ratio (SA):
12.57
Market Cap:
1,346.1 Cr.
52-wk low:
269.8
52-wk high:
494

Is GNA Axles Ltd an attractive stock to invest in?

1. Is GNA Axles Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that GNA Axles Ltd is a good quality company.

2. Is GNA Axles Ltd undervalued or overvalued?

The key valuation ratios of GNA Axles Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

3. Is GNA Axles Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of GNA Axles Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of GNA Axles:

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.
GNA Axles Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 19.5%17.2%18.1%21%13.8%15.4%17.2%21.4%15.1%14.4%-
Value Creation
Index
0.40.20.30.50.00.10.20.50.10.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5095136709359098901,2701,5831,5061,5401,540
Sales YoY Gr.-1%30.5%39.5%-2.8%-2.1%42.8%24.6%-4.8%2.2%-
Adj EPS 8.66.911.916.412.316.520.730.323.324.925
YoY Gr.--19.5%72%38.4%-25.1%33.9%25.7%46.7%-23.2%6.7%-
BVPS (₹) 45.669.279.593.6104.1120.6138.7166.5186.8209.7209.7
Adj Net
Profit
2629.650.970.452.770.688.8130100107107
Cash Flow from Ops. 74.5-90.359.772.211933.241.410598.492.1-
Debt/CF from Ops. 1.9-1.32.42.41.65.95.41.92.22.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13.1%11.1%6.6%2.2%
Adj EPS 12.6%15.1%6.3%6.7%
BVPS18.5%15%14.8%12.3%
Share Price - 27.5% 8.5% -21.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
20.713.6161912.414.61619.913.212.611.9
Op. Profit
Mgn %
16.215.715.416.213.716.214.214.713.113.713.7
Net Profit
Mgn %
5.15.87.67.55.87.978.26.66.97
Debt to
Equity
10.40.40.40.40.40.40.30.30.30.1
Working Cap
Days
192226225196207234200181200208109
Cash Conv.
Cycle
4860798510511810510712914161

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 11.90%

Sales growth has been subdued in last 3 years 6.62%

Net Profit has been subdued in last 3 years 6.34%

Sales growth is not so good in last 4 quarters at 2.38%

Latest Financials - GNA Axles Ltd.

Standalone Consolidated
TTM EPS (₹) 25 25
TTM Sales (₹ Cr.) 1,540 1,540
BVPS (₹.) 209.7 209.6
Reserves (₹ Cr.) 857 857
P/BV 1.50 1.50
PE 12.57 12.57
From the Market
52 Week Low / High (₹) 269.80 / 494.00
All Time Low / High (₹) 66.00 / 582.05
Market Cap (₹ Cr.) 1,346
Equity (₹ Cr.) 42.9
Face Value (₹) 10
Industry PE 45.1

Management X-Ray of GNA Axles:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *4.794.794.792.390.000.000.000.001.803.22
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

No data found!

Key Ratios of GNA Axles

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales5095136709359098901,2701,5831,5061,540
Operating Expenses 4264335677907857461,0901,3501,3091,329
Manufacturing Costs102110141176177145195247277267
Material Costs269267351510494481722920858881
Employee Cost 24272933344349556065
Other Costs 312946718077123128114116
Operating Profit 8280103145125144181233197211
Operating Profit Margin (%) 16.2%15.7%15.4%15.5%13.7%16.2%14.2%14.7%13.1%13.7%
Other Income 0330121123
Interest 16137814911111212
Depreciation 27242535424150495357
Exceptional Items 0000000000
Profit Before Tax 3947741037096121175135144
Tax 13172337172532443537
Profit After Tax 26305166537189130100107
PAT Margin (%) 5.1%5.8%7.6%7.0%5.8%7.9%7.0%8.2%6.6%7.0%
Adjusted EPS (₹)8.66.911.915.312.316.520.730.323.325.0
Dividend Payout Ratio (%)0%0%8%9%0%15%12%10%9%12%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 138297341402447518595715802900
Share Capital 15212121212121214343
Reserves 123275320380425496574693759857
Minority Interest0000000000
Debt11799124152163172207186189244
Long Term Debt4226257410576473029101
Short Term Debt757399795795160156160143
Trade Payables154152183188166228201225181184
Others Liabilities 37293440464337424334
Total Liabilities 4475776827828219601,0411,1681,2151,362

Fixed Assets

Gross Block301308392464521611656719811928
Accumulated Depreciation153177201235277316365413466522
Net Fixed Assets147132191229244295291306344406
CWIP 0301661001280
Investments 0000000000
Inventories91110154161145153188188198194
Trade Receivables162182235312296438474561571638
Cash Equivalents 17226021195273332
Others Assets45787664535583746192
Total Assets 4475776827828219601,0411,1681,2151,362

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 74-90607211933411059892
PBT 3947741037096121175135144
Adjustment 42323042554860576165
Changes in Working Capital 7-149-20-3714-86-106-80-62-80
Tax Paid -14-20-24-36-20-25-33-46-36-38
Cash Flow From Investing Activity -16-8-78-88-123-28-46-66-86-111
Capex -15-11-81-89-103-30-46-75-89-110
Net Investments 0000-2100000
Others -233011093-1
Cash Flow From Financing Activity -589819164-54-39-1326
Net Proceeds from Shares 013000000000
Net Proceeds from Borrowing -20-19-14845-35-40-15662
Interest Paid -15-11-6-6-13-8-10-10-10-11
Dividend Paid 000-5-70-11-11-13-9
Others -23-226-20-223865-44-17
Net Cash Flow 0000000007
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)20.6913.615.9417.7312.4314.6515.9519.8813.1912.59
ROCE (%)19.4617.1918.0720.9913.7715.4417.2121.3915.1414.36
Asset Turnover Ratio1.231.061.081.281.1311.271.431.261.19
PAT to CFO Conversion(x)2.85-31.181.092.250.460.460.810.980.86
Working Capital Days
Receivable Days97116113107122151131119137143
Inventory Days62687161616149434746
Payable Days185209174133131149108858676

GNA Axles Ltd Stock News

GNA Axles Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of GNA Axles on 20-Jun-2025 16:59 is ₹313.6.
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 20-Jun-2025 16:59 the market cap of GNA Axles stood at ₹1,346.1.
The latest P/E ratio of GNA Axles as of 20-Jun-2025 16:59 is 12.57.
The latest P/B ratio of GNA Axles as of 20-Jun-2025 16:59 is 1.50.
The 52-week high of GNA Axles is ₹494.0 and the 52-week low is ₹269.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GNA Axles is ₹1,540 ( Cr.) .

About GNA Axles Ltd

Established in 1993, the company is among the leading manufacturers of rear axle shafts used in on-highway and off-highway vehicular segments in India. Since its first supplies in 1995 and its first exports in 2002-2003, the company has grown to production levels of more than 2.26 million components in Fiscal 2016. It manufactures and supplies a diverse range of rear axle shafts, other shafts and spindles for the on-highway segment, i.e. for light commercial vehicles (LCVs), medium commercial vehicles (MCVs) and heavy commercial vehicles (HCVs) and other transport vehicles such as buses. It also manufactures and supplies a diverse range of rear axle shafts and other shafts for the off-highway segment, i.e. for agricultural tractors and machinery, forestry and construction equipments, electric carts and other specialty vehicles used in mining and defense sectors. It also manufactures solid and hollow spindles used in the axle assembly for various vehicles and equipments in the on-highway segment which it supplies to its export customers.

The company has a broad customer base for both the on-highway and off-highway segments and its customers are based in India and overseas. Its customers primarily include original equipment manufacturers (OEMs) such as Mahindra & Mahindra, John Deere, Tractors and Farm Equipment (TAFE), and tier-1 suppliers to OEMs such as Automotive Axles, Meritor HVS AB and Dana.

The company has two manufacturing facilities: Unit I located in village Mehtiana, district Hoshiarpur, Punjab and Unit II located at village Gulabgarh Jattan, district Kapurthala, Punjab. Both of its manufacturing facilities are ISO/TS 16949:2009 certified for manufacture of rear axle shafts, other shafts and spindles for automotive applications. The company’s manufacturing facilities include machinery imported from various countries including Italy, Germany, Japan, China and Taiwan, used for various processes such as materials testing, forging, heat treatment, machining, induction hardening and packaging. Some of its significant machineries include 13” upsetter, direct drive screw press supported by robots, Lasco extrusion press supported by robots and electric heat treatment furnace, and direct drive screw press supported by robots for heavy axle shafts forgings.

Business area of the company

The company is Punjab based manufacturers of rear axle shafts, other shafts and spindles used in on-highway and off-highway vehicular segments in India. The company is mainly engaged in manufactures and sells auto components for the four-wheeler industry. GNA Axles made over 2.26 million components in 2016.

Key Milestones

  • 1994: Company obtained certificate for commencement of business.
  • 1995: Company started supply of fully finished and ready to assemble mechanised axle shafts to OEMs, such as Mahindra & Mahindra.
  • 2002 - 2003: Started exports to USA and Europe.
  • 2004: Installed 13” Upsetter with new heat treatment shop.
  • 2007: Commissioned 66 kVA dedicated electricity supply line for Unit I.
  • 2008: Invested in forging technology for rear axle shafts with direct drive screw press supported by robots.
  • 2012: Commissioned Unit II with facility for commercial vehicle axle shafts and spindles machining.
  • 2013: Commissioned Lasco extrusion press supported by robots and electric heat treatment furnace at Unit II Commissioned direct drive screw press for heavy axle shaft forgings supported by robots at Unit I.
  • 2015: Commissioned 66 kVA dedicated electricity supply line for Unit II.
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