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GG Automotive Gears Ltd. Stock Analysis

Small Cap
Evaluated by 13 users | BSE: 531399 | NSE: |
Engineering - Industrial Equipments
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 4.85%11.71%11.85%5.04%4.07%3.27%5.95%10.93%10.65%7.51%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1830.230.125.722.221.628.142.354.756.1
Y-o-Y Gr. Rt.-67.9%-0.5%-14.5%-13.9%-2.7%30.4%50.6%29.3%2.5%
Adjusted EPS (Rs.) 0.572.632.650.940.580.471.023.534.372.14
Y-o-Y Gr. Rt.-361.4%0.8%-64.5%-38.3%-19%117%246.1%23.8%-51%
Book Value per Share (Rs.) 11.2613.7116.1116.8817.4717.7818.7921.6126.1528.34
Adjusted Net Profit 0.52.12.10.70.50.40.82.83.51.7
Net Op. Cash Flow (Rs. Cr.) 0.37.44.73.60.92.85.35.81.412
Debt to Cash Flow from Ops 35.792.062.562.847.152.32.024.9721.382.09
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
GG Automotive Gears Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 13.5%20.4%25.9%2.5%
Adjusted EPS 15.8%29.8%28%-51%
Book Value per Share 10.810.214.78.4
Share Price - - - -
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 5.0920.9917.745.683.392.695.5817.4818.37.86
Operating Profit Margin (%) 18.4819.6119.6313.8510.3310.1811.2119.0916.915.19
Net Profit Margin (%) 2.56.886.962.882.081.742.876.66.323.02
Debt to Equity 1.361.40.940.760.450.450.731.691.411.12
Working Capital Days 245164185203204191159152174200
Cash Conversion Cycle 57849910710810483504546
Entity Percentage Holding
Promoters 30.71%
Non-Institutions 69.29%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
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Data is not available for this company.

Data is not available for this company

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
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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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