G G Automotive Gears Ltd

G G Automotive Gears Ltd

₹ 181 1.37%
11 Jun 2:06 p.m.
About

Incorporated in 1974, G.G. Automotive Gears
Ltd is in the business of design, manufacture, supply, and servicing of Gears and Pinions &
Gear boxes[1]

Key Points

Business Overview:[1][2]
GGAGL manufactures locomotive traction gears and pinions. It operates in a tender-based industry and manufactures all kinds of gears and pinions for electric, and diesel locomotives and EMU and DMUs (Electric Multiple Units and Diesel Multiple Units)

  • Market Cap 181 Cr.
  • Current Price 181
  • High / Low 245 / 130
  • Stock P/E 23.3
  • Book Value 49.4
  • Dividend Yield 0.00 %
  • ROCE 20.4 %
  • ROE 19.7 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 35.4% CAGR over last 5 years

Cons

  • Stock is trading at 3.56 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 36.5%

* 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
15.31 16.93 18.45 19.40 22.50 21.94 24.19 19.78 29.37 25.32 26.02 29.22 33.76
13.72 15.13 16.48 17.33 20.68 19.74 21.03 17.30 25.14 22.04 22.46 24.81 27.72
Operating Profit 1.59 1.80 1.97 2.07 1.82 2.20 3.16 2.48 4.23 3.28 3.56 4.41 6.04
OPM % 10.39% 10.63% 10.68% 10.67% 8.09% 10.03% 13.06% 12.54% 14.40% 12.95% 13.68% 15.09% 17.89%
0.14 0.07 0.03 0.04 0.24 0.17 0.03 0.07 0.16 0.07 0.42 0.10 -0.14
Interest 0.62 0.63 0.59 0.64 0.77 0.50 0.45 0.61 0.67 0.76 0.51 0.62 0.71
Depreciation 0.90 0.83 0.87 0.86 1.04 0.90 1.19 0.77 1.05 1.05 1.08 1.11 1.12
Profit before tax 0.21 0.41 0.54 0.61 0.25 0.97 1.55 1.17 2.67 1.54 2.39 2.78 4.07
Tax % -14.29% 24.39% 9.26% 8.20% -132.00% 15.46% 12.90% 12.82% 53.56% 19.48% 27.20% 6.12% 46.93%
0.25 0.31 0.49 0.57 0.57 0.82 1.35 1.02 1.24 1.24 1.74 2.61 2.16
EPS in Rs 0.32 0.39 0.62 0.72 0.72 1.04 1.71 1.22 1.49 1.49 1.83 2.75 2.27
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
25 22 21 28 42 54 56 30 48 77 92 114
22 20 19 25 34 45 47 28 42 69 80 97
Operating Profit 3 2 2 3 8 9 9 2 6 8 12 17
OPM % 13% 10% 9% 11% 19% 17% 15% 6% 12% 10% 13% 15%
0 0 0 0 0 1 0 0 0 0 0 0
Interest 1 1 0 1 2 2 3 2 2 3 2 3
Depreciation 2 1 1 2 3 3 3 3 3 4 4 4
Profit before tax 1 1 1 1 4 5 3 -3 0 2 6 11
Tax % 34% 32% 52% 7% 27% 23% 42% -16% 2% -7% 30% 28%
1 0 0 1 3 4 2 -2 0 2 4 8
EPS in Rs 0.77 0.59 0.32 1.01 3.32 4.55 2.19 -3.11 0.53 2.45 5.32 8.16
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 18%
5 Years: 15%
3 Years: 34%
TTM: 24%
Compounded Profit Growth
10 Years: 32%
5 Years: 35%
3 Years: 164%
TTM: 79%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 102%
1 Year: 26%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 16%
Last Year: 20%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 8 8 8 8 8 8 8 8 8 8 8 10
Reserves 5 6 6 7 9 13 15 12 12 14 23 37
10 6 6 10 29 29 26 27 32 34 27 25
7 8 8 8 11 14 18 7 12 15 22 24
Total Liabilities 31 28 28 34 57 64 66 54 65 71 81 96
14 13 15 18 32 30 31 32 31 37 38 53
CWIP 0 0 0 0 0 0 0 0 1 0 1 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0
17 15 13 15 25 34 36 22 33 35 41 43
Total Assets 31 28 28 34 57 64 66 54 65 71 81 96

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4 1 3 5 6 1 11 3 5 5 12 14
-0 -1 -3 -4 -16 -2 -2 -4 -8 -4 -7 -17
-2 -2 -0 -1 11 -2 -7 -1 3 -0 -4 3
Net Cash Flow 2 -2 -1 0 1 -2 2 -2 -0 0 1 -1

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 140 148 141 81 91 115 86 92 71 75 91 79
Inventory Days 89 114 106 139 101 61 113 129 169 121 98 90
Days Payable 123 143 138 97 139 132 172 93 126 85 109 89
Cash Conversion Cycle 107 120 109 123 54 45 27 128 114 111 80 79
Working Capital Days 116 111 90 104 83 104 85 199 140 96 79 68
ROCE % 7% 6% 5% 7% 15% 15% 12% -2% 6% 8% 15% 20%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Apr 2025
30.72% 31.55% 32.18% 32.67% 32.80% 36.14% 36.14% 36.14% 36.49% 36.49% 36.49% 39.60%
69.30% 68.45% 67.84% 67.33% 67.21% 63.86% 63.85% 63.85% 63.52% 63.51% 63.51% 60.39%
No. of Shareholders 4,7544,7024,7094,7725,0245,3206,1366,2406,3856,5336,8716,871

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