G G Automotive Gears Ltd

G G Automotive Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

G G Automotive Gears Ltd

₹ 99.0 -1.88%
23 Apr 4:01 p.m.
ggautomotive.com BSE: 531399
About

Established in 1974, G.G. Automotive Gears Ltd is engaged in manufacturing of traction gears and pinions for electric and diesel locomotives.

Key Points

Product Portfolio: **
A) By Application:[1]
a) Railway Gears & Shafts: Axle Gear for ABB LOCO, Axle Gear for EMD LOCO, Engine Gears for EMD & GE LOCO and Pinions & Pinion shafts for EMD & GE
b) Forged Components & Machined Blanks: Available in 10-100 kg of Forged and Machined Blank
c) Industrial Gears & Gearboxes: Loose gears and complete assemblies
d) Mining & Earth-moving Equipment Spares: Spur, Helical, Straight Bevel, Spiral Bevel, Drive Shafts With Spline, Compound Gears, etc.
B) By Type:**[2]
Spur, Helical, Double Helical/Herringbone, Internal Rings, Mining Gears, Bevel/Spiral Bevel, Reduction Gear Boxes, Forged Component /Blank, Worm Gears

Website BSE
  • Market Cap ₹ 82.5 Cr.
  • Current Price ₹ 99.0
  • High / Low ₹ 146 / 33.5
  • Stock P/E 21.9
  • Book Value ₹ 29.4
  • Dividend Yield 0.00 %
  • ROCE 8.15 %
  • ROE 9.08 %
  • Face Value ₹ 10.0
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Pros

  • Company's working capital requirements have reduced from 145 days to 96.4 days

Cons

  • Stock is trading at 3.37 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 36.1%
  • Company has a low return on equity of -0.16% over last 3 years.

* 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.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Figures in Rs. Crores

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
5.21 5.73 9.82 9.22 13.15 15.31 16.93 18.45 19.40 22.50 21.94 24.19 19.78
6.29 5.61 8.27 7.83 11.89 13.72 15.13 16.48 17.33 20.68 19.74 21.03 17.30
Operating Profit -1.08 0.12 1.55 1.39 1.26 1.59 1.80 1.97 2.07 1.82 2.20 3.16 2.48
OPM % -20.73% 2.09% 15.78% 15.08% 9.58% 10.39% 10.63% 10.68% 10.67% 8.09% 10.03% 13.06% 12.54%
0.03 0.24 0.02 0.02 0.03 0.14 0.07 0.03 0.04 0.24 0.17 0.03 0.07
Interest 0.47 0.61 0.54 0.54 0.64 0.62 0.63 0.59 0.64 0.77 0.50 0.45 0.61
Depreciation 0.74 0.88 0.77 0.76 0.80 0.90 0.83 0.87 0.86 1.04 0.90 1.19 0.77
Profit before tax -2.26 -1.13 0.26 0.11 -0.15 0.21 0.41 0.54 0.61 0.25 0.97 1.55 1.17
Tax % 0.00% 40.71% 0.00% 72.73% 26.67% -14.29% 24.39% 9.26% 8.20% -132.00% 15.46% 12.90% 12.82%
-2.26 -0.67 0.26 0.03 -0.12 0.25 0.31 0.49 0.57 0.57 0.82 1.35 1.02
EPS in Rs -2.85 -0.85 0.33 0.04 -0.15 0.32 0.39 0.62 0.72 0.72 1.04 1.71 1.22
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
30.04 29.46 25.39 22.01 21.32 27.91 42.26 54.11 55.75 30.03 47.50 76.86 88.41
24.38 23.74 22.01 19.72 19.30 24.76 34.33 44.86 47.23 28.10 41.71 69.20 78.75
Operating Profit 5.66 5.72 3.38 2.29 2.02 3.15 7.93 9.25 8.52 1.93 5.79 7.66 9.66
OPM % 18.84% 19.42% 13.31% 10.40% 9.47% 11.29% 18.76% 17.09% 15.28% 6.43% 12.19% 9.97% 10.93%
0.07 0.03 0.24 0.26 0.24 0.15 0.10 0.68 0.38 0.29 0.20 0.37 0.51
Interest 0.98 1.31 0.68 0.61 0.41 0.81 1.61 2.36 2.80 2.05 2.34 2.63 2.33
Depreciation 1.72 1.97 2.01 1.26 1.33 1.63 2.78 2.88 3.13 3.08 3.23 3.59 3.90
Profit before tax 3.03 2.47 0.93 0.68 0.52 0.86 3.64 4.69 2.97 -2.91 0.42 1.81 3.94
Tax % 37.62% 23.08% 34.41% 32.35% 51.92% 6.98% 27.47% 23.45% 41.75% 15.81% 2.38% -7.18%
1.89 1.90 0.61 0.47 0.25 0.80 2.63 3.60 1.73 -2.46 0.42 1.94 3.76
EPS in Rs 2.39 2.40 0.77 0.59 0.32 1.01 3.32 4.55 2.19 -3.11 0.53 2.45 4.69
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 10%
5 Years: 13%
3 Years: 11%
TTM: 26%
Compounded Profit Growth
10 Years: 0%
5 Years: -6%
3 Years: 5%
TTM: 132%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 149%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 0%
Last Year: 9%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7.92 7.92 7.92 7.92 7.92 7.92 7.92 7.92 7.92 7.92 7.92 7.92 7.92
Reserves 2.94 4.83 5.45 5.91 6.16 6.96 9.19 12.79 14.52 12.06 12.48 14.42 16.59
12.99 11.94 10.16 6.16 6.35 10.35 28.97 29.25 25.86 26.83 32.03 34.15 31.91
11.48 9.78 7.41 7.87 7.72 8.34 11.03 14.00 17.93 7.49 12.48 14.90 17.48
Total Liabilities 35.33 34.47 30.94 27.86 28.15 33.57 57.11 63.96 66.23 54.30 64.91 71.39 73.90
15.95 14.89 13.51 13.11 15.36 18.19 31.76 30.38 30.55 31.77 30.90 36.53 35.46
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.09 0.10 0.85 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
19.38 19.58 17.43 14.75 12.79 15.38 25.35 33.58 35.59 22.43 33.16 34.86 38.44
Total Assets 35.33 34.47 30.94 27.86 28.15 33.57 57.11 63.96 66.23 54.30 64.91 71.39 73.90

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
7.40 4.66 3.58 0.86 2.77 5.34 5.82 1.37 11.21 2.73 4.73 5.01
-5.27 -0.80 -0.44 -0.89 -3.26 -4.04 -16.39 -1.57 -2.45 -3.58 -7.70 -4.50
-0.34 -4.93 -1.62 -1.61 -0.21 -1.10 11.13 -2.08 -7.15 -0.75 2.86 -0.50
Net Cash Flow 1.79 -1.07 1.52 -1.64 -0.71 0.19 0.57 -2.29 1.62 -1.60 -0.11 0.01

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 154.92 148.06 140.31 148.26 141.24 80.82 90.95 115.48 86.16 91.65 71.16 74.89
Inventory Days 51.98 115.32 89.48 114.08 105.85 139.00 101.16 61.25 112.75 128.71 168.81 120.73
Days Payable 134.50 150.08 123.14 142.52 137.72 96.86 138.53 131.52 171.85 92.85 126.23 84.66
Cash Conversion Cycle 72.41 113.29 106.64 119.82 109.38 122.96 53.58 45.21 27.06 127.51 113.73 110.96
Working Capital Days 83.11 111.26 116.01 111.11 90.39 104.49 83.17 104.22 84.98 199.21 140.01 96.36
ROCE % 17.88% 15.95% 6.68% 6.02% 4.65% 7.27% 14.92% 14.66% 11.64% -1.81% 5.56% 8.15%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
30.71% 30.71% 30.71% 30.71% 30.71% 30.72% 31.55% 32.18% 32.67% 32.80% 36.14% 36.14%
69.29% 69.29% 69.29% 69.29% 69.29% 69.30% 68.45% 67.84% 67.33% 67.21% 63.86% 63.85%
No. of Shareholders 4,8974,9185,1104,9284,8224,7544,7024,7094,7725,0245,3206,136

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