G G Automotive Gears Ltd
₹ 167
-1.44%
24 Apr
- close price
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
- Market Cap ₹ 167 Cr.
- Current Price ₹ 167
- High / Low ₹ 323 / 135
- Stock P/E 14.5
- Book Value ₹ 52.9
- Dividend Yield 0.00 %
- ROCE 20.4 %
- ROE 19.7 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 35.4% CAGR over last 5 years
Cons
- Stock is trading at 3.16 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 39.6%
* 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
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25 | 22 | 21 | 28 | 42 | 54 | 56 | 30 | 48 | 77 | 92 | 114 | 129 | |
| 22 | 20 | 19 | 25 | 34 | 45 | 47 | 28 | 42 | 69 | 80 | 97 | 104 | |
| Operating Profit | 3 | 2 | 2 | 3 | 8 | 9 | 9 | 2 | 6 | 8 | 12 | 17 | 25 |
| OPM % | 13% | 10% | 9% | 11% | 19% | 17% | 15% | 6% | 12% | 10% | 13% | 15% | 19% |
| 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 1 | 1 | 0 | 1 | 2 | 2 | 3 | 2 | 2 | 3 | 2 | 3 | 2 |
| Depreciation | 2 | 1 | 1 | 2 | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 5 |
| Profit before tax | 1 | 1 | 1 | 1 | 4 | 5 | 3 | -3 | 0 | 2 | 6 | 11 | 18 |
| 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 | 12 | |
| 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 | 11.66 |
| 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: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 32% |
| 5 Years: | 35% |
| 3 Years: | 164% |
| TTM: | 69% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 63% |
| 1 Year: | -13% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 10 | 10 |
| Reserves | 5 | 6 | 6 | 7 | 9 | 13 | 15 | 12 | 12 | 14 | 23 | 37 | 43 |
| 10 | 6 | 6 | 10 | 29 | 29 | 26 | 27 | 32 | 34 | 27 | 25 | 20 | |
| 7 | 8 | 8 | 8 | 11 | 14 | 18 | 7 | 12 | 15 | 22 | 24 | 27 | |
| Total Liabilities | 31 | 28 | 28 | 34 | 57 | 64 | 66 | 54 | 65 | 71 | 81 | 96 | 101 |
| 14 | 13 | 15 | 18 | 32 | 30 | 31 | 32 | 31 | 37 | 38 | 53 | 54 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 17 | 15 | 13 | 15 | 25 | 34 | 36 | 22 | 33 | 35 | 41 | 43 | 47 | |
| Total Assets | 31 | 28 | 28 | 34 | 57 | 64 | 66 | 54 | 65 | 71 | 81 | 96 | 101 |
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 |
| Free Cash Flow | 3 | -0 | -1 | 1 | -11 | -0 | 8 | -2 | 0 | -2 | 5 | -4 |
| CFO/OP | 119% | 46% | 142% | 175% | 80% | 25% | 140% | 127% | 85% | 66% | 107% | 91% |
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 | 80 |
| Working Capital Days | 28 | 48 | 34 | -5 | 1 | 23 | -10 | 26 | -13 | 16 | 22 | 39 |
| ROCE % | 7% | 6% | 5% | 7% | 15% | 15% | 12% | -2% | 6% | 8% | 15% | 20% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Annual Forging Production Capacity Metric Tonnes |
|
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| Annual Gears Production Capacity Units |
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| Annual Pinions/Shafts Production Capacity Units |
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| Operational Machinery Count Number of Machines |
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| Global Export Reach Countries |
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Documents
Announcements
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
11 Apr - On 31 March 2026, company confirmed it is not a Large Corporate under SEBI debt circular.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 7 Apr
- Closure of Trading Window 25 Mar
-
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Raising Of Unsecured Loan From Director/Promoter And Business Update
11 Mar - Board approved promoter unsecured interest-free loan up to ₹10 Crore; order book ₹90 Crore; fire claim and equipment ordered.
-
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 ("Listing Regulations").
4 Feb - Fire at G.G. Automotive Gears plant on Feb 4, 2026; operations disrupted; insurance notified; losses under assessment.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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)