Gabriel India Ltd
Gabriel India is part of ANAND Group. The Company has established a significant presence across all automotive customer segments, including OEMs, Aftermarket, and exports. Company manufactures over 500 models of ride control products. [1] Its products include shock absorbers, struts, front forks and others.[2]
- Market Cap ₹ 18,080 Cr.
- Current Price ₹ 1,259
- High / Low ₹ 1,388 / 387
- Stock P/E 83.6
- Book Value ₹ 80.5
- Dividend Yield 0.37 %
- ROCE 26.1 %
- ROE 19.4 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 20.0% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 30.2%
Cons
- Stock is trading at 15.6 times its book value
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,278 | 1,437 | 1,431 | 1,521 | 1,833 | 2,076 | 1,870 | 1,695 | 2,332 | 2,972 | 3,343 | 3,643 | 3,764 | |
| 1,189 | 1,320 | 1,302 | 1,374 | 1,662 | 1,898 | 1,732 | 1,592 | 2,186 | 2,758 | 3,053 | 3,321 | 3,433 | |
| Operating Profit | 89 | 117 | 129 | 146 | 171 | 178 | 138 | 103 | 146 | 214 | 290 | 322 | 331 | 
| OPM % | 7% | 8% | 9% | 10% | 9% | 9% | 7% | 6% | 6% | 7% | 9% | 9% | 9% | 
| 3 | 3 | 2 | 6 | 7 | 9 | 10 | 24 | 26 | 17 | 22 | 30 | 30 | |
| Interest | 9 | 5 | 2 | 4 | 3 | 3 | 4 | 7 | 4 | 5 | 5 | 4 | 5 | 
| Depreciation | 27 | 31 | 33 | 35 | 38 | 41 | 44 | 42 | 41 | 49 | 57 | 63 | 67 | 
| Profit before tax | 56 | 84 | 95 | 113 | 137 | 143 | 100 | 78 | 126 | 178 | 250 | 285 | 289 | 
| Tax % | 24% | 28% | 21% | 27% | 31% | 34% | 16% | 23% | 29% | 26% | 26% | 26% | |
| 43 | 60 | 75 | 83 | 94 | 95 | 85 | 60 | 90 | 132 | 185 | 212 | 216 | |
| EPS in Rs | 2.97 | 4.18 | 5.24 | 5.76 | 6.56 | 6.61 | 5.90 | 4.20 | 6.23 | 9.21 | 12.89 | 14.75 | 15.07 | 
| Dividend Payout % | 29% | 25% | 23% | 23% | 21% | 23% | 22% | 21% | 25% | 28% | 31% | 32% | 
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% | 
| 5 Years: | 14% | 
| 3 Years: | 16% | 
| TTM: | 11% | 
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% | 
| 5 Years: | 20% | 
| 3 Years: | 33% | 
| TTM: | 12% | 
| Stock Price CAGR | |
|---|---|
| 10 Years: | 31% | 
| 5 Years: | 68% | 
| 3 Years: | 103% | 
| 1 Year: | 177% | 
| Return on Equity | |
|---|---|
| 10 Years: | 17% | 
| 5 Years: | 16% | 
| 3 Years: | 18% | 
| Last Year: | 19% | 
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 
| Reserves | 271 | 311 | 366 | 436 | 511 | 576 | 637 | 682 | 752 | 856 | 994 | 1,142 | 
| 66 | 13 | 11 | 8 | 10 | 7 | 9 | 15 | 13 | 11 | 10 | 9 | |
| 238 | 283 | 281 | 310 | 368 | 375 | 320 | 485 | 573 | 547 | 593 | 621 | |
| Total Liabilities | 589 | 622 | 672 | 769 | 903 | 972 | 981 | 1,196 | 1,353 | 1,428 | 1,612 | 1,786 | 
| 267 | 268 | 272 | 289 | 299 | 301 | 349 | 353 | 385 | 420 | 434 | 479 | |
| CWIP | 12 | 3 | 2 | 2 | 8 | 54 | 20 | 28 | 20 | 35 | 55 | 74 | 
| Investments | 0 | 0 | 0 | 28 | 62 | 47 | 35 | 15 | 84 | 80 | 132 | 68 | 
| 309 | 351 | 397 | 450 | 534 | 571 | 578 | 800 | 864 | 893 | 991 | 1,164 | |
| Total Assets | 589 | 622 | 672 | 769 | 903 | 972 | 981 | 1,196 | 1,353 | 1,428 | 1,612 | 1,786 | 
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 69 | 100 | 91 | 136 | 104 | 93 | 120 | 204 | 95 | 136 | 189 | 146 | |
| -36 | -27 | -36 | -123 | -64 | -75 | -96 | -170 | -43 | -104 | -120 | -101 | |
| -32 | -75 | -23 | -44 | -26 | -31 | -28 | -22 | -24 | -34 | -52 | -67 | |
| Net Cash Flow | 1 | -1 | 32 | -31 | 14 | -13 | -4 | 12 | 28 | -1 | 17 | -21 | 
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 39 | 44 | 49 | 51 | 56 | 50 | 46 | 60 | 60 | 47 | 49 | 53 | 
| Inventory Days | 47 | 40 | 39 | 44 | 42 | 41 | 44 | 57 | 43 | 36 | 34 | 37 | 
| Days Payable | 62 | 67 | 63 | 72 | 74 | 63 | 58 | 113 | 97 | 71 | 71 | 69 | 
| Cash Conversion Cycle | 24 | 18 | 25 | 23 | 23 | 28 | 31 | 4 | 6 | 12 | 13 | 21 | 
| Working Capital Days | 1 | 14 | 18 | 21 | 24 | 25 | 26 | 46 | 35 | 29 | 34 | 50 | 
| ROCE % | 20% | 26% | 27% | 28% | 28% | 26% | 16% | 12% | 18% | 22% | 26% | 26% | 
Documents
Announcements
- 
        
          Update On Execution Of Joint Venture Agreement With SK Enmove Co., Ltd
          
            15 Oct - Gabriel India executed JV agreement with SK Enmove Co., Ltd. on October 15, 2025.
- 
        
          Registrar And Share Transfer Agent''s Report On Status Of Re-Lodgement Of Transfer Requests Of Physical Shares
          
            9 Oct - KFin reports zero re-lodged physical share transfer requests under SEBI special window as of Oct 6, 2025.
- 
        
          Board Meeting Outcome for Intimation Under Regulation 30 LODR Regarding Execution Of The Joint Venture Agreement ('JVA') Between SK Enmove Co., Ltd And Gabriel India Limited
          
            7 Oct - Gabriel to form 51:49 JV with SK Enmove; will invest INR 29.40 crore by Nov 30, 2025.
- 
        
          Announcement Under Regulation 30 LODR Regarding Entering Into Joint Venture Agreement Between Gabriel India Limited And SK Enmove Co., Ltd.
          
            7 Oct - Gabriel India to form JV with SK Enmove; Gabriel to invest up to INR 29.40 crore for 49% equity.
- Closure of Trading Window 26 Sep
Annual reports
- 
    
      Financial Year 2025
      from bse
- 
    
      Financial Year 2024
      from bse
- 
    
      Financial Year 2023
      from bse
- 
    
      Financial Year 2022
      from bse
- 
    
      Financial Year 2021
      from bse
- 
    
      Financial Year 2020
      from bse
- 
    
      Financial Year 2019
      from bse
- 
    
      Financial Year 2018
      from bse
- 
    
      Financial Year 2017
      from bse
- 
    
      Financial Year 2016
      from bse
- 
    
      Financial Year 2015
      from bse
- 
    
      Financial Year 2014
      from bse
- 
    
      Financial Year 2013
      from bse
- 
    
      Financial Year 2012
      from bse
- 
    
      Financial Year 2011
      from bse
Concalls
- 
      Jul 2025Transcript PPT REC
- 
      Jun 2025TranscriptNotesPPT
- 
      May 2025Transcript PPT REC
- 
      Jan 2025Transcript PPT REC
- 
      Oct 2024TranscriptNotesPPT
- 
      Aug 2024Transcript PPT REC
- 
      May 2024Transcript PPT
- 
      Feb 2024TranscriptPPTREC
- 
      Feb 2024Transcript PPT REC
- 
      Nov 2023Transcript PPT REC
- 
      Aug 2023Transcript PPT REC
- 
      May 2023Transcript PPT
- 
      May 2023TranscriptPPT
- 
      Feb 2023Transcript PPT
- 
      Nov 2022Transcript PPT
- 
      Aug 2022Transcript PPT
- 
      May 2022Transcript PPT
- 
      Feb 2022Transcript PPT
- 
      Nov 2021Transcript PPT
- 
      Aug 2021Transcript PPT
- 
      May 2021Transcript PPT
- 
      Feb 2021TranscriptNotesPPT
- 
      Nov 2020TranscriptNotesPPT
- 
      Aug 2020TranscriptNotesPPT
- 
      May 2020TranscriptNotesPPT
- 
      Feb 2020TranscriptNotesPPT
- 
      Nov 2019TranscriptNotesPPT
- 
      Aug 2019TranscriptNotesPPT
- 
      May 2019TranscriptNotesPPT
- 
      Feb 2019TranscriptNotesPPT
- 
      Nov 2018TranscriptNotesPPT
- 
      Aug 2018TranscriptNotesPPT
- 
      Jul 2016TranscriptNotesPPT
Products[1]
The Company is involved in the manufacturing of a wide range of ride control products, including shock absorbers, struts and front forks.
2&3 Wheelers: Company began manufacturing shock absorbers and front forks in 1990. It is among the top 3 players in 2W and a leader in 3W.
Passenger Car:Company is one of the preferred source of struts and shock absorbers for most automotive OEMs also enjoy major share of aftermarket segment of Passenger Cars.
Commercial Vehicle & Railways: Company is the marjet leader in the segment in India with ~89% market share. 1st Indigenous Company to develop damper for Rajdhani/ Shatabdi Coach(LHB)& Vande Bharat Coach.[2]
Aftermarket Company is recognised for directly servicing OEMs and the independent aftermarket segment. Company is known for its ability to provide genuine "fit-and-forget" components.