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 ₹ 25,212 Cr.
- Current Price ₹ 1,426
- High / Low ₹ 1,600 / 796
- Stock P/E 90.4
- Book Value ₹ 92.8
- Dividend Yield 0.35 %
- ROCE 26.5 %
- ROE 20.0 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 32.9% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 30.8%
- Promoter holding has increased by 8.53% over last quarter.
- Company's working capital requirements have reduced from 37.5 days to 28.3 days
Cons
- Stock is trading at 15.4 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,437 | 1,431 | 1,521 | 1,833 | 2,076 | 1,870 | 1,695 | 2,332 | 2,972 | 3,343 | 3,643 | 4,233 | 4,622 | |
| 1,320 | 1,302 | 1,374 | 1,662 | 1,898 | 1,732 | 1,592 | 2,186 | 2,758 | 3,053 | 3,321 | 3,864 | 4,222 | |
| Operating Profit | 117 | 129 | 146 | 171 | 178 | 138 | 103 | 146 | 214 | 290 | 322 | 369 | 400 |
| OPM % | 8% | 9% | 10% | 9% | 9% | 7% | 6% | 6% | 7% | 9% | 9% | 9% | 9% |
| 3 | 2 | 6 | 7 | 9 | 10 | 24 | 26 | 17 | 22 | 30 | 37 | 49 | |
| Interest | 5 | 2 | 4 | 3 | 3 | 4 | 7 | 4 | 5 | 5 | 4 | 6 | 10 |
| Depreciation | 31 | 33 | 35 | 38 | 41 | 44 | 42 | 41 | 49 | 57 | 63 | 77 | 84 |
| Profit before tax | 84 | 95 | 113 | 137 | 143 | 100 | 78 | 126 | 178 | 250 | 285 | 322 | 355 |
| Tax % | 28% | 21% | 27% | 31% | 34% | 16% | 23% | 29% | 26% | 26% | 26% | 24% | |
| 60 | 75 | 83 | 94 | 95 | 85 | 60 | 90 | 132 | 185 | 212 | 243 | 268 | |
| EPS in Rs | 4.18 | 5.24 | 5.76 | 6.56 | 6.61 | 5.90 | 4.20 | 6.23 | 9.21 | 12.89 | 14.75 | 16.93 | 17.68 |
| Dividend Payout % | 25% | 23% | 23% | 21% | 23% | 22% | 21% | 25% | 28% | 31% | 32% | 30% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 20% |
| 3 Years: | 13% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 33% |
| 3 Years: | 23% |
| TTM: | 27% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 28% |
| 5 Years: | 59% |
| 3 Years: | 65% |
| 1 Year: | 16% |
| Return on Equity | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 18% |
| 3 Years: | 20% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | 311 | 366 | 436 | 511 | 576 | 637 | 682 | 752 | 856 | 994 | 1,142 | 1,319 |
| 13 | 11 | 8 | 10 | 7 | 9 | 15 | 13 | 11 | 10 | 9 | 34 | |
| 283 | 281 | 310 | 368 | 375 | 320 | 485 | 573 | 547 | 593 | 621 | 741 | |
| Total Liabilities | 622 | 672 | 769 | 903 | 972 | 981 | 1,196 | 1,353 | 1,428 | 1,612 | 1,786 | 2,108 |
| 268 | 272 | 289 | 299 | 301 | 349 | 353 | 385 | 420 | 434 | 479 | 615 | |
| CWIP | 3 | 2 | 2 | 8 | 54 | 20 | 28 | 20 | 35 | 55 | 74 | 84 |
| Investments | 0 | 0 | 28 | 62 | 47 | 35 | 15 | 84 | 80 | 132 | 68 | 174 |
| 351 | 397 | 450 | 534 | 571 | 578 | 800 | 864 | 893 | 991 | 1,164 | 1,235 | |
| Total Assets | 622 | 672 | 769 | 903 | 972 | 981 | 1,196 | 1,353 | 1,428 | 1,612 | 1,786 | 2,108 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 100 | 91 | 136 | 104 | 93 | 120 | 204 | 95 | 136 | 189 | 146 | 267 | |
| -27 | -36 | -123 | -64 | -75 | -96 | -170 | -43 | -104 | -120 | -101 | -141 | |
| -75 | -23 | -44 | -26 | -31 | -28 | -22 | -24 | -34 | -52 | -67 | -83 | |
| Net Cash Flow | -1 | 32 | -31 | 14 | -13 | -4 | 12 | 28 | -1 | 17 | -21 | 44 |
| Free Cash Flow | 75 | 54 | 84 | 50 | 8 | 61 | 152 | 19 | 49 | 97 | 18 | 79 |
| CFO/OP | 104% | 87% | 110% | 86% | 87% | 109% | 191% | 87% | 83% | 89% | 68% | 92% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44 | 49 | 51 | 56 | 50 | 46 | 60 | 60 | 47 | 49 | 53 | 55 |
| Inventory Days | 40 | 39 | 44 | 42 | 41 | 44 | 57 | 43 | 36 | 34 | 37 | 36 |
| Days Payable | 67 | 63 | 72 | 74 | 63 | 58 | 113 | 97 | 71 | 71 | 69 | 71 |
| Cash Conversion Cycle | 18 | 25 | 23 | 23 | 28 | 31 | 4 | 6 | 12 | 13 | 21 | 20 |
| Working Capital Days | 14 | 18 | 21 | 24 | 25 | 26 | 46 | 35 | 29 | 34 | 50 | 28 |
| ROCE % | 26% | 27% | 28% | 28% | 26% | 16% | 12% | 18% | 22% | 26% | 26% | 27% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aftermarket Sales Rs. Mn |
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| Export Revenue Rs. Mn |
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| Market Share - 2W/3W Segment % |
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| Market Share - Commercial Vehicle Segment % |
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| Market Share - Passenger Vehicle Segment % |
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| Number of Business Partners Nos. |
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| SKUs Launched Nos. |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Announcement Under Regulation 30 LODR Regarding Clarification In Respect Of Valuation Undertaken In Connection With The Proposed Acquisition Of Shares Of HL Mando Anand India Private Limited And The Related Preferential Issue Of Shares Of The Company
- Clarifies valuation for proposed HMAI acquisition and preferential issue; exchange ratio unchanged.
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Announcement under Regulation 30 (LODR)-Credit Rating
- CRISIL assigned AA+/Stable to Rs1,000 crore NCDs and reaffirmed AA+/Stable on Rs170 crore bank facilities.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Gabriel India acquires 30% less one share in HL Klemove India for US$98.44 million (~₹935 crore).
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Announcement under Regulation 30 (LODR)-Raising of Funds
- Board approved up to ₹1,000 crore NCDs via private placement on August 24, 2026.
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Board Meeting Outcome for Outcome Of The Board Meeting Held On Monday, August 24, 2026
- Board approved raising up to ₹1,000 crore via private placement of NCDs on August 24, 2026.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Jul 2026Transcript PPT REC
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT REC
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Jun 2025TranscriptAI SummaryPPT
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May 2025Transcript PPT REC
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Jan 2025Transcript PPT REC
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Oct 2024Transcript PPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024TranscriptPPTREC
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
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May 2023Transcript PPT
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May 2023TranscriptPPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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May 2021Transcript PPT
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Feb 2021TranscriptAI SummaryPPT
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Nov 2020TranscriptAI SummaryPPT
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Aug 2020TranscriptAI SummaryPPT
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May 2020TranscriptAI SummaryPPT
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Feb 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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Jul 2016TranscriptAI SummaryPPT
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 market leader in the segment in India with ~88% market share.[2] 1st Indigenous Company to develop damper for Rajdhani/ Shatabdi Coach(LHB)& Vande Bharat Coach.[3]
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.