Gabriel India Ltd

Gabriel India Ltd

₹ 497 1.61%
16 Jul - close price
About

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]

Key Points

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.

  • Market Cap 7,144 Cr.
  • Current Price 497
  • High / Low 517 / 198
  • Stock P/E 38.6
  • Book Value 70.2
  • Dividend Yield 0.51 %
  • ROCE 26.9 %
  • ROE 19.7 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 24.0%

Cons

  • Stock is trading at 7.08 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.

Peer comparison

Sector: Auto Ancillaries Industry: Auto Ancillaries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
578 452 590 606 684 721 803 711 737 806 864 814 859
531 429 547 564 647 670 744 660 685 737 791 744 781
Operating Profit 47 23 43 42 38 51 59 51 52 69 74 70 78
OPM % 8% 5% 7% 7% 6% 7% 7% 7% 7% 9% 9% 9% 9%
9 4 4 6 11 6 3 2 6 5 5 5 8
Interest 4 2 1 1 0 1 1 1 1 2 1 1 1
Depreciation 11 10 10 11 11 11 12 13 13 14 14 14 14
Profit before tax 41 16 36 37 38 44 49 39 45 58 63 59 70
Tax % 29% 24% 31% 30% 29% 26% 26% 26% 25% 26% 25% 28% 25%
29 12 25 26 27 33 37 29 34 42 47 43 53
EPS in Rs 2.01 0.84 1.73 1.79 1.87 2.29 2.55 2.03 2.35 2.96 3.27 2.99 3.67
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,198 1,278 1,437 1,431 1,521 1,833 2,076 1,870 1,695 2,332 2,972 3,343
1,116 1,189 1,320 1,302 1,374 1,662 1,898 1,732 1,592 2,186 2,758 3,044
Operating Profit 83 89 117 129 146 171 178 138 103 146 214 299
OPM % 7% 7% 8% 9% 10% 9% 9% 7% 6% 6% 7% 9%
-2 3 3 2 6 7 9 10 24 26 17 22
Interest 12 9 5 2 4 3 3 4 7 4 5 5
Depreciation 27 27 31 33 35 38 41 44 42 41 49 66
Profit before tax 41 56 84 95 113 137 143 100 78 126 178 250
Tax % 7% 24% 28% 21% 27% 31% 34% 16% 23% 29% 26% 26%
38 43 60 75 83 94 95 85 60 90 132 185
EPS in Rs 2.66 2.97 4.18 5.24 5.76 6.56 6.61 5.90 4.20 6.23 9.21 12.89
Dividend Payout % 28% 29% 25% 23% 23% 21% 23% 22% 21% 25% 28% 19%
Compounded Sales Growth
10 Years: 10%
5 Years: 10%
3 Years: 25%
TTM: 12%
Compounded Profit Growth
10 Years: 15%
5 Years: 14%
3 Years: 46%
TTM: 40%
Stock Price CAGR
10 Years: 26%
5 Years: 38%
3 Years: 57%
1 Year: 149%
Return on Equity
10 Years: 16%
5 Years: 15%
3 Years: 16%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14 14 14 14 14 14 14 14 14 14 14 14
Reserves 242 271 311 366 436 511 576 637 682 752 856 994
81 66 13 11 8 10 7 9 15 13 11 10
223 238 283 281 310 368 375 320 485 573 547 593
Total Liabilities 560 589 622 672 769 903 972 981 1,196 1,353 1,428 1,612
255 267 268 272 289 299 301 349 353 385 420 452
CWIP 6 12 3 2 2 8 54 20 28 20 35 37
Investments 0 0 0 0 28 62 47 35 15 84 80 132
299 309 351 397 450 534 571 578 800 864 893 991
Total Assets 560 589 622 672 769 903 972 981 1,196 1,353 1,428 1,612

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
108 69 100 91 136 104 93 120 204 95 136 189
-59 -36 -27 -36 -123 -64 -75 -96 -170 -43 -104 -120
-49 -32 -75 -23 -44 -26 -31 -28 -22 -24 -34 -52
Net Cash Flow 1 1 -1 32 -31 14 -13 -4 12 28 -1 17

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 37 39 44 49 51 56 50 46 60 60 47 49
Inventory Days 48 47 40 39 44 42 41 44 57 43 36 34
Days Payable 59 62 67 63 72 74 63 58 113 97 71 71
Cash Conversion Cycle 26 24 18 25 23 23 28 31 4 6 12 13
Working Capital Days 14 14 14 18 21 24 25 26 47 35 29 45
ROCE % 17% 20% 26% 27% 28% 28% 26% 16% 12% 18% 22% 27%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
55.00% 55.00% 55.00% 55.00% 55.00% 55.00% 55.00% 55.00% 55.00% 55.00% 55.00% 55.00%
1.00% 1.19% 1.28% 1.38% 2.57% 2.55% 2.91% 2.69% 3.04% 4.08% 4.43% 4.92%
7.08% 7.31% 9.22% 9.26% 11.04% 11.24% 11.08% 10.96% 11.72% 12.16% 12.00% 12.12%
36.92% 36.50% 34.50% 34.36% 31.38% 31.20% 31.00% 31.35% 30.25% 28.74% 28.56% 27.97%
No. of Shareholders 1,02,6131,11,8521,10,2011,06,30496,0131,02,77299,80997,7421,09,1871,24,4211,34,1391,41,668

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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