GNA Axles Ltd
GNA Axles is engaged in the Business of manufacturing auto components for the four-wheeler industry, primary product being Rear Axles, Shafts, Spindles & other Automobiles Components for sale in domestic and foreign market.
- Market Cap ₹ 1,685 Cr.
- Current Price ₹ 392
- High / Low ₹ 471 / 292
- Stock P/E 14.4
- Book Value ₹ 234
- Dividend Yield 0.76 %
- ROCE 14.3 %
- ROE 12.3 %
- Face Value ₹ 10.0
Pros
Cons
- The company has delivered a poor sales growth of 10.7% over past five years.
- Company has a low return on equity of 12.6% over last 3 years.
- Company might be capitalizing the interest cost
- Dividend payout has been low at 10.5% of profits over last 3 years
- Company has high debtors of 151 days.
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 430 | 509 | 513 | 670 | 928 | 909 | 890 | 1,270 | 1,583 | 1,506 | 1,540 | 1,478 | |
| 370 | 426 | 433 | 567 | 783 | 784 | 746 | 1,090 | 1,350 | 1,309 | 1,329 | 1,240 | |
| Operating Profit | 60 | 82 | 80 | 103 | 145 | 124 | 144 | 181 | 233 | 197 | 211 | 238 |
| OPM % | 14% | 16% | 16% | 15% | 16% | 14% | 16% | 14% | 15% | 13% | 14% | 16% |
| 1 | 0 | 3 | 3 | 0 | 1 | 2 | 1 | 1 | 2 | 3 | 3 | |
| Interest | 17 | 16 | 13 | 7 | 8 | 14 | 9 | 11 | 11 | 12 | 12 | 13 |
| Depreciation | 23 | 27 | 24 | 25 | 35 | 42 | 41 | 50 | 49 | 53 | 57 | 70 |
| Profit before tax | 21 | 39 | 47 | 74 | 103 | 70 | 96 | 121 | 175 | 135 | 144 | 158 |
| Tax % | -4% | 34% | 37% | 31% | 36% | 24% | 27% | 26% | 25% | 26% | 26% | 26% |
| 22 | 26 | 30 | 51 | 66 | 53 | 71 | 89 | 130 | 100 | 107 | 117 | |
| EPS in Rs | 7.13 | 8.57 | 6.90 | 11.86 | 15.35 | 12.30 | 16.44 | 20.70 | 30.36 | 23.30 | 24.95 | 27.25 |
| Dividend Payout % | 0% | 0% | 0% | 8% | 9% | 0% | 15% | 12% | 10% | 9% | 12% | 11% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 11% |
| 3 Years: | -2% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 11% |
| 3 Years: | -4% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | -1% |
| 1 Year: | 24% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 14% |
| 3 Years: | 13% |
| Last Year: | 12% |
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 | 15 | 15 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 43 | 43 | 43 |
| Reserves | 98 | 123 | 275 | 320 | 380 | 425 | 496 | 574 | 693 | 759 | 857 | 962 |
| 153 | 139 | 117 | 142 | 170 | 194 | 197 | 222 | 203 | 213 | 259 | 218 | |
| 160 | 170 | 163 | 199 | 211 | 180 | 245 | 225 | 252 | 203 | 206 | 298 | |
| Total Liabilities | 426 | 447 | 577 | 682 | 782 | 821 | 960 | 1,042 | 1,171 | 1,219 | 1,365 | 1,520 |
| 159 | 147 | 132 | 191 | 229 | 244 | 295 | 291 | 306 | 344 | 406 | 459 | |
| CWIP | 0 | 0 | 3 | 0 | 16 | 61 | 0 | 0 | 12 | 8 | 0 | 35 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 267 | 299 | 443 | 492 | 538 | 515 | 665 | 751 | 853 | 866 | 959 | 1,027 | |
| Total Assets | 426 | 447 | 577 | 682 | 782 | 821 | 960 | 1,042 | 1,171 | 1,219 | 1,365 | 1,520 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27 | 74 | -90 | 60 | 72 | 119 | 33 | 41 | 105 | 98 | 92 | 214 | |
| -14 | -16 | -8 | -78 | -88 | -123 | -28 | -46 | -66 | -86 | -111 | -155 | |
| -13 | -58 | 98 | 19 | 16 | 4 | -5 | 4 | -39 | -13 | 26 | -66 | |
| Net Cash Flow | -0 | -0 | -0 | 0 | -0 | -0 | 0 | -0 | 0 | -0 | 7 | -7 |
| Free Cash Flow | 13 | 60 | -101 | -22 | -16 | 15 | 3 | -4 | 30 | 10 | -18 | 56 |
| CFO/OP | 55% | 90% | -87% | 81% | 75% | 112% | 41% | 41% | 65% | 68% | 62% | 107% |
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 | 103 | 116 | 130 | 128 | 123 | 119 | 180 | 136 | 129 | 138 | 151 | 151 |
| Inventory Days | 120 | 105 | 126 | 132 | 96 | 90 | 100 | 82 | 65 | 84 | 80 | 117 |
| Days Payable | 194 | 177 | 174 | 157 | 113 | 102 | 149 | 88 | 78 | 77 | 76 | 128 |
| Cash Conversion Cycle | 30 | 44 | 82 | 103 | 107 | 106 | 130 | 130 | 116 | 145 | 155 | 139 |
| Working Capital Days | 24 | 13 | 51 | 67 | 78 | 83 | 107 | 89 | 85 | 102 | 122 | 133 |
| ROCE % | 15% | 20% | 17% | 18% | 21% | 14% | 15% | 17% | 21% | 15% | 14% | 14% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Component Sales Volume Lakh Pieces |
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| Rear Axle Shafts Sales Volume Lakh Pieces |
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| Total Installed Production Capacity Lakh Pieces |
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| Export Sales Volume Lakh Pieces |
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| Customer Concentration (Top 10 Clients) Percentage |
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Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
9 Jun - The Newspaper publication of corrigendum is attached.
- Newspaper Publication 8 Jun
-
Corrigendum To Annual Report For The Financial Year 2025-2026
8 Jun - Annual report corrigendum corrects GNA Mobility investment plan to Rs. 80 crore from Rs. 800 crore.
-
Business Responsibility and Sustainability Reporting (BRSR)
6 Jun - GNA Axles filed FY2025-26 BRSR; rooftop solar capacity reached 6 MW and 10 MW solar park began.
-
Reg. 34 (1) Annual Report.
6 Jun - Notice of 33rd AGM and FY2025-26 annual report; e-voting June 27-29, AGM on June 30, 2026.
Product Portfolio[1]
a) Rear Axle Shafts: The flagship product, GNA manufactures shafts ranging from 2 kg to 150 kg for commercial vehicles, tractors, off-highway vehicles, and SUVs.