GNA Axles Ltd

GNA Axles is one of the worldS leading Manufacturer of Automotive Transmission Components. Over The Years It Has Strongly Evolved From a Small Auto Components Manufacturer To a Large Axle Shafts Manufacturer.(Source : 201903 Annual Report Page No: 03)

Pros:
Company has good consistent profit growth of 37.67% over 5 years
Cons:
Promoter's stake has decreased
Company might be capitalizing the interest cost

Peer Comparison Sector: Auto Ancillaries // Industry: Auto Ancillaries

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Dec 2016 Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
119 120 145 154 167 205 213 227 246 242 258 256
99 103 122 130 140 175 181 191 207 204 217 216
Operating Profit 19 17 23 24 27 30 32 36 39 39 41 40
OPM % 16% 14% 16% 15% 16% 14% 15% 16% 16% 16% 16% 16%
Other Income 1 2 1 1 0 1 0 0 0 0 0 0
Interest 2 2 2 2 1 2 2 2 2 2 4 4
Depreciation 6 6 6 6 6 6 8 9 9 9 10 11
Profit before tax 12 11 16 16 20 22 22 25 27 28 28 26
Tax % 35% 42% 30% 35% 36% 25% 35% 36% 34% 37% 35% 13%
Net Profit 8 6 11 11 13 16 14 16 18 18 18 22
EPS in Rs 3.79 2.85 5.16 4.97 5.91 7.66 6.52 7.57 8.36 8.35 8.48 10.38
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
310 399 349 403 430 509 513 670 928 1,003
278 347 305 353 370 426 433 567 783 843
Operating Profit 33 52 44 51 60 82 80 103 145 159
OPM % 10% 13% 13% 13% 14% 16% 16% 15% 16% 16%
Other Income 2 0 0 0 1 0 3 3 0 1
Interest 9 12 13 15 17 16 13 7 8 11
Depreciation 12 12 14 17 23 27 24 25 35 39
Profit before tax 14 28 18 18 21 39 47 74 103 109
Tax % 46% 39% 73% 28% -4% 34% 37% 31% 36%
Net Profit 7 17 5 13 22 26 30 51 66 76
EPS in Rs 4.87 11.17 3.17 8.75 14.24 17.12 13.79 23.71 30.68 35.57
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 8% 9%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:18.14%
3 Years:22.21%
TTM:23.57%
Compounded Profit Growth
10 Years:%
5 Years:37.67%
3 Years:36.37%
TTM:28.58%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:14.55%
1 Year:-32.22%
Return on Equity
10 Years:%
5 Years:17.07%
3 Years:16.11%
Last Year:17.72%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
15 15 15 15 15 15 21 21 21 21
Reserves 42 59 63 76 98 123 275 320 380 413
Borrowings 79 85 111 134 153 139 117 142 170 206
98 109 128 157 160 170 163 199 211 256
Total Liabilities 234 267 318 382 426 447 577 682 782 897
83 88 108 145 159 147 132 191 229 262
CWIP 2 7 29 24 0 0 3 0 16 9
Investments 0 0 0 0 0 0 0 0 0 0
149 172 181 213 267 299 443 492 538 626
Total Assets 234 267 318 382 426 447 577 682 782 897

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
20 28 40 36 27 74 -90 60 72
-14 -23 -54 -61 -14 -16 -8 -78 -88
-6 -5 15 24 -13 -58 98 19 16
Net Cash Flow -1 -1 1 -1 -0 -0 -0 0 -0

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 27% 17% 16% 15% 20% 17% 18% 21%
Debtor Days 93 78 91 101 103 116 130 128 123
Inventory Turnover 7.59 6.58 7.06 5.61 5.55 5.09 5.08 5.90