GNA Axles Ltd.
Snapshot View

508.00 +10.75 ▲2.2%

20 May 2022, 04:01:00 PM
Volume: 2,221

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.gnagroup.com
Market Cap 1,087.65 Cr.
Enterprise Value(EV) 1,292.71 Cr. 2022-03
Financial Indicators
Earnings per share (EPS) 41.35 Trailing Twelve Months Ending 2022-03
Price-Earning Ratio (PE) 12.29 Trailing Twelve Months Ending 2022-03
Industry PE 42.22 Trailing Twelve Months Ending 2022-03
Book Value / Share 277.29 Trailing Twelve Months Ending 2022-03
Price to Book Value 1.83 Calculated using Price: 508.00
Dividend Yield 0.99 Period Ending 2021-03
No. of Shares Subscribed 2.15 Cr. 21,465,400 Shares
FaceValue 10
Company Profile

Established in 1993, the company is among the leading manufacturers of rear axle shafts used in on-highway and off-highway vehicular segments in India. Since its first supplies in 1995 and its first exports in 2002-2003, the company has grown to production levels of more than 2.26 million components in Fiscal 2016. It manufactures and supplies a diverse range of rear axle shafts, other shafts and spindles for the on-highway segment, i.e. for light commercial vehicles (LCVs), medium commercial vehicles (MCVs) and heavy commercial vehicles (HCVs) and other transport vehicles such as buses. It also manufactures and supplies a diverse range of rear axle shafts and other shafts for the off-highway segment, i.e. for agricultural tractors and machinery, forestry and construction equipments, electric carts and other specialty vehicles used in mining and defense sectors. It also manufactures solid and hollow spindles used in the axle assembly for various vehicles and equipments in the on-highway segment which it supplies to its export customers.

The company has a broad customer base for both the on-highway and off-highway segments and its customers are based in India and overseas. Its customers primarily include original equipment manufacturers (OEMs) such as Mahindra & Mahindra, John Deere, Tractors and Farm Equipment (TAFE), and tier-1 suppliers to OEMs such as Automotive Axles, Meritor HVS AB and Dana.

The company has two manufacturing facilities: Unit I located in village Mehtiana, district Hoshiarpur, Punjab and Unit II located at village Gulabgarh Jattan, district Kapurthala, Punjab. Both of its manufacturing facilities are ISO/TS 16949:2009 certified for manufacture of rear axle shafts, other shafts and spindles for automotive applications. The company’s manufacturing facilities include machinery imported from various countries including Italy, Germany, Japan, China and Taiwan, used for various processes such as materials testing, forging, heat treatment, machining, induction hardening and packaging. Some of its significant machineries include 13” upsetter, direct drive screw press supported by robots, Lasco extrusion press supported by robots and electric heat treatment furnace, and direct drive screw press supported by robots for heavy axle shafts forgings.

Business area of the company

The company is Punjab based manufacturers of rear axle shafts, other shafts and spindles used in on-highway and off-highway vehicular segments in India. The company is mainly engaged in manufactures and sells auto components for the four-wheeler industry. GNA Axles made over 2.26 million components in 2016.

Key Milestones

  • 1994: Company obtained certificate for commencement of business.
  • 1995: Company started supply of fully finished and ready to assemble mechanised axle shafts to OEMs, such as Mahindra & Mahindra.
  • 2002 - 2003: Started exports to USA and Europe.
  • 2004: Installed 13” Upsetter with new heat treatment shop.
  • 2007: Commissioned 66 kVA dedicated electricity supply line for Unit I.
  • 2008: Invested in forging technology for rear axle shafts with direct drive screw press supported by robots.
  • 2012: Commissioned Unit II with facility for commercial vehicle axle shafts and spindles machining.
  • 2013: Commissioned Lasco extrusion press supported by robots and electric heat treatment furnace at Unit II Commissioned direct drive screw press for heavy axle shaft forgings supported by robots at Unit I.
  • 2015: Commissioned 66 kVA dedicated electricity supply line for Unit II.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+2.16%
1 Week
+1.49%
1 Month
-8.71%
3 Month
+0.79%
6 Month
-32.39%
1 Year
+28.71%
2 Year
+161.65%
5 Year
+132.65%
10 Year
6 years 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 18.75 13.59 15.94 17.72 12.43 14.65
Return on Capital Employed (%) 20.07 17.19 18.06 20.99 13.77 15.44
Return on Assets (%) 5.81 5.78 8.08 8.99 6.58 7.93

Balance Sheet View Details

Particulars 7 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03* Rs. Cr.
Shh. Funds 138 297 341 402 447 518 595
Non Curr. Liab. 46 29 27 77 106 77 47
Curr. Liab. 262 252 314 304 268 365 399
Minority Int.
Equity & Liab. 447 577 682 782 821 960 1,041
Non Curr. Assets 166 181 219 279 325 315 327
Curr. Assets 281 396 463 504 495 644 714
Misc. Exp. not W/O
Total Assets 447 577 682 782 821 960 1,041

Profit Loss View Details

Particulars 7 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. TTM
Net Sales 509 513 670 935 909 890 1,270
Other Income 0 3 3 0 1 2 1
Total Income 509 516 673 935 910 891 1,271
Total Expenditure -426 -433 -567 -790 -785 -746 -1,090
PBIDT 83 83 106 145 126 145 182
Interest -16 -13 -7 -8 -14 -9 -11
Depreciation -27 -24 -25 -35 -42 -41 -50
Taxation -13 -17 -23 -37 -17 -25 -32
Exceptional Items
PAT 26 30 51 66 53 71 89
Minority Interest
Share Associate
Other Related Items
Consolidated Net Profit 26 30 51 66 53 71 89
Adjusted EPS 17 14 24 31 25 33 41

Cash Flow View Details

Particulars 6 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 74 -90 60 72 119 31
Cash Fr. Inv. -16 -8 -78 -88 -123 -27
Cash Fr. Finan. -58 98 19 16 4 -5
Net Change 0 0 0 0 0 0
Cash & Cash Eqvt 1 0 0 0 0 0

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 67.41 67.48 67.51 67.51 67.51 67.52 67.52 67.52 67.88
Public 32.59 32.52 32.49 32.49 32.49 32.48 32.48 32.48 32.12
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 17.07 17.05 19.11 17.04 10.83 10.83 8.63 8.62 8.58

Announcements View Details

Sat, 21 May 2022
DISCLOSURE UNDER SEBI (SAST) & (PIT) REGULATIONS
We have received Disclosure under regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations 2015 and regulation 29 of SEBI (Substantial Acquisition of shares and takeovers) Regulations 2015 about Acquisition of 385 Equity shares by Mr. Harwinder Singh (Part of Promoter Group). He had already intimated to the Stock Exchanges vide his letter dated 18th May 2022.
Sat, 21 May 2022
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 2011 for GNA Gears Ltd
Thu, 19 May 2022
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 2011 for Harwinder Singh

Technical Scans View Details

Fri, 20 May 2022
Closing Above Previous High Closing Above Previous High
High Decrease 1 Month High Decrease 1 Month
High Decrease 6 Months High Decrease 6 Months
High Increase 2 Years High Increase 2 Years
High Increase 5 Years High Increase 5 Years

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. 229,194.18 7,587.20 +2.4%
Tata Motors Ltd. 138,795.14 417.95 +4.8%
Mahindra & Mahindra Ltd. 112,459.20 904.60 +2.5%
Bajaj Auto Ltd. 109,583.29 3,787.00 +2.4%
Eicher Motors Ltd. 74,029.49 2,707.45 +2.2%
Samvardhana Motherson International Ltd. 56,153.95 124.30 +3.3%
Hero MotoCorp Ltd. 51,777.01 2,591.20 +2.9%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2022-03 59.08 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2022-03 0.00 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-12 20.79 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2022-03 17.77 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2022-03 44.15 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-12 38.33 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2022-03 22.35 2,591.20 +2.9%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2022-03 4.14 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2022-03 3.12 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-12 2.49 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2022-03 3.67 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2022-03 5.87 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-12 4.68 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2022-03 3.27 2,591.20 +2.9%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 0.01 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2021-03 2.46 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-03 1.95 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2021-03 0.00 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2021-03 0.01 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-03 0.92 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2021-03 0.02 2,591.20 +2.9%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 8.28 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2021-03 -22.17 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-03 0.57 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2021-03 18.60 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2021-03 12.37 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-03 13.55 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2021-03 20.03 2,591.20 +2.9%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 8.28 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2021-03 -22.17 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-03 0.57 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2021-03 18.60 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2021-03 12.37 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-03 13.55 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2021-03 20.03 2,591.20 +2.9%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 70,372.00 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2021-03 249,794.75 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-03 89,026.76 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2021-03 27,741.08 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2021-03 8,720.35 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-03 61,508.10 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2021-03 30,959.19 2,591.20 +2.9%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 4,220.10 7,587.20 +2.4%
Tata Motors Ltd. Consolidated 2021-03 -13,016.14 417.95 +4.8%
Mahindra & Mahindra Ltd. Consolidated 2021-03 230.44 904.60 +2.5%
Bajaj Auto Ltd. Consolidated 2021-03 4,550.70 3,787.00 +2.4%
Eicher Motors Ltd. Consolidated 2021-03 1,315.76 2,707.45 +2.2%
Samvardhana Motherson International Ltd. Consolidated 2021-03 1,484.50 124.30 +3.3%
Hero MotoCorp Ltd. Consolidated 2021-03 2,982.61 2,591.20 +2.9%