GNA Axles Ltd.
Snapshot View

515.00 -12.65 ▼-2.4%

23 July 2021, 04:00:00 P.M.
Volume: 27,274

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.gnagroup.com
Financial Indicators
Market Cap 1,118.24 Cr.
Earnings per share (EPS) 32.90 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 15.83 Trailing Twelve Months Ending 2021-03
Industry PE 91.09 Trailing Twelve Months Ending 2021-03
Book Value / Share 241.12 Trailing Twelve Months Ending 2021-03
Price to Book Value 2.16 Calculated using Price: 520.95
Dividend Yield 0.96 Period Ending 2020-03
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
-2.40%
1 Week
-1.48%
1 Month
+19.49%
3 Month
+27.89%
6 Month
+33.23%
1 Year
+181.42%
2 Year
+107.95%
5 Year
5 years 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 18.75 13.59 15.94 17.72 12.43
Return on Capital Employed (%) 20.07 17.19 18.06 20.99 13.77
Return on Assets (%) 5.81 5.78 8.08 8.99 6.58

Balance Sheet View Details

Particulars 5 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 138 297 341 402 447
Non Curr. Liab. 46 29 27 77 106
Curr. Liab. 262 252 314 304 268
Minority Int.
Equity & Liab. 447 577 682 782 821
Non Curr. Assets 166 181 219 279 325
Curr. Assets 281 396 463 504 495
Misc. Exp. not W/O
Total Assets 447 577 682 782 821

Profit Loss View Details

Particulars 5 years 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 509 513 670 935 909
Other Income 0 3 3 0 1
Total Income 509 516 673 935 910
Total Expenditure -426 -433 -567 -790 -785
PBIDT 83 83 106 145 126
Interest -16 -13 -7 -8 -14
Depreciation -27 -24 -25 -35 -42
Taxation -13 -17 -23 -37 -17
Exceptional Items
PAT 26 30 51 66 53

Cash Flow View Details

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

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 65.15 66.50 66.50 67.41 67.48 67.51 67.51 67.51 67.52
Public 34.85 33.50 33.50 32.59 32.52 32.49 32.49 32.49 32.48
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 1.06 11.98 11.98 17.07 17.05 19.11 17.04 10.83 0.00

Announcements View Details

Sun, 18 Jul 2021
Board Meeting Intimation for Inter Alia Approval Of The Quarterly Results
G N A Axles Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/07/2021 inter alia to consider and approve This is to inform you that pursuant to regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 a meeting of the Board of Directors of the Company has been scheduled to be held on Saturday July 24th 2021 Inter alia to consider and approve the Un-audited Financial Results of the Company both standalone and consolidated for the first quarter ended 30th June 2021.
Sat, 17 Jul 2021
Statement Of Investor Complaints For The Quarter Ended June 2021
No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter
2341
Name of the Signatory :- gourav jain
Designation :- Company Secretary and Compliance Officer
Thu, 15 Jul 2021
Cancellation of Board Meeting
The Board Meeting to be held on 16/07/2021 Stands Cancelled.

Technical Scans View Details

Fri, 23 Jul 2021
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone
Both SRS And ARS Above Zero Both SRS And ARS Above Zero

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. 220,222.41 7,290.20 -0.1%
Bajaj Auto Ltd. 111,312.26 3,846.75 -0.2%
Tata Motors Ltd. 98,164.90 295.65 -2.3%
Mahindra & Mahindra Ltd. 95,010.99 764.25 +0.8%
Motherson Sumi Systems Ltd. 74,432.51 235.70 -0.6%
Eicher Motors Ltd. 69,811.10 2,553.55 -0.2%
Hero MotoCorp Ltd. 56,666.41 2,836.30 -0.1%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 50.17 7,290.20 -0.1%
Bajaj Auto Ltd. Consolidated 2021-06 19.77 3,846.75 -0.2%
Tata Motors Ltd. Consolidated 2021-03 0.00 295.65 -2.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 52.42 764.25 +0.8%
Motherson Sumi Systems Ltd. Consolidated 2021-03 71.63 235.70 -0.6%
Eicher Motors Ltd. Consolidated 2021-03 51.83 2,553.55 -0.2%
Hero MotoCorp Ltd. Consolidated 2021-03 19.42 2,836.30 -0.1%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2021-03 4.19 7,290.20 -0.1%
Bajaj Auto Ltd. Consolidated 2021-06 3.93 3,846.75 -0.2%
Tata Motors Ltd. Consolidated 2021-03 1.78 295.65 -2.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 2.30 764.25 +0.8%
Motherson Sumi Systems Ltd. Consolidated 2021-03 6.37 235.70 -0.6%
Eicher Motors Ltd. Consolidated 2021-03 6.10 2,553.55 -0.2%
Hero MotoCorp Ltd. Consolidated 2021-03 3.68 2,836.30 -0.1%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 0.00 7,290.20 -0.1%
Bajaj Auto Ltd. Consolidated 2021-03 0.00 3,846.75 -0.2%
Tata Motors Ltd. Consolidated 2021-03 2.46 295.65 -2.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 1.95 764.25 +0.8%
Motherson Sumi Systems Ltd. Consolidated 2020-03 1.13 235.70 -0.6%
Eicher Motors Ltd. Consolidated 2020-03 0.01 2,553.55 -0.2%
Hero MotoCorp Ltd. Consolidated 2021-03 0.02 2,836.30 -0.1%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 11.52 7,290.20 -0.1%
Bajaj Auto Ltd. Consolidated 2021-03 18.60 3,846.75 -0.2%
Tata Motors Ltd. Consolidated 2021-03 -22.17 295.65 -2.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 0.57 764.25 +0.8%
Motherson Sumi Systems Ltd. Consolidated 2020-03 11.98 235.70 -0.6%
Eicher Motors Ltd. Consolidated 2020-03 19.13 2,553.55 -0.2%
Hero MotoCorp Ltd. Consolidated 2021-03 20.03 2,836.30 -0.1%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 14.71 7,290.20 -0.1%
Bajaj Auto Ltd. Consolidated 2021-03 24.16 3,846.75 -0.2%
Tata Motors Ltd. Consolidated 2021-03 -1.27 295.65 -2.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 6.52 764.25 +0.8%
Motherson Sumi Systems Ltd. Consolidated 2020-03 12.08 235.70 -0.6%
Eicher Motors Ltd. Consolidated 2020-03 24.36 2,553.55 -0.2%
Hero MotoCorp Ltd. Consolidated 2021-03 25.96 2,836.30 -0.1%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 75,660.00 7,290.20 -0.1%
Bajaj Auto Ltd. Consolidated 2021-03 27,741.08 3,846.75 -0.2%
Tata Motors Ltd. Consolidated 2021-03 249,794.75 295.65 -2.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 89,026.76 764.25 +0.8%
Motherson Sumi Systems Ltd. Consolidated 2020-03 63,536.80 235.70 -0.6%
Eicher Motors Ltd. Consolidated 2020-03 9,153.58 2,553.55 -0.2%
Hero MotoCorp Ltd. Consolidated 2021-03 30,959.19 2,836.30 -0.1%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2020-03 5,559.20 7,290.20 -0.1%
Bajaj Auto Ltd. Consolidated 2021-03 4,550.70 3,846.75 -0.2%
Tata Motors Ltd. Consolidated 2021-03 -13,016.14 295.65 -2.3%
Mahindra & Mahindra Ltd. Consolidated 2021-03 230.44 764.25 +0.8%
Motherson Sumi Systems Ltd. Consolidated 2020-03 1,237.00 235.70 -0.6%
Eicher Motors Ltd. Consolidated 2020-03 1,795.73 2,553.55 -0.2%
Hero MotoCorp Ltd. Consolidated 2021-03 2,982.61 2,836.30 -0.1%