Is GNA Axles a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that GNA Axles Ltd is a good quality company .

Is GNA Axles undervalued or overvalued?

The key valuation ratios of GNA Axles Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is GNA Axles share price return in the past 10 years?

Data is not available for this company

Is GNA Axles a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of GNA Axles Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

GNA Axles Ltd - Stock Valuation and Financial Performance

Name: GNA Axles
Brand: GNA Axles

BSE: 540124 | NSE: GNA | Auto Ancillary | Small Cap

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GNA Axles Share Price

₹392.95 -3.20 -0.81%
as on 21-Nov'24 16:59

10 Year X-Ray of GNA Axles:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	13.9%	19.5%	17.2%	18.1%	21%	13.8%	15.4%	17.2%	21.4%	15.1%	-
Value Creation Index ⓘ	0.0	0.4	0.2	0.3	0.5	0.0	0.1	0.2	0.5	0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	426	509	513	670	935	909	890	1,270	1,583	1,506	1,515
Sales YoY Gr.	-	19.4%	1%	30.5%	39.5%	-2.8%	-2.1%	42.8%	24.6%	-4.8%	-
Adj EPS ⓘ	4.9	8.6	6.9	11.9	16.4	12.3	16.5	20.7	30.3	23.3	22.3
YoY Gr.	-	73.3%	-19.5%	72%	38.4%	-25.1%	33.9%	25.7%	46.7%	-23.2%	-
BVPS (₹) ⓘ	37.1	45.6	69.2	79.5	93.6	104.1	120.6	138.7	166.5	186.8	197.9
Adj Net Profit ⓘ	15	26	29.6	50.9	70.4	52.7	70.6	88.8	130	100	96
Cash Flow from Ops. ⓘ	14.2	74.5	-90.3	59.7	72.2	119	33.2	41.4	105	98.4	-
Debt/CF from Ops. ⓘ	12.9	1.9	-1.3	2.4	2.4	1.6	5.9	5.4	1.9	2.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15.1%	10%	19.2%	-4.8%
Adj EPS ⓘ	18.8%	7.3%	12.3%	-23.2%
BVPSⓘ	19.7%	14.8%	15.7%	12.2%
Share Price	-	24.2%	1.5%	-6.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	13.8	20.7	13.6	16	19	12.4	14.6	16	19.9	13.2	11.6
Op. Profit Mgn % ⓘ	13.2	16.2	15.7	15.4	16.2	13.7	16.2	14.2	14.7	13.1	12.6
Net Profit Mgn % ⓘ	3.5	5.1	5.8	7.6	7.5	5.8	7.9	7	8.2	6.6	6.3
Debt to Equity ⓘ	1.6	1	0.4	0.4	0.4	0.4	0.4	0.4	0.3	0.3	0.1
Working Cap Days ⓘ	189	192	226	225	196	207	234	200	181	200	106
Cash Conv. Cycle ⓘ	54	48	60	79	85	105	118	105	107	129	55

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.19%

Net Profit is growing at healthy rate in last 3 years 12.30%

Return on Equity has declined versus last 3 years average to 11.60%

Sales growth is not so good in last 4 quarters at -3.07%

Latest Financials - GNA Axles Ltd.

	Standalone	Consolidated
TTM EPS (₹)	22.3	22.2
TTM Sales (₹ Cr.)	1,515	1,515
BVPS (₹.) ⓘ	197.9	197.8
Reserves (₹ Cr.) ⓘ	807	806
P/BV ⓘ	2.00	2.00
PE ⓘ	17.80	17.81

From the Market
52 Week Low / High (₹)	359.15 / 519.00
All Time Low / High (₹)	66.00 / 582.05
Market Cap (₹ Cr.)	1,701
Equity (₹ Cr.)	42.9
Face Value (₹)	10
Industry PE ⓘ	51.1

Management X-Ray of GNA Axles:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

8.57

7.20

4.79

2.39

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of GNA Axles

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

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Dividend History

Analyst's Notes

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Key Ratios of GNA Axles

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	426	509	513	670	935	909	890	1,270	1,583	1,506
Operating Expenses ⓘ	370	426	433	567	790	785	746	1,090	1,350	1,309
Manufacturing Costs	98	102	110	141	176	177	145	195	247	277
Material Costs	227	269	267	351	510	494	481	722	920	858
Employee Cost	18	24	27	29	33	34	43	49	55	60
Other Costs ⓘ	27	31	29	46	71	80	77	123	128	114
Operating Profit ⓘ	56	82	80	103	145	125	144	181	233	197
Operating Profit Margin (%)	13.2%	16.2%	15.7%	15.4%	15.5%	13.7%	16.2%	14.2%	14.7%	13.1%
Other Income ⓘ	5	0	3	3	0	1	2	1	1	2
Interest ⓘ	17	16	13	7	8	14	9	11	11	12
Depreciation ⓘ	23	27	24	25	35	42	41	50	49	53
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	21	39	47	74	103	70	96	121	175	135
Tax ⓘ	6	13	17	23	37	17	25	32	44	35
Profit After Tax	15	26	30	51	66	53	71	89	130	100
PAT Margin (%)	3.5%	5.1%	5.8%	7.6%	7.0%	5.8%	7.9%	7.0%	8.2%	6.6%
Adjusted EPS (₹)	4.9	8.6	6.9	11.9	15.3	12.3	16.5	20.7	30.3	23.3
Dividend Payout Ratio (%)	0%	0%	0%	8%	9%	0%	15%	12%	10%	9%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	113	138	297	341	402	447	518	595	715	802
Share Capital ⓘ	15	15	21	21	21	21	21	21	21	43
Reserves ⓘ	98	123	275	320	380	425	496	574	693	759
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	182	117	99	124	152	163	172	207	186	189
Long Term Debt	84	42	26	25	74	105	76	47	30	29
Short Term Debt	98	75	73	99	79	57	95	160	156	160
Trade Payables	119	154	152	183	188	166	228	201	225	181
Others Liabilities ⓘ	13	37	29	34	40	46	43	37	42	43
Total Liabilities ⓘ	426	447	577	682	782	821	960	1,041	1,168	1,215
Fixed Assets
Gross Block	285	301	308	392	464	521	611	656	719	811
Accumulated Depreciation	126	153	177	201	235	277	316	365	413	466
Net Fixed Assetsⓘ	159	147	132	191	229	244	295	291	306	344
CWIP ⓘ	0	0	3	0	16	61	0	0	12	8
Investmentsⓘ	0	0	0	0	0	0	0	0	0	0
Inventories	92	91	110	154	161	145	153	188	188	198
Trade Receivables	122	162	182	235	312	296	438	474	561	571
Cash Equivalents	1	1	72	26	0	21	19	5	27	33
Others Assetsⓘ	52	45	78	76	64	53	55	83	74	61
Total Assets ⓘ	426	447	577	682	782	821	960	1,041	1,168	1,215

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	14	74	-90	60	72	119	33	41	105	98
PBT ⓘ	21	39	47	74	103	70	96	121	175	135
Adjustment ⓘ	38	42	32	30	42	55	48	60	57	61
Changes in Working Capital ⓘ	-39	7	-149	-20	-37	14	-86	-106	-80	-62
Tax Paid ⓘ	-6	-14	-20	-24	-36	-20	-25	-33	-46	-36
Cash Flow From Investing Activity ⓘ	-13	-16	-8	-78	-88	-123	-28	-46	-66	-86
Capex	0	-15	-11	-81	-89	-103	-30	-46	-75	-89
Net Investments	0	0	0	0	0	-21	0	0	0	0
Others ⓘ	-13	-2	3	3	0	1	1	0	9	3
Cash Flow From Financing Activityⓘ	-1	-58	98	19	16	4	-5	4	-39	-13
Net Proceeds from Shares ⓘ	0	0	130	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-8	-20	-19	-1	48	45	-35	-40	-15	6
Interest Paid ⓘ	-16	-15	-11	-6	-6	-13	-8	-10	-10	-10
Dividend Paid ⓘ	0	0	0	0	-5	-7	0	-11	-11	-13
Others ⓘ	23	-23	-2	26	-20	-22	38	65	-4	4
Net Cash Flow ⓘ	0	0	0	0	0	0	0	0	0	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	13.83	20.69	13.6	15.94	17.73	12.43	14.65	15.95	19.88	13.19
ROCE (%)	13.85	19.46	17.19	18.07	20.99	13.77	15.44	17.21	21.39	15.14
Asset Turnover Ratio	1.13	1.23	1.06	1.08	1.28	1.13	1	1.27	1.43	1.26
PAT to CFO Conversion(x)	0.93	2.85	-3	1.18	1.09	2.25	0.46	0.46	0.81	0.98
Working Capital Days
Receivable Days	94	97	116	113	107	122	151	131	119	137
Inventory Days	62	62	68	71	61	61	61	49	43	47
Payable Days	173	185	209	174	133	131	149	108	85	86

GNA Axles Ltd Stock News

GNA Axles Ltd FAQs

What is the share price of GNA Axles?

Company share prices are keep on changing according to the market conditions. The closing price of GNA Axles on 21-Nov-2024 16:59 is ₹392.9.

What is the market cap of GNA Axles?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of GNA Axles stood at ₹1,700.7.

What is the P/E ratio of GNA Axles?

The latest P/E ratio of GNA Axles as of 21-Nov-2024 16:59 is 17.80.

What is the P/B ratio of GNA Axles?

The latest P/B ratio of GNA Axles as of 21-Nov-2024 16:59 is 2.00.

What is the 52-week high and low of GNA Axles?

The 52-week high of GNA Axles is ₹519.0 and the 52-week low is ₹359.1.

What is the TTM revenue of GNA Axles?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GNA Axles is ₹1,515 ( Cr.) .

About GNA Axles Ltd

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.