Skip to main content
Swing Capital

Automotive Axles Ltd

NSE: AUTOAXLES BSE: 505010Auto

Automotive Axles was established in 1981 as a JV of Kalyani Group (35.5% ownership) and Meritor Inc, USA (35.5% ownership). [1] The Company is engaged in the business of manufacturing and supplying Automotive Parts to the major domestic and global manufacturers of Trucks & Buses (LCV, MCV, HCV, Military & Off-highway Vehicle Segment). [2]

₹1,676
52W: ₹1536 — ₹2126
PE 15.4 · Book ₹666 · +152% vs book
Market Cap₹2,532 Cr
Stock P/E15.4Price to Earnings
ROCE22.3%Return on Capital
ROE16.6%Return on Equity
Div. Yield1.83%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Company has delivered good profit growth of 29.7% CAGR over last 5 years
  • +Company has been maintaining a healthy dividend payout of 29.5%

Shareholding Pattern

Promoters71.04%
FIIs0.83%
DIIs15.15%
Public12.99%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters71.04%71.04%71.04%71.04%71.04%71.04%71.04%71.04%
FIIs0.58%0.63%▲0.10.55%▼0.10.54%▼0.00.65%▲0.10.71%▲0.10.68%▼0.00.83%▲0.1
DIIs11.51%12.77%▲1.313.05%▲0.313.53%▲0.513.81%▲0.314.17%▲0.414.57%▲0.415.15%▲0.6
Public16.88%15.56%▼1.315.37%▼0.214.89%▼0.514.49%▼0.414.08%▼0.413.71%▼0.412.99%▼0.7

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales584541572492495531560489462562
Expenses518483508444444473497442413498
Operating Profit66586449515763484864
OPM %11%11%11%10%10%11%11%10%10%11%
Net Profit45394434364046363639
EPS ₹29.8425.9129.1822.5323.826.1930.3923.6423.7925.68

AI Insights

Revenue Trend

TTM revenue at ₹2,073Cr, down 0.2% YoY. OPM at 11%.

Debt Position

Borrowings at ₹15Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.

Capex Cycle

CWIP at ₹17Cr (9% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 15.15% (+2.68pp change). FIIs: 0.83% (+0.13pp change). Promoters hold 71.04%.

Margin & Efficiency

ROCE improving from 9% (Sep 2014) to 22% (Mar 2025). Working capital days: 111.

Valuation

PE 15.4x with 22.3% ROCE. Price is 152% above book value of ₹666. Dividend yield: 1.83%.

Recent Announcements