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Swing Capital

GNA Axles Ltd

NSE: GNA BSE: 540124Auto

GNA Axles is engaged in the Business of manufacturing auto components for the four-wheeler industry, primary product being Rear Axles, Shafts, Spindles & other Automobiles Components for sale in domestic and foreign market.

₹363
52W: ₹292 — ₹471
PE 13.4 · Book ₹234 · +55% vs book
Market Cap₹1,559 Cr
Stock P/E13.4Price to Earnings
ROCE14.6%Return on Capital
ROE12.3%Return on Equity
Div. Yield0.84%Face Value ₹10

Strengths

  • +Company has reduced debt.

Weaknesses

  • −The company has delivered a poor sales growth of 10.7% over past five years.
  • −Company has a low return on equity of 12.6% over last 3 years.
  • −Dividend payout has been low at 6.87% of profits over last 3 years
  • −Company has high debtors of 151 days.

Shareholding Pattern

Promoters68.43%
FIIs1.27%
DIIs11%
Public19.29%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters68.16%67.81%▼0.367.89%▲0.168.83%▲0.968.95%▲0.168.95%68.58%▼0.468.43%▼0.1
FIIs0.28%0.61%▲0.30.48%▼0.10.41%▼0.10.56%▲0.20.32%▼0.20.35%▲0.01.27%▲0.9
DIIs11.23%11.77%▲0.512.42%▲0.711.31%▼1.111.32%▲0.011.38%▲0.111.42%▲0.011%▼0.4
Public20.32%19.82%▼0.519.21%▼0.619.45%▲0.219.17%▼0.319.34%▲0.219.64%▲0.319.29%▼0.4

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales357371400388375378344348375411
Expenses310335345335323327294287306354
Operating Profit47365553525050616957
OPM %13%10%14%14%14%13%15%18%18%14%
Net Profit22172829252523313231
EPS ₹5.233.96.476.655.915.935.367.277.447.18

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,478Cr, down 4% YoY. OPM at 16%.

Debt Position

Borrowings at ₹184Cr. Debt-to-equity ratio: 0.19x. Healthy balance sheet.

Capex Cycle

CWIP at ₹35Cr (8% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 11% (-0.32pp change). FIIs: 1.27% (+0.22pp change). Promoters hold 68.43%.

Margin & Efficiency

ROCE improving from 15% (Mar 2015) to 15% (Mar 2026). Working capital days: 133.

Valuation

PE 13.4x with 14.6% ROCE. Price is 55% above book value of ₹234. Dividend yield: 0.84%.

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