MarketFriction

GNA Axles Ltd

NSE GNA · BSE 540124 · Auto Components & Equipments
₹580.70 -2.95%
NSE close2026-10-01
52 week range295.00 - 648.00
Market cap₹2,549 Cr.
P/E19.3
IPO 2016 · +461% since ASM long-term Price band 20% Delivery 43.0%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales404357371400388375378344348375411470
Expenses349310335345335323327294287306354398
Operating Profit554736555352505061695772
OPM %14%13%10%14%14%14%13%15%18%18%14%15%
Other Income100111110101
Interest323424343434
Depreciation151313141415141616191918
Profit before tax373220383835343142473752
Tax %26%30%18%26%24%27%26%27%26%33%16%26%
Net Profit282217282925252331323138
EPS in Rs6.435.233.906.476.655.915.935.367.277.447.188.91
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5095136709289098901,2701,5831,5061,5401,4781,605
Expenses4264335677837847461,0901,3501,3091,3291,2401,345
Operating Profit8280103145124144181233197211238260
OPM %16%16%15%16%14%16%14%15%13%14%16%16%
Other Income033012112333
Interest161378149111112121313
Depreciation272425354241504953577072
Profit before tax3947741037096121175135144158178
Tax %34%37%31%36%24%26%26%25%26%26%26%
Net Profit26305166537189130100107117132
EPS in Rs8.566.8911.8615.3512.2916.4620.6930.3523.2824.9427.2430.80
Dividend Payout %0%0%8%9%0%15%12%10%9%12%11%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%11%-2%8%
Compounded Profit Growth16%11%-4%29%
Stock Price CAGR18%5%8%92%
Return on Equity15%14%13%12%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1521212121212121434343
Reserves123275320380425496574693759857961
Borrowings139117142170194197222203213259218
Other Liabilities170163199211180245225253204206298
Total Liabilities4475776827828219601,0421,1711,2191,3651,520
Fixed Assets147132191229244295291306344406459
CWIP030166100128035
Investments00000000000
Other Assets2994434925385156657518538669591,027
Total Assets4475776827828219601,0421,1711,2191,3651,520
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity74-90607211933411059892214
Cash from Investing Activity-16-8-78-88-123-28-46-66-86-111-155
Cash from Financing Activity-589819164-54-39-1326-66
Net Cash Flow-0-00-0-00-00-07-7
Free Cash Flow60-101-22-16153-43010-1856
CFO/OP107%-88%81%75%112%41%41%65%68%62%107%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days116130128123119180136129138151151
Inventory Days105126132969010082758480117
Days Payable17717415711310215088897776129
Cash Conversion Cycle4482103107106130130115145155139
Working Capital Days13516778831068985102122133
ROCE %17%18%21%14%15%17%21%15%14%14%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters68.15%68.15%68.16%68.16%67.81%67.89%68.83%68.95%68.95%68.58%68.43%65.78%
FIIs1.12%0.37%0.20%0.28%0.61%0.48%0.41%0.56%0.32%0.35%1.27%1.70%
DIIs10.83%10.95%11.01%11.23%11.77%12.42%11.31%11.32%11.38%11.42%11.00%11.59%
Public19.90%20.54%20.63%20.32%19.82%19.21%19.45%19.17%19.34%19.64%19.29%20.94%
No. of Shareholders45,72849,42450,80550,10048,62047,94548,13946,81446,28945,28540,05040,672

Fundamentals

Market Cap₹ 2,549 Cr.
Current Price₹ 594
Stock P/E19.3
Book Value₹ 234
ROCE14.3 %
ROE12.2 %
Dividend Yield0.51 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)8%
Compounded Profit Growth (TTM)29%
Consolidated figures.
Valuation
Market capRs 2,493 Cr
Enterprise valueRs 2,673 Cr
P/E (TTM)18.85x
Price to book2.48x
Price to sales1.55x
EV / EBITDA10.16x
EV / EBIT13.97x
EV / sales1.67x
Price to cash flow11.65x
Earnings yield5.30%
Dividend yield0.52%
P/E, 3-year average14.37x
P/B, 3-year average1.73x
P/E, 5-year average11.10x
P/B, 5-year average1.45x
Profitability
Operating margin (excl. other income)16.09%
Operating margin (incl. other income)16.30%
EBITDA margin16.40%
Pre-tax margin11.10%
Net profit margin8.24%
Net margin, latest quarter8.13%
ROE12.28%
ROCE14.36%
ROA8.11%
ROE, 3-year average12.69%
ROCE, 3-year average14.62%
ROA, 3-year average8.25%
ROE, 5-year average14.78%
ROCE, 5-year average16.49%
ROA, 5-year average9.08%
ROIC (approx.)11.99%
Tax rate25.82%
Other income / net worth0.30%
Growth
Sales growth (latest year)-3.98%
Profit growth (latest year)9.21%
Sales CAGR, 3 years-2.25%
Sales CAGR, 5 years10.69%
Profit CAGR, 3 years-3.52%
Profit CAGR, 5 years10.62%
Sales growth QoQ14.48%
Profit growth QoQ24.17%
Sales growth YoY (latest quarter)36.67%
Profit growth YoY (latest quarter)66.46%
Per share
EPS (TTM)Rs 30.80
EPS (latest year)Rs 27.24
EPS (latest quarter)Rs 8.91
EPS, 3-year averageRs 25.16
EPS, 5-year averageRs 35.50
Book value per shareRs 233.89
Sales per shareRs 373.78
Cash flow per shareRs 49.83
Free cash flow per shareRs 13.04
Dividend per share (latest year)Rs 3.00
Dividend per share, 3-year averageRs 2.67
Dividend per share, 5-year averageRs 3.80
Dividends
Dividend payout11.01%
Dividend payout, 3-year average10.54%
Dividend payout, 5-year average10.73%
Efficiency
Asset turnover0.97x
Fixed asset turnover3.22x
Inventory turnover4.22x
Inventory days87 days
Debtor days151 days
Debtors turnover2.42x
Creditor days129 days
Cash conversion cycle139 days
Working capital days133 days
Leverage
Total debtRs 218 Cr
Cash and bankRs 38 Cr
Net debtRs 180 Cr
Debt to equity0.22x
Net debt / EBITDA0.68x
Interest coverage14.41x
Current ratio (filing 2026-03-31)2.37x
Quick ratio (filing 2026-03-31)1.78x
Trade payables (filing 2026-03-31)Rs 272 Cr
Owners' fund to total sources66.05%
Debt to assets14.35%
Cash flow
Cash from Operating Activity (latest year)Rs 214 Cr
Cash from Investing Activity (latest year)Rs -155 Cr
Cash from Financing Activity (latest year)Rs -66 Cr
Net Cash Flow (latest year)Rs -7 Cr
Free cash flow (latest year)Rs 56 Cr
FCFE (approx.: FCF + change in debt)Rs 15 Cr
Cash from ops / profit, 5 years1.01x
Sales to cash flow6.91x
Statement figures
Net sales (TTM)Rs 1,605 Cr
Net sales (latest year)Rs 1,478 Cr
Sales (latest quarter)Rs 470 Cr
Operating profit excl. other income (latest year)Rs 238 Cr
Operating profit (latest quarter)Rs 72 Cr
Other income (TTM)Rs 3 Cr
EBITDA (TTM)Rs 263 Cr
PBDT (TTM)Rs 250 Cr
Profit before tax (TTM)Rs 178 Cr
Tax (latest year)Rs 41 Cr
Net profit (TTM)Rs 132 Cr
Net profit (latest year)Rs 117 Cr
Net profit (latest quarter)Rs 38 Cr
Depreciation (TTM)Rs 72 Cr
Depreciation (latest quarter)Rs 18 Cr
Interest (TTM)Rs 13 Cr
Cost of goods sold (latest year)Rs 1,045 Cr
Total expenditure (latest year)Rs 1,240 Cr
Total income (latest year)Rs 1,481 Cr
Share capitalRs 43 Cr
ReservesRs 961 Cr
Shareholders' fundsRs 1,004 Cr
Total assetsRs 1,520 Cr
Net blockRs 459 Cr
Capital work in progressRs 35 Cr
ReceivablesRs 611 Cr
InventoryRs 248 Cr
Other liabilitiesRs 298 Cr
Shares outstanding (crore)4.29
Ownership
Promoter holding65.78% (-3.17 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 18.9 is at the 78th percentile of its own 9.4-year range (median 15.4, low 4.6, high 40.2).
P/B 2.48 is at the 72th percentile (median 2.12).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodGNANifty 50Difference
1 week-6.4%-2.8% -3.6 pts
1 month+9.1%-6.8% +15.9 pts
3 months+24.6%-7.6% +32.2 pts
6 months+62.8%+0.4% +62.4 pts
1 year+82.6%-9.9% +92.5 pts
2 years+25.1%-13.6% +38.7 pts
3 years+23.3%+14.2% +9.2 pts
5 years+22.1%+27.9% -5.7 pts
12 mutual fund schemes hold about ₹302 Cr. Over three months 5 bought more and 5 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Small Cap Fund0.42%177 -5%
Bank of India Small Cap Fund1.21%40 +100%
HDFC Retirement Fund-Equity Plan0.52%36 -4%
ICICI Pru Transportation and Logistics Fund0.24%10 -66%
HDFC Retirement Fund-Hybrid-Equity Plan0.54%9 -1%
ICICI Pru Exports & Services Fund0.53%8 +60%
ICICI Pru Exports & Services Fund0.53%8 +60%
Quantum Small Cap Fund2.40%6 +80%
Groww Small Cap Fund0.72%5 -44%
iSIF Equity Long-Short Fund0.67%3 +335%
Groww Value Fund(M0.00%0 -100%
ICICI Pru Conservative Hybrid Fund0.00%0 -100%

Red flags

F-score 6 of 8
lookInventory outrunning sales Inventory grew 28% vs sales -4% in 2026
lookOn NSE surveillance On NSE surveillance: ASM long-term
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-09-23Maninder Singh SeehraPromoter groupsell1,082,106SAST Others
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹470 Cr +36.6% vs Jun 2025. Net profit ₹38 Cr +65.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-06-23Dividend - Rs 3 Per Share
2025-06-23Annual General Meeting/Dividend - Rs 3 Per Share
2024-09-06Dividend - Rs 2 Per Share
2023-09-01Dividend - Rs 6 Per Share
2023-09-01Bonus 1:10.5000
2022-09-12Annual General Meeting/Dividend - Rs 5 Per Share
2021-09-09 Dividend - Rs 2.50 Per Share/ Special Dividend - Rs 2.50 Per Share
2020-09-07 Annual General Meeting
2019-08-14 Annual General Meeting/Dividend - Rs 2.75 Per Share
2019-04-16 Extra Ordinary General Meeting
2018-09-06 Annual General Meeting/Dividend- Rs 2 Per Share
2017-08-28 Annual General Meeting
DateTypeWhat it says
2026-07-25Shareholder meetingWith copy of minutes of Annual General Meeting held on Jun 30, 2026
2026-07-22Clarification - Financial ReThe Exchange has sought clarification from GNA Axles Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obli...
2026-07-17Structural Digital DatabaseThe SDD certificate for June 2026 is attached
2026-07-16Board meeting outcomeGNA Axles Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-06-30Shareholder meetingGNA Axles Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on Jun 30, 2026
2026-06-30Shareholder meetingProceedings of Annual General Meeting held on Jun 30, 2026
2026-06-30Shareholder meetingGNA Axles Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on Jun 30, 2025
2026-06-30Disclosure under SEBI TakeovJasvinder Singh has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial A...
2026-06-29Disclosure under SEBI TakeovGNA Axles Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial...
2026-06-27UpdatesDiscsloureReceived from Mr. Maninder Singh Part of Promoter Group and Executive Director of the Company.
2026-06-08CorrigendumCorrigendum to Other : Annual Report for the Financial Year 2025-2026
2026-05-08DividendBoard of Directors at its meeting held on May 08, 2026, recommended Final Dividend of Rs. 3 per equity share.
2026-05-08Record DateRecord date for the purpose of Dividend & Meeting is 23-Jun-2026.
2026-05-08Board meeting outcomeOutcome of Board Meeting held on May 08, 2026.
2026-05-08Board meeting outcomeGNA Axles Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-04-15Structural Digital DatabaseThe SDD Certificate for the quarter ended March 31, 2026
2026-03-14Shareholder meetingVoting results of Postal Ballot
2026-03-14Shareholder meetingGNA Axles Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
2026-02-11Shareholder meetingNotice of Postal Ballot
2026-02-06Board meeting outcomeOutcome of Board Meeting held on February 06, 2026.
2026-02-06Board meeting outcomeGNA Axles Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
2026-01-09Price movementSignificant movement in price has been observed in GNA Axles Limited. The Exchange, in order to ensure that investors have latest relevant information...
2026-01-08Price movementSignificant movement in price has been observed in GNA Axles Limited. The Exchange, in order to ensure that investors have latest relevant information...
2026-01-06Clarification - Financial ReThe Exchange has sought clarification from GNA Axles Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (Listing Obli...
2025-11-20General UpdatesBoard Comments on fine levied by Exchange
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Long Term Additional Surveillance Measure (Long Term ASM): stage 1
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03