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Last Updated on: 24 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of GNA Axles Ltd

About the Company - GNA Axles Ltd

GNA Axles Ltd. is a Public Limited Listed company incorporated on 06/09/1993 and has its registered office in the State of Punjab, India. Company’s Corporate Identification Number(CIN) is L29130PB1993PLC013684 and registration number is 013684. Currently company belongs to the Industry of Auto Ancl - Engine Parts. Company’s Total Operating Revenue is Rs. 1270.47 Cr. and Equity Capital is Rs. 21.47 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Auto Ancl - Engine PartsGNA House, Jalandhar Punjab 144001gjain@gnagroup.com
http://www.gnagroup.com
Management
NamePosition Held
Mr. Gursaran SinghExecutive Chairman
Mr. Jasvinder SinghExecutive Vice Chairman
Mr. Ranbir SinghManaging Director & CEO
Mr. Maninder SinghWhole Time Director
Mr. Harwinder SinghWhole Time Director
Mr. Kulwin SeehraWhole Time Director
Mr. Gurdeep SinghDirector
Air V M'shal (Retd.) S S HothiIndependent Director
Mrs. Pooja UppalIndependent Director
Mr. Rajan WadheraIndependent Director
Mr. Jasminder Singh JohalIndependent Director
Mr. Ajit SinghIndependent Director
Lt. Gen. (Retd.) Praveen BakshiIndependent Director
Mr. Ashwani Kumar MalhotraIndependent Director

Basic Stock Data of GNA Axles Ltd

Last Updated: June 17, 2024, 8:33 pm

Market Cap 1,746 Cr.
Current Price 407
High / Low583/357
Stock P/E17.5
Book Value 187
Dividend Yield1.48 %
ROCE15.3 %
ROE13.2 %
Face Value 10.0
PEG Ratio0.88

GNA Axles Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales276310329340301300375420404384374404357
Expenses228262274291263261325360341324315349310
Operating Profit48485448384051606359595547
OPM %17%16%17%14%13%13%13%14%16%15%16%14%13%
Other Income0100000000110
Interest2133323332332
Depreciation10101213131312131212121513
Profit before tax36374033232536454845453732
Tax %26%26%26%26%28%26%26%25%26%25%26%26%30%
Net Profit27282925171827333634332822
EPS in Rs6.216.446.875.713.894.236.317.788.347.937.736.445.23

Last Updated: June 6, 2024, 1:32 am

GNA Axles Ltd Quarterly Chart

GNA Axles Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales3993494034305095136709289098901,2701,5831,566
Expenses3473053533704264335677837847461,0901,3501,330
Operating Profit524451608280103145124144181233236
OPM %13%13%13%14%16%16%15%16%14%16%14%15%15%
Other Income0001033012112
Interest12131517161378149111111
Depreciation12141723272425354241504952
Profit before tax281818213947741037096121175176
Tax %39%73%28%-4%34%37%31%36%24%27%26%25%
Net Profit175132226305166537189130131
EPS in Rs5.591.594.387.138.576.9011.8615.3512.3016.4420.7030.3630.44
Dividend Payout %0%0%0%0%0%0%8%9%0%15%12%10%

GNA Axles Ltd Profit & Loss Yearly Chart

GNA Axles Ltd Growth

Compounded Sales Growth
10 Years:14%
5 Years:10%
3 Years:19%
TTM:-5%
Compounded Profit Growth
10 Years:22%
5 Years:9%
3 Years:12%
TTM:-23%
Stock Price CAGR
10 Years:%
5 Years:25%
3 Years:24%
1 Year:0%
Return on Equity
10 Years:16%
5 Years:15%
3 Years:16%
Last Year:13%

Last Updated: June 17, 2024, 3:03 pm

GNA Axles Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital15151515152121212121212143
Reserves59637698123275320380425496574693733
Borrowings85111134153139117142170194197222203198
Other Liabilities109128157160170163199211180245225252329
Total Liabilities2673183824264475776827828219601,0421,1711,303
Fixed Assets88108145159147132191229244295291306329
CWIP729240030166100126
Investments0000000000000
Other Assets172181213267299443492538515665751853967
Total Assets2673183824264475776827828219601,0421,1711,303

GNA Axles Ltd Reserves and Borrowings Chart

GNA Axles Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2840362774-9060721193341105
Cash from Investing Activity -23-54-61-14-16-8-78-88-123-28-46-66
Cash from Financing Activity -51524-13-589819164-54-39
Net Cash Flow-11-1-0-0-00-0-00-00

GNA Axles Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days7891101103116130128123119180136129
Inventory Days72838212010512613296901008265
Days Payable1271691631941771741571131021498878
Cash Conversion Cycle23419304482103107106130130116
Working Capital Days58646510767103121109106146135121
ROCE %27%17%16%15%20%17%18%21%14%15%17%21%

GNA Axles Ltd Financial Efficiency Indicators Chart

GNA Axles Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters67.51%67.51%67.52%67.52%67.52%67.88%67.94%67.96%68.08%68.09%68.15%68.15%
FIIs1.13%1.48%2.03%1.54%0.94%0.60%0.45%0.18%0.02%2.17%1.05%1.12%
DIIs12.45%11.10%10.14%9.04%8.34%8.77%9.78%10.63%11.19%11.91%11.32%10.83%
Public18.91%19.91%20.32%21.91%23.19%22.75%21.82%21.22%20.69%17.83%19.48%19.90%
No. of Shareholders20,80224,16527,47040,16346,93140,39538,62738,60535,95231,47836,17045,728

GNA Axles Ltd Shareholding Pattern Chart

No. of GNA Axles Ltd Shareholders

GNA Axles Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund - Regular Plan3,202,1020.54125.473,202,1022024-06-130%

GNA Axles Ltd ROCE Trend

GNA Axles Ltd EPS Trend

GNA Axles Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)23.2860.6641.3532.9024.56
Diluted EPS (Rs.)23.2860.6641.3532.9024.56
Cash EPS (Rs.)35.7183.2664.5151.8744.30
Book Value[Excl.RevalReserv]/Share (Rs.)186.69332.88277.29241.12208.15
Book Value[Incl.RevalReserv]/Share (Rs.)186.69332.88277.29241.12208.15
Revenue From Operations / Share (Rs.)350.86737.43591.87414.43423.48
PBDIT / Share (Rs.)46.51109.0684.5567.7058.59
PBIT / Share (Rs.)34.0986.4661.4048.7338.86
PBT / Share (Rs.)31.4081.3556.1644.7532.52
Net Profit / Share (Rs.)23.2860.6641.3532.9024.56
NP After MI And SOA / Share (Rs.)23.2860.6641.3532.9024.56
PBDIT Margin (%)13.2514.7814.2816.3313.83
PBIT Margin (%)9.7111.7210.3711.759.17
PBT Margin (%)8.9411.039.4810.797.68
Net Profit Margin (%)6.638.226.987.935.80
NP After MI And SOA Margin (%)6.638.226.987.935.80
Return on Networth / Equity (%)12.4718.2214.9113.6411.80
Return on Capital Employeed (%)17.6124.9220.5117.5915.08
Return On Assets (%)8.2011.128.517.366.42
Long Term Debt / Equity (X)0.030.040.070.140.23
Total Debt / Equity (X)0.230.260.340.330.36
Asset Turnover Ratio (%)1.261.431.270.991.13
Current Ratio (X)2.161.931.791.761.85
Quick Ratio (X)1.651.481.321.351.31
Inventory Turnover Ratio (X)5.245.615.103.563.84
Dividend Payout Ratio (NP) (%)0.008.2412.09-0.1913.49
Dividend Payout Ratio (CP) (%)0.006.007.75-0.127.48
Earning Retention Ratio (%)0.0091.7687.910.0086.51
Cash Earning Retention Ratio (%)0.0094.0092.250.0092.52
Interest Coverage Ratio (X)17.2921.3416.1617.009.25
Interest Coverage Ratio (Post Tax) (X)9.6612.878.909.264.88
Enterprise Value (Cr.)1791.601850.561247.95882.55442.03
EV / Net Operating Revenue (X)1.191.170.980.990.48
EV / EBITDA (X)8.977.906.886.073.51
MarketCap / Net Operating Revenue (X)1.091.070.820.820.33
Retention Ratios (%)0.0091.7587.900.0086.50
Price / BV (X)2.042.371.761.410.67
Price / Net Operating Revenue (X)1.091.070.820.820.33
EarningsYield0.060.070.080.090.17

GNA Axles Ltd Profitability Ratios (%)

GNA Axles Ltd Liquidity Ratios

GNA Axles Ltd Liquidity Ratios (%)

GNA Axles Ltd Interest Coverage Ratios (%)

GNA Axles Ltd Valuation Ratios

Fair Value

Fair Value: 438.36

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 7.71% compared to the current price 407

Intrinsic Value: 525.46

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 29.11% compared to the current price ₹407

Last 5 Year EPS CAGR: 19.87%

*Investments are subject to market risks

Strength and Weakness of GNA Axles Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 18.17%, which is a positive sign.
  2. The company has higher reserves (331.92 cr) compared to borrowings (158.85 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (461.77 cr) and profit (75.85 cr) over the years.
  1. The stock has a high average Working Capital Days of 100.17, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 74.50, which may not be favorable.

FAQ

What is the latest fair value of GNA Axles Ltd?

The latest fair value of GNA Axles Ltd is ₹438.36.

What is the Market Cap of GNA Axles Ltd?

The Market Cap of GNA Axles Ltd is 1,746 Cr..

What is the current Stock Price of GNA Axles Ltd as on 24 June 2024?

The current stock price of GNA Axles Ltd as on 24 June 2024 is ₹407.

What is the High / Low of GNA Axles Ltd stocks in FY 2024?

In FY 2024, the High / Low of GNA Axles Ltd stocks is 583/357.

What is the Stock P/E of GNA Axles Ltd?

The Stock P/E of GNA Axles Ltd is 17.5.

What is the Book Value of GNA Axles Ltd?

The Book Value of GNA Axles Ltd is 187.

What is the Dividend Yield of GNA Axles Ltd?

The Dividend Yield of GNA Axles Ltd is 1.48 %.

What is the ROCE of GNA Axles Ltd?

The ROCE of GNA Axles Ltd is 15.3 %.

What is the ROE of GNA Axles Ltd?

The ROE of GNA Axles Ltd is 13.2 %.

What is the Face Value of GNA Axles Ltd?

The Face Value of GNA Axles Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in GNA Axles Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE