As of 6 Nov 2026, GNA Axles trades at 16.7× trailing earnings, below the industry P/E of 25.6×, and the shares are 13% below their 52-week high. It earns ROCE of 15% and ROE of 14%, and sales and net profit fell 2.5% and 3.5% a year over 3 years. Its dividend yield is 0.5%, and debt is 0.22× equity. It is a small-cap company with a market cap of ₹2,425 Cr, ranked 55th of 140 Auto Parts companies by market cap; the shares rose 74% over the past year.
- ₹548.85
- ₹575.60
- ₹535.10
- ₹556.45
- 2.6 L
Health check
- ReturnsAhead
+73.9% over a year, better than 6 of 7 peers.
- Price tagCheaper
P/E 16.7 vs industry 25.6.
- GrowthShrinking
Sales −2.5%, profit −3.5% a year over 3 years.
- ProfitabilityAverage
ROCE 15.5% vs peer median 15.6%.
- Balance sheetSolid
Debt 0.22× equity, interest covered 13.7×, Piotroski 6 of 9.
- Red flags1 to check
Promoter stake down from 69.0% to 58.5%.
Small cap
Defensive
Key metrics
- Market cap
- ₹2,425 Cr
- Small cap
- P/E
- 16.7
- Industry 25.6
- Price to book
- 2.26
- Peers 8.75
- Dividend yield
- 0.53%
- ROE
- 14.4%
- Peers 12.3%
- ROCE
- 15.5%
- Peers 15.6%
- Debt to equity
- 0.22
- Debt ₹235 Cr
- EPS (TTM)
- ₹33.80
- Face value ₹10
- OPM (TTM)
- 15.8%
- Net margin 8.3%
- Sales growth
- +49.8%
- Latest quarter vs a year ago
- Profit growth
- +41.3%
- Latest quarter vs a year ago
- Price to sales
- 1.39
- EV/EBITDA 10.0
Strengths and risks
Strengths
- Quarterly profit up 41.3% on a year ago.
- Quarterly sales up 49.8% on a year ago.
- P/E of 16.7 against an industry P/E of 25.6.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Promoter stake down from 69.0% to 58.5%.
About GNA Axles
G N A Axles Limited manufactures automotive transmission components for original equipment manufacturers in North America, Europe, South America, Australia, and Asia. The company offers rear axle shafts, spindles, and drive shafts, as well as non-flanged shafts. Its products are used in commercial vehicles, passenger vehicles, and off-highway vehicles. The company was incorporated in 1993 and is based in Hoshiarpur, India.
- Headquarters
- Hoshiarpur
- Employees
- 1,702
- Sector
- Consumer Cyclical
- ISIN
- INE934S01014
- Website
- gnaaxles.in
Price range
- Avg volume (3M)
- 5.7 L
- 1-year return
- plus 73.9%
- From 52-week high
- minus 12.8%
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| GNAGNA Axles | 564.95 | plus 1.53% | 2,425 | 16.7 | 2.26 | 15.5% | 14.4% | 15.8% | −2.5% | −3.5% | 0.53% | plus 73.9% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.40% | 6.6% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 348 | 375 | 411 | 470 | 521 | |
| 287 | 306 | 354 | 398 | 440 | |
| 61.1 | 69.4 | 57.3 | 72.2 | 81.5 | |
| 17.6% | 18.5% | 13.9% | 15.4% | 15.6% | |
| 0.4 | 0.9 | 0.5 | 1.3 | 1 | |
| 3.1 | 3.9 | 2.6 | 3.7 | 3.6 | |
| 16.1 | 19 | 18.7 | 18.1 | 18.3 | |
| 42.4 | 47.4 | 36.5 | 51.8 | 60.6 | |
| 26.4% | 32.6% | 15.6% | 26.1% | 27.2% | |
| 31.2 | 32 | 30.8 | 38.3 | 44.1 | |
| 7.27 | 7.44 | 7.18 | 8.91 | 10.26 |
Profit & loss
- Sales CAGR 3Y
- −2.5%
- Profit CAGR 3Y
- −3.5%
- EPS CAGR 3Y
- −3.5%
- ROE
- 14.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,560 | 1,491 | 1,512 | 1,444 | |
| – | minus 4.4% | +1.5% | minus 4.5% | |
| 1,328 | 1,291 | 1,309 | 1,224 | |
| 231 | 200 | 203 | 220 | |
| 14.8% | 13.4% | 13.4% | 15.3% | |
| 1.4 | −1.5 | 8 | 19.5 | |
| 9.5 | 10.2 | 10.6 | 12.5 | |
| 48.5 | 53.3 | 57.1 | 70 | |
| −0 | −0 | 0.5 | 0.4 | |
| 175 | 135 | 144 | 158 | |
| 25.4% | 25.8% | 25.8% | 25.8% | |
| 130 | 100 | 107 | 117 | |
| – | minus 23.2% | +7.1% | +9.2% | |
| 30.33 | 23.28 | 24.94 | 27.24 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 21.5 | 42.9 | 42.9 | 42.9 | |
| 693 | 759 | 857 | 961 | |
| 203 | 213 | 259 | 218 | |
| 253 | 204 | 206 | 298 | |
| 1,171 | 1,219 | 1,365 | 1,520 | |
| 338 | 365 | 439 | 505 | |
| 32.3 | 20.4 | 33.4 | 46 | |
| 10.4 | 9.9 | – | – | |
| 27.2 | 32.6 | 32.2 | 37.9 | |
| 763 | 791 | 861 | 931 | |
| 1,171 | 1,219 | 1,365 | 1,520 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 105 | 98.4 | 92.1 | 214 | |
| −66.5 | −85.6 | −111 | −155 | |
| −38.9 | −12.9 | 26.2 | −66.1 | |
| 0.1 | −0.1 | 7.3 | −7 | |
| −75.4 | −88.7 | −111 | −158 | |
| 30 | 9.7 | −18.8 | 55.8 | |
| −10.7 | −12.9 | −8.6 | −12.9 |
Shareholding pattern
- Promoters58.47%
- Public41.53%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 58.47% | 41.53% | minus 7.31 | |
| 30 Jun 2026 | 65.78% | 34.22% | minus 2.65 | |
| 31 Mar 2026 | 68.43% | 31.57% | minus 0.15 | |
| 31 Dec 2025 | 68.58% | 31.42% | minus 0.37 | |
| 30 Sep 2025 | 68.95% | 31.05% | – |
Major shareholders
Filings & events
News
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