GNA Axles Ltd.

NSE: GNA | BSE: 540124 | ISIN: INE934S01014 |Industry: Auto Parts & Equipment
|Turnaround Potential

GNA Axles Ltd.    
08 Sep 2016
G N A Axles Limited Update

Incorporated 1993, G N AAxles Ltd is India based manufacturers of rear axle shafts, other shafts and spindles used in on-highway and off-highway vehicular segments in India. The company is engaged in manufactures and sells auto components for the four-wheeler industry. It manufactures and supplies a range of rear axle shafts, other shafts, and spindles for the onhighway segment vehicles, including light commercial vehicles, medium commercial vehicles, and heavy commercial vehicles, as well as other transport vehicles, such as buses. GNA Axles exports their products to various countries, including the United States, Sweden, Turkey, Brazil, Italy, Germany, Spain, Mexico, Japan, the United Kingdom, France, China, and Australia. They have two manufacturing facilities: Unit I located in village Mehtiana, district Hoshiarpur, Punjab and Unit II located at village Gulabgarh Jattan, district Kapurthala, Punjab.

Valuation : Considering the P/E valuation on the upper end of the price band of Rs. 207, the stock is priced at pre issue P/E of 12.11x on its FY16 EPS of Rs. 17.10. Post issue, the stock is priced at a P/E of 17.13 x on its EPS of Rs. 12.08. Looking at the P/B ratio at Rs. 207 the stock is priced at P/B ratio of 2.27x on the pre issue book value of Rs.91.18 and on the post issue book value of Rs. 125.17 the P/B comes out to 1.65x. On the lower end of the price band of Rs.205 the stock is priced at pre issue P/E of 11.99x on its FY16 EPS of Rs. 17.10.Post issue, the stock is priced at a P/E of 16.97x on its EPS of Rs. 12.08. Looking at the P/B ratio at Rs. 205, the stock is priced at P/B ratio of 2.25x on the pre issue book value of Rs. 91.18 and on the post issue book value of Rs. 125.17 , the P/B comes out to 1.64x.

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Edelweiss increased Buy price target of GNA Axles Ltd. to 368.0 on 15 Oct, 2020.
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