GNA Axles Ltd. share price target and research reports

12 Jan 2021, 12:00AM

Q3FY21 Result Update | GNA Axles Ltd

Buy: GNA Axles Ltd.

Target

Edelweiss

GNA Axles' (GNA) Q3FY21 performance was impressive due to remarkable rise in domestic CV business, strong growth in tractor and off-high way vehicle business and traction in international CV business

11 Jan 2021

GNA Axles (BUY): Strong Q3; estimates upgraded

Buy: GNA Axles Ltd.

BOB Capital Markets Ltd.

GNA Axles (GNA) posted a strong set of results in Q3FY21 with revenue up 29% YoY.

15 Oct 2020

GNA Axles Ltd | Q2FY21 Result Update

Buy: GNA Axles Ltd.

Target

Edelweiss

GNA Axles (GNA) reported strong improvement in profitability with highest ever EBITDA of 18.8% in Q2FY21.

29 Aug 2020

GNA Axles. Ltd. | Gearing for next level

Buy: GNA Axles Ltd.

Target

Edelweiss

GNA Axle (GNA) is a leading player in axle shafts and spindle manufacturing for heavy commercial vehicles and tractors in domestic market and has strong presence in export market.

23 Jul 2018

Result Review of GNA Axles

Buy: GNA Axles Ltd.

Recommendation Target

IDBI Capital

Net Revenue grew by +47% YoY / +4% QoQ to Rs2.1bn, marginally above our estimates. Domestic revenue grew +30% YoY / -2% QoQ to Rs1.0bn on account of higher volume from domestic tractor and M&HCV; goods segment. Export revenue grew +48% YoY / +9% QoQ to Rs1.0bn led by robust demand in NA/Europe truck market. Top-line performance driven by volume growth of tractor and NA/Europe truck market. Gross margin for the quarter declined -80 bps QoQ due to higher RM cost. RM cost for the quarter increased +58% YoY / +5% QoQ to Rs1.4 bn. EBITDA margin declined -90 bps YoY/ +50 bps QoQ. Adjusted PAT grew by +26% YoY / -15%...

30 May 2018

Result Review of GNA Axles

Accumulate: GNA Axles Ltd.

IDBI Capital

Net Revenue grew by +62% YoY / +23% QoQ to Rs20.4bn, above our consensus estimates. Domestic revenue grew +45% YoY / +23% QoQ to Rs1.1bn on account of higher volume from domestic tractor and M&HCV; goods segment. Export revenue grew +65% YoY / +23% QoQ to Rs932mn led by robust demand in NA class 8 market. Top-line performance driven by volume growth of tractor and NA Class 8 volumes. Tractor sales volume for the industry grew +44% YoY/ -4% QoQ to 170,847 units. NA Class 8 orders grew +104% YoY / +28% QoQ to 136,200 units. Gross margin for the quarter declined -380 bps QoQ due to higher RM cost. RM cost for the quarter...

30 May 2018

GNA Axle Ltd | Q4FY18 Result Update

Buy: GNA Axles Ltd.

Target

Edelweiss

GNA Axle Ltd (GNA) reported highest ever quarterly revenue of INR 205 cr in Q4FY18, an impressive growth of 62% yoy.

10 Apr 2018

Auto Ancillary - Sector Update report with Initiating Coverage on GNA Axles & MM Forging

Sector Update: GNA Axles Ltd.

IDBI Capital

We believe commercial vehicle (CV) sales are back on track driven by pent-up demand after GST kicked in, healthy replacement-led demand, especially in the tractor-trailer segment, and an uptick in construction and mining activity, driving demand for tipper trucks. With the sales of both LCV's & M&HCV;'s growing rapidly post implementation of GST, the overall CV segment growth should continue in FY19/FY20E. We believe sales of HCV's and demand for the 25TN and above segment will remain buoyant. Also factors such as stricter overloading norms and better fuel efficiency are aiding the shift to higher tonnage CV's. Due to better fuel efficiency...

23 Jan 2018

GNA Axle Ltd - Results Update Q3FY18

Results Update: GNA Axles Ltd.

Edelweiss

GNA Axle Ltd (GNA) reported revenue of INR 167 cr in Q3FY18, an impressive growth of 41% yoy. The growth was driven by robust performance in both domestic and exports business during the same period.

22 Jan 2018

Result Update Q3FY18 GNA Axles

Buy: GNA Axles Ltd.

Target

Religare

GNA Axles's total income and Net profit increased by 40.9% and 55.9% respectively on yoy basis. In 9MFY18, the company derived ~45% of its revenue from export market, the outlook for which remains healthy considering significant pickup in truck demand in North American markets. Also, domestic outlook for tractors and MH&CVs continues to remain strong.