Gabriel India Ltd. share price target

Growing Automobile Demand Leaves A Sustainable Opportunity for Gabriel: Increase in production volumes of commercial vehicles by 67% YoY during Q1FY19 translated into higher revenue growth by 22.9%.

Gabriel India reported Total revenues of Rs 499 cr, the EBIDTA stood at Rs 49 cr with EBIDTA margin at 9.8%. Total Comprehensive Income was reported at Rs 27 cr.

Revenue during Q3FY18 was recorded at Rs. 4,452 Mn vs Rs. 3,721 Mn in Q3FY17, marking a growth of 19.6% YoY. All the product segments of the company outperformed the industry growth rate during the period. The company reported subdued margins during the quarter, recorded at 8.9% vs 9.4% in Q3FY17. This resulted from a surge in employee & other expenditure coupled with a lower share of business accruing from aftermarket & exports vertical.

Gabriel India reported Total revenues of Rs 447 cr (20% YoY & 5%QoQ)), the EBIDTA stood at Rs 42 cr (18% annually & 11% QoQ) with EBIDTA margin at 9.3% (contraction of 10 bps (YoY).

Sector: Auto-ancillary /Mid-Cap | Earnings Update 3QFY18 Background: Gabriel India Ltd. is the flagship company of Anand Group, offering the widest range of ride control products including shock absorbers, struts, and front forks. The Company commenced operations in 1961, with a single plant in Mulund, Mumbai and has grown manifold, currently it has nine manufacturing facilities spread across the country with strong 500 dealer network and 10,000 retail outlets. The company has strong R&D; capabilities with over 43 patents in products and process. GIL has technical collaboration with global majors such as KYB (Japan), KYBSE (Spain), Yamaha Motors Hydraulic System Company and KONI....

Gabriel India reported Total revenues of Rs 447 cr (20% YoY & 5%QoQ)), the EBIDTA stood at Rs 42 cr (18% annually & 11% QoQ) with EBIDTA margin at 9.3% (contraction of 10 bps (YoY).

Gabriel India reported Total revenues of Rs 473 cr (9% YoY & 1%QoQ)), the EBIDTA stood at Rs 47 cr (19% annually & 17% QoQ) with EBIDTA margin at 9.9% (expansion of 80 bps (YoY).

Gabriel India reported Total revenues of Rs 461 cr, the EBIDTA stood at Rs 41 cr with EBIDTA margin at 8.7% (contraction of 28 bps (YoY).