Axles India Ltd - Unlisted Shares
Fundamentals
- Current Price
- ₹0
- Market Cap
- 0
- ISIN
- INE701C01011
- Face Value
- ₹10
- P/E Ratio
- 0
- EPS
- ₹33.85
- P/B Ratio
- 0
- Book Value
- 82.83
- Debt / Equity Ratio
- 0.25
Key Financials
Profit & Loss
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue from Operations | 853.88 | 746.35 | 569.56 | 404.78 | 306.05 |
| Growth % | 14.41% | 31.04% | 40.71% | 32.26% | - |
| Operating Expenses | 724.87 | 662.04 | 516.08 | 381.70 | 298.31 |
| Growth % | 9.49% | 28.28% | 35.20% | 27.95% | - |
| Operating Profit | 129.01 | 84.31 | 53.49 | 23.08 | 7.74 |
| Op. Profit Margin % | 15.11% | 11.30% | 9.39% | 5.70% | 2.53% |
| Other Income | 1.22 | -0.42 | 2.81 | 3.85 | 5.97 |
| Finance Costs | 1.34 | 1.48 | 0.47 | 1.76 | 0.63 |
| Depreciation | 13.40 | 11.68 | 10.65 | 11.19 | 9.03 |
| Profit Before Tax | 115.49 | 70.73 | 45.18 | 13.97 | 4.04 |
| Tax | 29.2 | 18.09 | 11.35 | 1.80 | 1.08 |
| Tax % | 3.42% | 2.42% | 1.99% | 0.44% | 0.35% |
| Profit After Tax | 86.27 | 52.64 | 33.83 | 12.17 | 2.96 |
| Growth % | 63.89% | 55.59% | 178.02% | 311.01% | - |
| PAT % | 10.10% | 7.05% | 5.94% | 3.01% | 0.97% |
| Diluted EPS | 33.85 | 20.66 | 13.28 | 4.52 | 0.98 |
Company Financials
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Equity Capital | 25.49 | 25.49 | 25.49 | 25.49 | 25.49 |
| Reserves | 249.53 | 185.64 | 149.91 | 110.03 | 111.36 |
| Total Equity | 275.02 | 211.13 | 175.40 | 135.52 | 136.85 |
| Borrowings | 8.79 | 0.09 | - | - | - |
| Provision | - | - | - | 4.83 | 4.26 |
| Other Non-Current Liabilities | 8.89 | 10.15 | 3.51 | 5.41 | 5.41 |
| Total Non current Liabilities | 17.68 | 10.24 | 3.51 | 10.24 | 9.67 |
| Borrowings | 73.67 | 53.61 | 58.04 | 77.01 | 47.00 |
| Other Current Liabilities | 152.29 | 141.48 | 134.13 | 117.89 | 64.60 |
| Total current Liabilities | 225.96 | 195.09 | 192.17 | 194.90 | 111.60 |
| Equity + Liabilities | 518.66 | 416.46 | 371.09 | 340.66 | 258.11 |
| Fixed Assets (incl. WIP) | 70.40 | 60.37 | 60.08 | 61.22 | 67.86 |
| Other Non Current Assets | 17.77 | 8.83 | 10.67 | 3.06 | 3.52 |
| Total Non current Assets | 88.17 | 69.20 | 70.75 | 64.29 | 71.37 |
| Trade Receivables | 202.58 | 215.02 | 173.94 | 144.93 | 91.42 |
| Cash & Cash Equivalents | 10.50 | 5.88 | 16.88 | 32.48 | 40.35 |
| Other Current Assets | 217.41 | 126.36 | 109.51 | 98.95 | 54.97 |
| Total current Assets | 430.49 | 347.26 | 300.34 | 276.37 | 186.74 |
| Total Assets | 518.66 | 416.46 | 371.09 | 340.66 | 258.11 |
Shareholding Pattern
- Dana global products
- 48.33%
- sundaram finance holdings
- 38.82%
- wheels india
- 9.51%
- other
- 3.33%
Strengths & Weaknesses
Strengths
- Strong Market Position & Growth – Axles India recorded a significant increase in sales, reaching ₹853.88 crore in FY 2023-24 compared to ₹746.35 crore in the previous year.
- Consistent Profitability – The company achieved a profit after tax (PAT) of ₹86.27 crore, demonstrating strong financial performance.
- Export Success – The company expanded its exports to 1,12,000 axle housings, up from 87,000 in the previous year, showcasing global demand for its products.
- Technological Innovation – Axles India continues investing in energy-efficient manufacturing and green initiatives, including LED lighting, battery-operated forklifts, and smart energy management systems
Weaknesses
- Supply Chain & Logistics Challenges – The company has had to reroute shipments due to logistical constraints, which may impact timely deliveries.
- Domestic Market Fluctuations – The M&HCV (Medium & Heavy Commercial Vehicle) sector may experience a slowdown due to stock adjustments, affecting local demand.
- Dependence on Key Export Markets – A significant portion of revenue comes from exports to the USA and Mexico, making the company vulnerable to global economic fluctuations.
- Limited Product Diversification – While excelling in axle housings, Axles India may need to expand into other automotive components to reduce dependency on a single product category.
About Axles India Ltd
Axles India Limited is a leading manufacturer specializing in axle housings for commercial vehicles.
Board of Directors
- Srivats Ram - director
- Rafael Aquique - director
- Gajanan Gandhe - director
- Sandeep Khullar (from 09-08-2023) - director
- Saket Sapra (upto 09-08-2023) - director
- Radha Unni (upto 30-11-2023) - director
Senior Management
- S Ram - Chairman
- V Madhavan - Managing Director