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+91-9599071664
+91-9599071664
Axles India Limited
DRHP Status : Not Filed
815
Current Price
815
Market Cap
1860.82 Cr
ISIN
INE701C01011
Face Value
10
P/E Ratio
21.57
EPS
33.84
P/B Ratio
2.18
Book Value
107.89
Debt to Equity Ratio
0.3
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 306 | 569 | 746 | 854 |
| Cost of Material Consumed | 216 | 362 | 478 | 576 |
| Gross Margins | 29.41 | 36.38 | 35.92 | 32.55 |
| Change in Inventory | -26 | 1 | -1 | -87 |
| Employee Benefit Expenses | 54 | 63 | 73 | 87 |
| Other Expenses | 54 | 89 | 111 | 149 |
| EBITDA | 8 | 54 | 85 | 129 |
| OPM | 2.61 | 9.49 | 11.39 | 15.11 |
| Other Income | 6 | 3 | 0 | 1 |
| Finance Cost | 0.6 | 0.4 | 1.4 | 1 |
| D&A | 9 | 11 | 12 | 13 |
| EBIT | -1 | 43 | 73 | 116 |
| EBIT Margins | -0.33 | 7.56 | 9.79 | 13.58 |
| PBT | 4 | 45 | 71 | 115 |
| PBT Margins | 1.31 | 7.91 | 9.52 | 13.47 |
| Tax | 1 | 11 | 18 | 29 |
| PAT | 3 | 34 | 53 | 86 |
| NPM | 0.98 | 5.98 | 7.1 | 10.07 |
| EPS | 1.18 | 13.34 | 20.79 | 33.74 |
Financial Ratios |
2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 2.61 | 9.49 | 11.39 | 15.11 |
| Net Profit Margin | 0.98 | 5.98 | 7.1 | 10.07 |
| Earning Per Share (Diluted) | 1.18 | 13.34 | 20.79 | 33.74 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 60 | 58 | 59 | 62 |
| CWIP | 0.8 | 1 | 0.8 | 7 |
| Investments | 0 | 0.5 | 0.5 | 2 |
| Trade Receivables | 145 | 174 | 215 | 202 |
| Inventory | 92 | 104 | 123 | 210 |
| Other Assets | 43.2 | 33.5 | 17.7 | 35 |
| Total Assets | 341 | 371 | 416 | 518 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 25.48 | 25.48 | 25.49 | 25.49 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 110 | 150 | 186 | 249 |
| Borrowings | 77 | 58 | 54 | 82 |
| Trade Payables | 91 | 103 | 112 | 122 |
| Other Liabilities | 37.52 | 34.52 | 38.51 | 39.51 |
| Total Liabilities | 341 | 371 | 416 | 518 |
Axles India Limited, a joint venture of Wheels India, Sundaram Finance, and Dana Holding Corporation, manufactures and supplies axle housings for medium and heavy commercial vehicles, with plants in Sriperumbudur and Cheyyar.
Strengths:
-
Strong Financial Health: AIL has demonstrated robust financial performance, with an interest coverage ratio projected to remain over 20x. This indicates a strong ability to meet interest obligations.
-
Experienced Management and Ownership: The company benefits from strong parentage, with Wheels India Limited holding a 9.5% stake. This association provides strategic advantages and industry expertise.
Weaknesses:
-
Employee Satisfaction Concerns: Employee reviews indicate areas for improvement, particularly regarding career growth and promotions, which have received low ratings.
-
Aging Equipment and Workload: Some employees have noted the presence of older machinery and a heavy workload, leading to stress and potential impacts on productivity and morale.
+91-9599071664
amit@unlistedkraft.com