Automotive Axles
- Market cap
- ₹ 2,402 Cr.
- P/E
- 13x
- P/B
- 2.16x
- 52-week range
- 1,520 – 2,115
- ROE
- 16%
- ROCE
- 22%
- Dividend yield
- 2%
- Debt / equity
- 0.01
- Sector
- Auto Components
- Industry
- Auto Components & Equipments
- Listed on
- NSE, BSE
About
Automotive Axles Limited is an India-based company, which is primarily engaged in manufacturing of axles and brakes at Mysore, Rudrapur and Jamshedpur. The Company's products include drive axles, front steer axles, defense axles, off-highway axles, non-drive axles, drum brake and disc brake. It provides these products to the domestic and global manufacturers of trucks and buses pertaining to segments, such as light, medium and heavy commercial vehicles, military and off-highway vehicles, and aftermarket. It is specialized in precision gear manufacturing with capabilities for spiral, straight, and hypoid bevel gears. Its non-drive axle products include tag axle and trailer axle. Its front steer axle products include FG945, FH941and FH946. Its disc brake product is ELSA 225. Its drive axles products include MS04, MS06 100, MS08 120, MS13 145, MS13 1496, MS13 1497, MT36 610, and more.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Auto Components & Equipments: 155 companies →Automotive Axles against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)13 against a typical 27.4: cheaper than most peers (1st = cheapest).24th of 153
- Sales growth+5.7% against a typical +20.7% from a year earlier.121st of 142
- Profit growth+27.8% against a typical +15.3% from a year earlier.54th of 127
- Share price, 3 months−11.7% against a typical −4.4%.97th of 142
- Size₹ 2,402.5 Cr. market value against a typical ₹ 728 Cr. (1st = largest).44th of 138
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA- /[ICRA]A1+ | Stable | 2 Feb 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 2 Feb 2026 | Reaffirmed | [ICRA]AA- /[ICRA]A1+ | — | ICRA | ₹ 135 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 5 Aug 2026 | Financial Results | To consider and approve the Unaudited Financial Results for the period ended Jun 30, 2026 |
| 19 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 4 Feb 2026 | Financial Results/Other business matters | To consider and approve the Unaudited financial results for the period ended December 31, 2025 and other business matters |
| 30 Oct 2025 | Financial Results | To consider and approve the Unaudited financial results for the Quarter and Half year ended September 30, 2025 |
| 5 Aug 2025 | Financial Results | To consider and approve the Unaudited Financial Results for the period ended Jun 30, 2025 |
| 20 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 584 | 541 | 572 | 492 | 495 | 531 | 560 | 489 | 462 | 562 | 664 | 517 |
| Expenses | 518 | 483 | 508 | 444 | 444 | 473 | 497 | 442 | 413 | 498 | 587 | 457 |
| Operating Profit | 66 | 58 | 64 | 49 | 51 | 57 | 63 | 48 | 48 | 64 | 77 | 60 |
| OPM % | 11% | 11% | 11% | 10% | 10% | 11% | 11% | 10% | 10% | 11% | 12% | 12% |
| Other Income | 4 | 4 | 5 | 6 | 6 | 6 | 9 | 9 | 9 | −3 | 6 | 10 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 9 | 9 | 9 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 10 | 9 |
| Profit before tax | 60 | 53 | 59 | 46 | 48 | 54 | 62 | 48 | 48 | 51 | 72 | 61 |
| Tax % | 25% | 26% | 25% | 26% | 26% | 27% | 26% | 26% | 25% | 24% | 25% | 26% |
| Net Profit | 45 | 39 | 44 | 34 | 36 | 40 | 46 | 36 | 36 | 39 | 54 | 46 |
| EPS in Rs | 29.84 | 25.91 | 29.18 | 22.53 | 23.8 | 26.19 | 30.39 | 23.64 | 23.79 | 25.68 | 35.66 | 30.17 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 7%
- 5 Years
- 19%
- 3 Years
- −2%
- TTM
- 6%
- 10 Years
- 17%
- 5 Years
- 46%
- 3 Years
- 1%
- TTM
- 16%
- 10 Years
- 11%
- 5 Years
- 7%
- 3 Years
- −7%
- TTM
- —
- 10 Years
- 16%
- 5 Years
- 18%
- 3 Years
- 17%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Automotive Axles | ₹ 1,594.40 | ₹ 2,402 Cr. | 13x | 2.2x | 16% | — |
| Samvardhana Motherson International | ₹ 151.00 | ₹ 1,59,367 Cr. | 35.1x | 3.7x | 10.2% | 3.2% |
| Cummins India | ₹ 4,338.90 | ₹ 1,20,274 Cr. | 62.3x | 17.8x | 29.5% | 19.5% |
| Bosch | ₹ 44,045.85 | ₹ 1,29,918 Cr. | 51.3x | 8.1x | 19.4% | 13.8% |
| UNO Minda | ₹ 1,052.00 | ₹ 60,749 Cr. | 54.8x | 9.8x | 19.1% | 6.5% |
| Sona Blw Precision Forgings | ₹ 752.80 | ₹ 46,984 Cr. | 64.6x | 7.3x | 11.2% | 14.1% |
Management
- Nagaraja Sadashiva Murthy Gargeshwari
- President, Whole-Time Director
- Raman K.
- Interim Chief Financial Officer
- Debadas Panda
- Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.