G G Automotive Gears Ltd

G G Automotive Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

G G Automotive Gears Ltd

₹ 156 -0.45%
22 Nov - close price
ggautomotive.com BSE: 531399
About

Established in 1974, G.G. Automotive Gears Ltd is engaged in manufacturing of traction gears and pinions for electric and diesel locomotives.

Key Points

Product Portfolio: **
A) By Application:[1]
a) Railway Gears & Shafts: Axle Gear for ABB LOCO, Axle Gear for EMD LOCO, Engine Gears for EMD & GE LOCO and Pinions & Pinion shafts for EMD & GE
b) Forged Components & Machined Blanks: Available in 10-100 kg of Forged and Machined Blank
c) Industrial Gears & Gearboxes: Loose gears and complete assemblies
d) Mining & Earth-moving Equipment Spares: Spur, Helical, Straight Bevel, Spiral Bevel, Drive Shafts With Spline, Compound Gears, etc.
B) By Type:**[2]
Spur, Helical, Double Helical/Herringbone, Internal Rings, Mining Gears, Bevel/Spiral Bevel, Reduction Gear Boxes, Forged Component /Blank, Worm Gears

Website BSE
  • Market Cap ₹ 130 Cr.
  • Current Price ₹ 156
  • High / Low ₹ 180 / 76.0
  • Stock P/E 24.7
  • Book Value ₹ 48.0
  • Dividend Yield 0.00 %
  • ROCE 14.9 %
  • ROE 16.8 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company's working capital requirements have reduced from 105 days to 78.7 days

Cons

  • Stock is trading at 3.24 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding is low: 36.5%
  • Company has a low return on equity of 9.93% over last 3 years.
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
9.22 13.15 15.31 16.93 18.45 19.40 22.50 21.94 24.19 19.78 29.37 25.32 26.02
7.83 11.89 13.72 15.13 16.48 17.33 20.68 19.74 21.03 17.30 25.14 22.04 22.46
Operating Profit 1.39 1.26 1.59 1.80 1.97 2.07 1.82 2.20 3.16 2.48 4.23 3.28 3.56
OPM % 15.08% 9.58% 10.39% 10.63% 10.68% 10.67% 8.09% 10.03% 13.06% 12.54% 14.40% 12.95% 13.68%
0.02 0.03 0.14 0.07 0.03 0.04 0.24 0.17 0.03 0.07 0.16 0.07 0.42
Interest 0.54 0.64 0.62 0.63 0.59 0.64 0.77 0.50 0.45 0.61 0.67 0.76 0.51
Depreciation 0.76 0.80 0.90 0.83 0.87 0.86 1.04 0.90 1.19 0.77 1.05 1.05 1.08
Profit before tax 0.11 -0.15 0.21 0.41 0.54 0.61 0.25 0.97 1.55 1.17 2.67 1.54 2.39
Tax % 72.73% -26.67% -14.29% 24.39% 9.26% 8.20% -132.00% 15.46% 12.90% 12.82% 53.56% 19.48% 27.20%
0.03 -0.12 0.25 0.31 0.49 0.57 0.57 0.82 1.35 1.02 1.24 1.24 1.74
EPS in Rs 0.04 -0.15 0.32 0.39 0.62 0.72 0.72 1.04 1.71 1.22 1.49 1.49 2.09
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
29 25 22 21 28 42 54 56 30 48 77 92 100
24 22 20 19 25 34 45 47 28 42 69 80 87
Operating Profit 6 3 2 2 3 8 9 9 2 6 8 12 14
OPM % 19% 13% 10% 9% 11% 19% 17% 15% 6% 12% 10% 13% 13%
0 0 0 0 0 0 1 0 0 0 0 0 1
Interest 1 1 1 0 1 2 2 3 2 2 3 2 3
Depreciation 2 2 1 1 2 3 3 3 3 3 4 4 4
Profit before tax 2 1 1 1 1 4 5 3 -3 0 2 6 8
Tax % 23% 34% 32% 52% 7% 27% 23% 42% -16% 2% -7% 30%
2 1 0 0 1 3 4 2 -2 0 2 4 5
EPS in Rs 2.40 0.77 0.59 0.32 1.01 3.32 4.55 2.19 -3.11 0.53 2.45 5.32 6.29
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 14%
5 Years: 11%
3 Years: 45%
TTM: 14%
Compounded Profit Growth
10 Years: 22%
5 Years: 4%
3 Years: 56%
TTM: 58%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 143%
1 Year: 59%
Return on Equity
10 Years: 7%
5 Years: 5%
3 Years: 10%
Last Year: 17%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 8 8 8 8 8 8 8 8 8 8 8 8 10
Reserves 5 5 6 6 7 9 13 15 12 12 14 21 30
12 10 6 6 10 29 29 26 27 32 34 27 23
10 7 8 8 8 11 14 18 7 12 15 24 23
Total Liabilities 34 31 28 28 34 57 64 66 54 65 71 81 86
15 14 13 15 18 32 30 31 32 31 37 38 42
CWIP 0 0 0 0 0 0 0 0 0 1 0 1 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
20 17 15 13 15 25 34 36 22 33 35 41 44
Total Assets 34 31 28 28 34 57 64 66 54 65 71 81 86

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
5 4 1 3 5 6 1 11 3 5 5 12
-1 -0 -1 -3 -4 -16 -2 -2 -4 -8 -4 -7
-5 -2 -2 -0 -1 11 -2 -7 -1 3 -0 -4
Net Cash Flow -1 2 -2 -1 0 1 -2 2 -2 -0 0 1

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 148 140 148 141 81 91 115 86 92 71 75 91
Inventory Days 115 89 114 106 139 101 61 113 129 169 121 98
Days Payable 150 123 143 138 97 139 132 172 93 126 85 109
Cash Conversion Cycle 113 107 120 109 123 54 45 27 128 114 111 80
Working Capital Days 111 116 111 90 104 83 104 85 199 140 96 79
ROCE % 16% 7% 6% 5% 7% 15% 15% 12% -2% 6% 8% 15%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
30.71% 30.71% 30.71% 30.72% 31.55% 32.18% 32.67% 32.80% 36.14% 36.14% 36.14% 36.49%
69.29% 69.29% 69.29% 69.30% 68.45% 67.84% 67.33% 67.21% 63.86% 63.85% 63.85% 63.52%
No. of Shareholders 5,1104,9284,8224,7544,7024,7094,7725,0245,3206,1366,2406,385

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