Axles India Ltd | Latest Share Price & Updates


₹ 155


₹ 210

Fairly Valued

Company Overview

Axles India Limited is a joint venture between between Wheels India , Sundaram Finance and Dana Holding Corporation USA. Axles India Limited is engaged in business of manufacturing of axles housing for medium and heavy commercial vehicles. The Axle Housings has production capacity of 280,000 Axle housings p.a, at Sriperumbudur and Cheyyar.

The customer base – Tata Motors, Volvo, Ashok Leyland, Daimler, DNA, M&M, Suzuki, etc.

Symbol:Axles India Limited
Face Value (₹):10
Demat Status:NSDL & CDSL
Lot Size:75 Shares

Board of Directors

NameDesignation Profile
Mr. S. RamChairmanNA Final 1
Mr. V. MadhavanManaging Directorlinkedin
Mr. Srivats RamDirectorNA Final 1
Mr. Rafael AquiqueDirectorNA Final 1
Mr. Saket SapraDirectorNA Final 1
Mr. Jamie MartelDirectorlinkedin
Ms. Radha UnniDirectorNA Final 1
Mr. Jason MillerDirectorNA Final 1

Key Business Highlights

  • PAT has increased by 13% on CAGR growth over 10 years (2011 to 2020).
  • Consistent Dividend paying company.
  • Export sales during the year to DANA USA increased to 74,500 from 47,000 and to Thailand and Japan 3060 from 3300.
  • Sales of Housings to domestic market was 137500 units in 2020.


Operating Margin8%1%
Net Profit Margin6%1%
Return on Equity19%2%
Current Ratio1.631.42
Dividend Payout Ratio30%0%

Financial Highlights

Total Income (₹ Crores) 572.37312.02408.62621.05483.86
PAT (₹ Crores) 33.832.9612.1738.0622.31
Diluted EPS
Book Value per Share (₹) 68.8153.1653.6953.9942.73
Equity (₹ Crores) 175.40135.52136.85137.61108.92

Financial Charts

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Historical Chart

Shareholding Pattern

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Peer Comparison

CompanyMarket Cap (₹ Crores)Profitability Margin (%)ROCE (%)ROE (%)D/E RatioP/E RatioP/B RatioBook Value per Share (₹)
AXLES INDIA LTD382.365.91%24.49%19.29%0.0611.302.1868.81
AUTOMOTIVE AXLES LTD3121.004.98%15.82%11.97%0.0234.844.18410.97
GNA AXLES LTD1221.006.98%20.51%14.91%0.3511.801.76277.29

Media Updates

“Bonus Share Issue Propose in June 2021.”

The Board of Directors, at its meeting held on 14th June, 2021 has recommended for issuance of
bonus shares in the proportion of 1:2 [i.e.1 (One) new fully paid up equity share for every 2 (Two)
existing equity shares held].

Frequently Asked Questions (FAQs) on Axles India Unlisted Shares





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