Axles India Ltd | Latest Share Price & Updates
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
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.
“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].