* Ratio is calculated based on latest financial & current share price.
(All Amount in INR Millions)
(All Amount in INR Millions)
(All Amount in INR Millions)
Axels India is a Wheels India, Sundaram Finance, and Dana Holding Corporation, USA. They provide Axel Housings for medium and heavy commercial vehicles.
Axles India manufactures 3 products:
1)REAR AXLE HOUSINGS
Customers – Tata Motors, Ashok Leyland, Mahindra Trucks, SML Isuzu, VE Commercial, Daimler India, Dana India
2) TAG AXLE HOUSINGS
Customers – Ashok Leyland, VE Commercial, Mahindra, Daimler India, Volvo Trucks.
3)REAR AXLE HOUSINGS – EXPORTS
Customers – Dana, USA & Volvo Trucks Asia
Amount(In Rs Crores) |
FY 21-22 | FY 22-23 | FY 23-24 |
Revenue | 572.4 | 746 | 855.1 |
EBITDA | 56.3 | 83.8 | 130.2 |
Operating Profit Margin (%) | 2.61% | 9.49% | 11.39% |
Profit After Tax | 33.9 | 52.6 | 86.3 |
Earning Per Share | 13.3 | 20.7 |
33.9 |
A) Revenue Growth in 3-year
Axels India’s revenue has grown from Rs 572 crores in FY 21-22 to Rs 746 crores in FY 22-23. A 30.4% growth in 1 year. This grew by 14% the following year to Rs 855 crores in FY 23-24
This reflects the growth of operations for Axles India Ltd Unlisted Share price. .
B) EBITDA
Axels India’s EBITDA was Rs 56 crores in FY 21-22 which increased to 83.8 crores in FY 22-23. This further jumped in FY 23-24 to Rs 130.2 crores, growing in profitability.
C) Operating Profit Margin
The operating profit margin has grown in the last 3 years. In FY 21-22, the OPM was just 2.61%. This grew to 9.49% in FY 22-23 and 11.39% in FY 23-24. This reflects continuous growth in profitability for Axles India Ltd unlisted Shares.
D) Profit after Tax
Axels India’s profit grew from 33.9 crores in FY22 to 52.6 crores in FY23. This further grew in FY24 to Rs 86.3 crores. Thus reflecting a strong prospect for growth in Axles India Ltd unlisted Shares.
E) Earnings Per Share
Axels India gave an earning of Rs 13.3 per share in FY22. This grew in FY 23 to Rs 20.7. In FY 24 this further grew to 33.9 per share. Earnings per share and P/E Ratio effects affect the Axles India Ltd Unlisted Share price.
Thus based on the above financial observations, Axles India Ltd unlisted Shares can give significant investment growth to investors.
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