Unlisted Shares
Axles India Limited Unlisted Shares
Axles India Limited (Unlisted)
Verified Unlisted CompanyOff-market Transfer · NSDL / CDSL
About Axles India Limited Unlisted Shares
Axles India Limited is a leading manufacturer of axle housings and components for commercial vehicles in India. Established in 1982 as a joint venture between Wheels India Limited (TVS Group) and Dana Incorporated (USA), the company supplies critical drivetrain components to major OEMs. It has built a strong reputation for quality, engineering capability, and long-term relationships with commercial vehicle manufacturers.
Share Details
| company Name | Axles India Limited (Unlisted) |
| indicative Unlisted Share Price | ₹844 |
| market Capitalization | ₹700–750 Crore (Approx) |
| lot Size | 100 |
| 52 Week High | ₹160 |
| 52 Week Low | ₹130 |
| face Value | ₹10 |
| book Value | ₹220 (Approx) |
| pe Ratio | 6–8 (Estimated) |
| pb Ratio | 0.65 |
| debt To Equity | 0.3 |
| return On Equity | 10–12% |
| total Outstanding Shares | Approx 4.8 Crore |
| isin | INE449A01011 |
| depository | NSDL & CDSL |
| pan | AAACA6104G |
| cin | U34100TN1982PLC009715 |
| rta | Cameo Corporate Services Limited |
Income Statement (Profit & Loss) (₹ in Crore)
| Particulars | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Revenue | 1,350 | 1,650 | 1,800 | 1,900 |
| Other Income | 20 | 25 | 30 | 28 |
| Total Expenses | 1,180 | 1,400 | 1,500 | 1,600 |
| Profit Before Tax | 190 | 275 | 330 | 328 |
| Profit After Tax (PAT) | 140 | 205 | 245 | 240 |
Key Financial Ratios (Last 3–5 Years)
| Ratio | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Net Profit Margin (%) | 10.3 | 12.4 | 13.6 | 12.6 |
| EPS (₹) | 29 | 42 | 50 | 49 |
| Book Value (₹) | 180 | 200 | 215 | 220 |
| ROE (%) | 8.5 | 10.5 | 11.5 | 10.9 |
Financial Annual Report Summary
Stable revenue growth driven by strong demand from commercial vehicle OEMs. The company maintains consistent profitability with healthy margins due to operational efficiency and long-term client relationships.
Why Invest in Axles India Limited
- Consistent profitability with strong OEM relationships.
- Low debt provides financial stability.
- Trading below book value indicating potential undervaluation.
- Growth linked to commercial vehicle industry cycles.
Balance Sheet - Assets (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Fixed Assets | 350 | 370 | 390 | 410 |
| Cash and Balances | 80 | 95 | 110 | 120 |
| Inventory | 200 | 240 | 260 | 275 |
| Receivables | 300 | 350 | 380 | 400 |
| Other Assets | 70 | 80 | 85 | 90 |
| Total Assets | 1,000 | 1,135 | 1,225 | 1,295 |
Balance Sheet - Liabilities & Equity (₹ in Crore)
| Item | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|
| Share Capital | 48 | 48 | 48 | 48 |
| Reserves | 820 | 920 | 1,030 | 1,080 |
| Borrowings | 90 | 85 | 80 | 75 |
| Other Liabilities | 42 | 82 | 67 | 92 |
| Total Liabilities | 1,000 | 1,135 | 1,225 | 1,295 |
Liabilities Breakdown & Balance Sheet Insights
Balance Sheet Insights
Strong equity base with low leverage. Stable asset growth supported by retained earnings.
Liabilities Breakdown
Borrowings are low and declining, indicating conservative financial management and strong internal accruals.
Additional Insights
Company maintains a strong balance sheet with high reserves and minimal debt, reflecting financial discipline.
Cash Flow Insights
- Strong positive operating cash flows.
- Regular capital expenditure for capacity expansion.
- Minimal reliance on external financing.
Shareholding Pattern
Recent
Promoter: High (TVS Group)
Institutional: Moderate
Public: Low
Promoters & Management
Promoted by Wheels India Limited (TVS Group) in partnership with Dana Incorporated, USA.
Key Management
Professional Management Team - Management
Automotive Manufacturing & Engineering
Registrar & Transfer Agent (RTA)
Registrar: Cameo Corporate Services Limited
Website: https://www.cameoindia.com/
Management Analysis
Focus on OEM relationships, cost efficiency, technological collaboration with Dana, and maintaining leadership in axle component manufacturing.
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