Axles India Limited
+3.33 % 1 MAbout Axles India Limited
A Comprehensive Overview of Price & Journey
Understanding Axles India Limited Inception and Growth
Overview
Axles India Limited (AIL), established on February 18, 1981, is engaged in manufacturing axle housings for the MHCV (Medium and Heavy Commercial Vehicle) segment. The company manufactures drive axle housings, trailer axle beams, and hub reduction axle housings for MHCVs. AIL’s clientele includes Tata Motors, Ashok Leyland, VE Commercial Vehicles, Dana India Private Limited, SML Isuzu, Mahindra Trucks and Buses, and Daimler India Commercial Vehicles. It also exports its products to Dana, USA, and Volvo Trucks Asia. The company has its manufacturing facilities in Sriperumbudur and Cheyyar.
Axles India Ltd is a prominent manufacturer of axle housings and shafts for the automotive industry. Axle India Pvt Ltd operates as a joint venture among Wheels India, Sundaram Finance, and Dana Holding Corporation (USA).
Products and Services
Rear Axle Housings
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Axle Housings For 5.5 - 49 T Gvw Vehicles
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Customers – Tata Motors, Ashok Leyland, Mahindra Trucks, Sml Isuzu, Ve Commercial, Daimler India, Dana India.
Tag Axle Housings
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Axle Housing For 25-Ton Gvw and Multi-Axle Vehicles
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Customers – Ashok Leyland, Ve Commercial, Mahindra, Daimler India, Volvo Trucks
Rear Axle Housings - Exports
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Axle Housings For 6 Ton Gvw – 40 Ton Gcw Vehicles
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Customers – Dana, Usa & Volvo Trucks Asia.
Board of Directors
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S Ram (Chairman)
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V Madhavan (Managing Director)
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Srivats Ram
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Rafael Aquique
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Gajanan Gandhe
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Sandeep Khullar (from 09-08-2023)
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Saket Sapra (up to 09-08-2023)
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Radha Unni (up to 30-11-2023)
Listing Status
DRHP Not Filed
IPO Details
There is no information provided by the company regarding the IPO Plans.
Dividend Details
The Directors recommend a dividend of 14/- per equity share for the year ending March 31, 2024.
Subsidiaries
There is no subsidiary company for Axle India.
Registered Office
The Registered office of the company is in Chennai, Tamil Nadu, India.
About Axles India Limited
IPO Details, Price movement
Performance Highlights for the FY 2023-24
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The Company’s revenue from operations increased by 14% to Rs 853.88 Crores in FY24 from Rs. 746.35 Crores in FY23.
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The Total Expense (excluding finance cost and depreciation cost) decreased by 19% from Rs 183.7 Crores in FY23 to Rs 148.9 Crores in FY24.
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The Profit Before tax increased by 63% from Rs 70.7 Crores in FY23 to Rs 115.5 Crores in FY24.
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The Profit After tax increased by 64% from Rs 52.6 Crores in FY23 to Rs 86.3 Crores in FY24.
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The Total assets stood at Rs. 518.66 Crores.
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There is a cash inflow of Rs. 31.78 Crores and Rs. 4.38 Crores from operating and Financing activities.
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The company spent Rs. 31.59 Crores on Investing activity.
If you are interested in following Axles india share price, then you must know that Axle India Pvt Ltd is on the good side now. Its solid business foundation has reflected the company’s growing performance and value in the market.
SHOW MORE...Fundamentals
Financials
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | - | 992.00 | 1022.00 | 1079.00 |
| Other Income | - | 6.00 | 8.00 | 15.00 |
| COGS | - | 604.40 | 661.40 | 706.30 |
| Gross Profit | - | 393.90 | 368.20 | 388.40 |
| Total Expense | - | 324.30 | 289.00 | 290.50 |
| EBIDTA | - | 69.60 | 79.20 | 97.90 |
| D&A | - | 6.60 | 8.40 | 9.30 |
| EBIT | - | 62.90 | 70.80 | 88.50 |
| Interest Expense | - | 2.20 | 2.10 | 1.50 |
| PBT | - | 61.20 | 68.40 | 86.20 |
| TAX | - | 16.10 | 18.00 | 22.40 |
| PAT | - | 45.10 | 50.40 | 63.80 |
| Diluted EPS | - | 9.59 | 10.83 | 13.89 |
| Basic EPS | - | - | - | - |
| Total income | 0.00 | 998.00 | 1,030.00 | 1,094.00 |
ASSETS
| CURRENT ASSETS | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Cash and Cash Equivalents | - | 17.24 | 14.29 | 15.97 |
| Trade Payables | - | 37.98 | 31.48 | 34.02 |
| Inventory | - | 128.97 | 135.83 | 139.97 |
| Other Current Assets | - | 96.02 | 112.04 | 164.81 |
| Total Current Assets | 0.00 | 280.21 | 293.64 | 354.77 |
| NON CURRENT ASSETS | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Plant Property and Equipment | - | 43.44 | 47.96 | 44.81 |
| Long Term Investment | - | 48.75 | 40.87 | 19.90 |
| Other Non Current Assets | - | 4.32 | 6.26 | 6.89 |
| TOTOAL NON CURRENT ASSSETS | 0.00 | 96.51 | 95.09 | 71.60 |
| Total Assets | 0.00 | 376.72 | 388.73 | 426.37 |
|---|
| CURRENT LIABILITES | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| TRADW Payable | - | 34.06 | 27.07 | 34.47 |
| Other Current Liab | - | 28.22 | 28.38 | 24.12 |
| Total Current Liab | 0.00 | 62.28 | 55.45 | 58.59 |
| NON CURRENTLIABILITIES | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Long Term Debt | - | 3.90 | - | - |
| Deffered Tax Liab | - | - | - | - |
| Other Non Current Liab | - | 4.85 | 8.85 | 7.27 |
LIABILITIES
| EQUITY | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | - | 0.47 | 0.46 | 0.46 |
| Reserves And Surplus | - | - | - | - |
| Other Equity | - | 305.22 | 323.96 | 360.06 |
| Retained Earnings | - | - | - | - |
| share Equity | 0.00 | 305.69 | 324.42 | 360.52 |
| Total Liabilities | 0.00 | 314.44 | 333.27 | 367.79 |
|---|
| CASH FLOW STAT | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Cash Flow from operating | - | 92.75 | 39.57 | 69.59 |
| Cash Flow from financing | - | -47.66 | -36.77 | -25.00 |
| Cash Flow from investing | - | -29.19 | -5.76 | -42.91 |
| Net cash flow | 0.00 | 15.90 | -2.96 | 1.68 |
Revenue Growth
PAT Growth %
EPS Growth %
TOTAL ASSETS Growth %
QUICK RATIO Growth %
LONG TERM DEBT TO EQUITY RATIO Growth %
Shareholding Pattern
2025
| Name | Designation | Share % |
|---|---|---|
| Dana Global Products Inc. | NA | 48.33% |
| Sundaram Finance Holdings Limited | NA | 38.82% |
| Wheels India Limited | NA | 9.51% |
| Other | NA | 3.33% |
Events
| Name | Date | Details |
|---|---|---|
| No events available. | ||
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