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RATING

RECOMMENDATION

Neutral

Business Type

Startup - Growth Phase

  • unlisted stock logo
    GG Automotive Gears Ltd. Unlisted Shares Essentials

ISIN

INE493B01017

Face Value

₹10.00

Total Share

79,16,000

Total Income

₹5,648.28 L

Profit After Tax

₹779.18 L

Promoter Holding

30.71 %

EPS

₹2.19

P/E

16.89

P/B

0.02

Market Capitalisation

₹29.29 Cr

Book Value

₹2,157.00 L

Intrinsic Value

₹24.00

Sector

Industrials

Sub-sector

Electrical Components & Equipments

Cashflow - Operations

₹1,199.83 L

Cashflow - Financing

-₹699.07 L

GG Automotive Gears Ltd. Growth

Compounded Sales Growth

  • 1.92%

    1 Year

  • 15.26%

    2 Year

  • 25.96%

    3 Year

Pro Only

Compounded Profit Growth

  • 116.71%

    1 Year

  • 72.08%

    2 Year

  • 113.36%

    3 Year

Pro Only

Return On Equity

  • 36.13%

    1 Year

  • 19.02%

    2 Year

  • 16.45%

    3 Year

Pro Only

About GG Automotive Gears Ltd.

Overview: 

  • G.G. Automotive Gears Ltd. is a leading manufacturer of traction gears and pinions, based out of Dewas, Madhya Pradesh in India. 
  • GGAG has been a market leader in Locomotive gears for the last 40 years.
  • G.G. Automotive Gears Ltd. is a self-sufficient organization capable of developing and manufacturing lo-comotive and industrial application gears & pinions, gearboxes, and forged automotive components.
  • G.G Automotive Gears Ltd. expertise in the field of gear manufacturing has led us to diversify into the manufacturing of forgings through this integrated and newly installed unit.


Key facts:

  • GGAG delivered a strong performance during the year as we made steady progress in reducing lead times to our customers, while increasing total output and maintaining the highest standards of quality.
  • FY19-20 has been an extremely satisfying year in terms of financial performance.
  • Company has reported total turnover of Rs 56,10 lacs and Profit after tax for the year amounted to Rs. 1,73 Lacs.

  • GG Automotive Gears Ltd. Product & Services

  • Developing Locomotive
  • Industrial Application (Gears & Pinions, Gearboxes and Forged automotive components)
  • GG Automotive Gears Ltd. Industry Overview

Industry Statistics

In 2020, India was the sixth-largest automobile producer worldwide, after China, the US, Japan, Germany, and South Korea. The auto components industry is expected to become the third largest in the world by 2025.

  • The growth of global original equipment manufacturers’ (OEM) sourcing from India & the increased in-digenization of global OEMs is turning the country into a preferable designing and manufacturing base.
  • The Indian auto components industry is expected to grow to US$ 200 billion by FY26. This growth will be backed by strong export demand which is expected to rise at an annual rate of 23.9% to reach US$ 80 bil-lion by 2026.

Future Prospects

  • India is emerging as a global hub for auto component sourcing. 
  • India has a competitive advantage in auto components categories such as shafts, bearings, and fasteners due to large number of players.
  • Both domestic and export markets are almost similar in terms of potential share by different product types. Engine and Exhaust components along with Body & Structural parts are expected to make up near-ly 50% of the potential domestic sales as well as export in 2020.
  • Transmission and Steering Parts and Electronics and Electrical equipment are likely to be the other key products.
  • Companies like Exide, Exicom, Amaron, Green fuel Energy Solutions, Trontek, Coslight India, Napino Au-to & Electronics, Amara Raja Batteries, Trinity Energy Systems, and Versatile Auto Components have plans to make lithium-ion batteries to ride the wave of green vehicles.
  • The Indian auto components industry is expected to grow to US$ 200 billion by FY26. This growth will be backed by strong export demand which is expected to rise at an annual rate of 23.9% to reach US$ 80 bil-lion by 2026.
  • By 2025, 4 million of EVs could be sold each year and 10 million by 2030.
  • Auto component exports are expected to grow at 23.9% annually to reach US$ 80 billion by 2026.

GG Automotive Gears Ltd. Strengths

  • ROA% of the company has been significantly increased despite of increased total assets. This is primarily because of increased profits during the year 2020. This shows efficient utilization of assets to generate higher profits.
  • ROCE% of the company has shown a significant growth rate of 33.96% from 19.35% in 2018 to 33.96% in 2020. 
  • ROE% of the company has been significantly increased from 16.5% in 2019 to 41.2% in 2020, showcased a growth of 36.1%, primarily on account of higher profits during the year 2020 resulted from higher profits from sale Total income has been gradually increased majorly because of increased sales of manufacturing goods.

GG Automotive Gears Ltd. Opportunities

    • Considering the Covid-19 pandemic, and the economic repercussions that company face globally, disturbances in supply chain management, and aggregate demand reaching normal levels. 
    • Downward sentiment overall, but GGAG is confident of achieving similar growth levels in the coming financial year.
    • Company strong brand value and market presence in the Indian Railways, along with lucrative opportunities opening in the global railway market should help us achieve these targets.
    • Our aim is to maintain our dominant presence in the Indian Railways and explore newer markets globally with key areas being East Asia & the America.
    • Company has numerous projects undertaken under the R&D wing of the company that should reach fruition soon and complement our pursuit of growth.
    GG Automotive Gears Ltd. Rating

    • RECOMMENDATION

      Neutral

    • GG Automotive Gears Ltd. Detail Info

    Industry Statistics

    PUBLIC LIMITED

    Registered In

    India

    last Updated

    23/08/2021

    Registered Date

    15/02/1974

    Planify Ticker

    GG

    Reg Office: MR. RAJESH SHAH, DIRECTOR, PURVA SHAREGISTRY (INDIA) LIMITED 9, SHIV SHAKTI INDUSTRI-AL ESTATE J.R. BORICHA MARG, OPP. KASTURBA HOS LOWER PAREL (EAST) MUMBAI 400 011

    Website: https://ggautomotive.com/about-us/about-us-2/