1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Auto - Parts
Automotive Axles Limited

Automotive Axles Limited

AUTOAXLES.NS
Automotive Axles LimitedIN flagNational Stock Exchange of India
1,725.20
INR
+9.60
- -
26.07BMarket Cap
Automotive Axles Limited
AUTOAXLES.NS
(National Stock Exchange of India)

Recent

price

1,725.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
442.03
669.99
622.45
425.18
447.96
716.51
757.85
978.56
1,243.74
610.74
583.93
960.6
1,493.24
1,440.9
1,374.74
1,441.04
1,372.79
Revenue per Share
29.17
38.09
29.79
8.4
12.03
23.01
32.7
55.54
80.43
27.22
15.04
49.2
107.22
109.95
102.92
108.77
104.03
Basic EPS, GAAP
-11.47
21.73
62.14
35.64
-3.84
18.96
48.09
13.5
-31
89.24
9.21
14.16
23.56
159.58
67.39
65.66
- -
Free Cash Flow per Basic Share
3.18
9.93
11.62
11.62
2.34
1.2
5.52
8.01
13.5
25.5
0.8
4.52
14.99
32
32
30.5
- -
Dividend per Share
134.91
161.37
10
149.21
157.12
10
211.19
256.02
318.29
313.99
328.62
372.96
464.45
541.62
611.74
10
- -
Book Value per Share
134.91
161.32
177.46
183.68
193.9
223.21
248.81
293.66
356.04
351.59
366.34
409.99
501.7
579.15
649.62
725.82
- -
Tangible Book Value per Share
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
Basic Weighted Avg Shares
6,680
10,125
9,406
6,425
6,769
10,828
11,453
14,788
18,795
9,230
8,824
14,516
22,566
21,775
20,775
21,777
20,744
Sales/Revenue/Turnover
10.4
9.26
7.85
3.92
4.87
5.27
6.49
8.37
9.73
6.07
3.38
6.77
9.58
9.64
8.97
9.24
8.92
Operating Margin (%)
210
234
274
285
295
394
394
432
462
372
360
364
414
364
336
359
341
Depreciation Expense
441
576
450
127
182
348
494
839
1,216
411
227
744
1,620
1,662
1,555
1,644
1,572
Net Income, GAAP
33.11
33.95
32.38
31.58
29.71
32.51
34.12
34.33
34.41
31.39
24.65
25.68
25.71
25.48
26.15
25.21
26
Effective Tax Rate (%)
6.6
5.68
4.79
1.98
2.69
3.21
4.31
5.68
6.47
4.46
2.58
5.12
7.18
7.63
7.49
7.55
7.58
Profit Margin (%)
1,474
1,093
1,070
1,164
1,184
1,615
2,135
2,885
3,224
2,511
2,717
3,576
5,098
6,382
7,506
7,941
- -
Working Capital
707
154
258
192
109
- -
- -
- -
659
295
234
172
218
167
141
125
- -
LT Debt
2,039
2,439
2,713
2,805
2,942
3,378
3,766
4,443
5,384
5,319
5,541
6,211
7,593
8,759
9,819
10,988
- -
Total Equity
18.78
21.81
16.38
5.39
6.61
10.26
12.96
19.61
22.5
6.46
3.88
11.79
22.26
18.53
14.49
14.22
- -
Return on Invested Capital (%)
26.31
21.81
29.03
11.18
7.87
21
27.58
23.86
25.89
7.96
4.82
13.66
24.92
21.38
17.72
34.16
389.9
Return on Capital (%)
40.25
25.71
34.77
10.55
7.85
27.54
29.57
23.78
28.01
8.61
4.68
14.03
25.61
21.86
17.85
34.99
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
15
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
141
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
15
- -
Market Capitalization
26,766
24,354
27,052

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
11,086
- -
Cash, Cash Equivalents & STI
- -
3,765
- -
Accounts Receivable, Net
- -
4,375
- -
Inventories
- -
2,294
- -
Total Current Liabilities
- -
3,580
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
15
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.73%
14.74%
11.9%
Free Cash Flow
-8.82%
127.43%
-2.57%
Net Income, GAAP
39.27%
69.38%
5.68%
Sales/Revenue/Turnover
12.34%
23.33%
4.82%
Total Cash Common Dividend
- -
- -
-4.69%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,319
5,844
5,413
5,198
21,775
2025
4,925
4,947
5,307
5,596
20,775
2026
4,894
5,623
6,643
- -
21,777

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
25.03
29.84
25.9
- -
109.95
2025
22.53
23.8
26.2
30.39
102.92
2026
23.64
25.68
35.66
- -
108.77

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
32
2025
- -
- -
- -
- -
32
2026
- -
- -
- -
- -
30.5
Similar Companies
PT Indo Kordsa Tbk (BRAM.JK)
NBTM New Materials Group Co., Ltd. (600114.SS)
SAG Holdings Ltd (SAG)
Sundaram-Clayton Limited (SUNCLAYLTD.NS)
Mabuchi Motor Co., Ltd. (MBUMY)
Hangzhou Zhengqiang Corporation Limited (301119.SZ)
Business
Automotive Axles Limited (AAL), established in 1981 as a joint venture between Kalyani Group and Meritor Inc., manufactures rear drive axle assemblies, light, medium and heavy-duty drive axles, front steer axles, non-drive axles, defense and off-highway axles, drum and disc brakes, suspension systems, and aftermarket parts and services; the company also provides customized solutions for original equipment manufacturers (OEMs) in the commercial vehicle sector. Headquartered in Mysuru, Karnataka, with manufacturing facilities in Mysuru, Pantnagar (Uttarakhand), Jamshedpur (Jharkhand), and Hosur (Tamil Nadu), AAL serves domestic and global markets including trucks, buses, military vehicles, and off-highway applications, positioning it as one of India's largest independent rear drive axle producers. In FY 2024-25, the company introduced its flagship MS185 axle to additional customers, ramped up volumes, entered a new technical and service agreement with Meritor HVS (India) Limited enabling direct sales to OEMs while retaining support in market intelligence, product design, and testing, and invested further in solar power procurement entities Torrent Surya Urja 3 Private Limited and Parola Renewables Private Limited to meet regulatory requirements under the Electricity Act. Despite softer demand and a 6% revenue decline to INR 21,048 million, AAL sustained an EBITDA margin of 11.9% through cost optimization and operational efficiency, maintaining a debt-free balance sheet amid strategic shifts like the rejection of a proposed material related party transaction with Meritor HVS (India) Limited by shareholders in late 2024.