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NSE:AUTOAXLES

AUTOMOTIVE AXLES LIMITED

Automobile and Auto Components › Auto Components
₹1,589.80
at close · 28 Oct 2026
▲ 8.80 (+0.56%)

Latest filings

  1. Routine compliance certificate on dematerialization for Jul-Sep 2026 quarter · Compliance
  2. Trading window closed from Oct 1, 2026 till Q2 FY26 results announcement · Compliance
  3. Automotive Axles pays Rs.32 final dividend for FY26, TDS deducted · Corporate Actions
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures axles for the Indian heavy commercial vehicle industry (7.5T+ segment), including the HD 185 axle for tractor-trailer (4x2) applications launched with all major OEMs. FY26 revenue was INR 2,177.729 crore with an EBITDA margin of 11.813% and net profit of INR 164.375 crore. Industry TIV for the 7.5T+ commercial vehicle segment closed FY26 at 480,000 units, up 16% YoY, and the business ran at over 90% capacity utilization in Q4 FY26. Phase 1 capacity expansion of about INR 70 crore is targeted for December 2026 completion, with FY27 capex of a similar magnitude. Materials account for 66.8% of revenue, making it the dominant cost, and a technical fee of 4-4.5% of revenue is paid to technology partner Meritor HVS. The company has guided a revenue aspiration of INR 4,000-5,000 crore over 4-5 years, with exports (sub-assemblies and child parts for Europe and North America) targeted as a larger contributor than today.

Operating scale
Industry TIV (7.5T+ CV, FY26)
480,000 units (+16% YoY)FY26
Capacity utilization
90%+ in Q4 FY26; 70-80% in April-MayQ4 FY26
Phase 1 capex
INR 70 croreFY27
Technical fee to Meritor HVS
4-4.5% of revenueongoing
Revenue aspiration (4-5 years)
INR 4,000-5,000 crore4-5 years
Key product launch
HD 185 axle for tractor-trailer (4x2); 10-25% realisation uplift vs legacyFY26
Who pays it
Commercial vehicle OEMs in India (7.5T+ segment); export customers in Europe and North America for sub-assemblies and child parts
Biggest cost
Materials at 66.8% of revenue (FY26)
Kind of business
Cyclical auto-component supplier to heavy commercial vehicle OEMs, technology licensed from Meritor HVS
Where it sits
Domestic axle supplier to the Indian 7.5T+ commercial vehicle industry, which has stayed above 400,000 units for four consecutive years and is guided toward 500,000+ by FY29-30
Market Cap
₹2,403 Cr
P / E (TTM)
13.8×
EV / EBITDA
8.7×
Div Yield
1.92%
Growth
19.2%▲
Revenue 5y CAGR
PAT +48.5% · EBITDA +30.1%
Quality
21.4%▲
ROCE (5y median)
ROE 19.0% (5y median) · margin 11.8%
Leverage
0.00·
Debt / Equity · low
Net cash ₹38 Cr
Revenue FY21→FY26
2.4×▲
Margin +5.0 pts
₹906 Cr → ₹2,178 Cr
Cash conversion
0.89×·
Operating cash ÷ profit · 5 yrs
₹679 Cr on ₹761 Cr
Moves on a normal day
0.91%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 126 Auto Components & Equipments peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#21/119
P/B#43/117
ROCE#27/125
ROE#36/117
Debt / Equity#1/117
EBITDA margin#46/118
Revenue growth#94/113
Profit growth#55/115

Scorecard

Measured from the filed financials, judged against its Auto Components & Equipments peers · as of FY26 — not investment advice

Strengths
Revenue compounding 19% a year over 5 years
Profit compounding 49% a year over 5 years
Returns on capital 21.4% (5-year median)
#27 of 125 in Auto Components & Equipments on the latest reported figures · up from 5.7% in FY21
No borrowings on the balance sheet
lower than 85% of its 117 Auto Components & Equipments peers
Pays out 28% of profit as dividend
Concerns
Nothing flagged in the filed numbers.

Charts

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Peers

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

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Common questions

Answered from AUTOMOTIVE AXLES LIMITED's filed financials and exchange disclosures

What does AUTOMOTIVE AXLES LIMITED do?

AUTOMOTIVE AXLES LIMITED is a Auto Components company listed on NSE and BSE, trading under the symbol AUTOAXLES.

Is AUTOMOTIVE AXLES LIMITED profitable?

Yes. Over the trailing twelve months AUTOMOTIVE AXLES LIMITED reported a net profit of ₹174 Cr on revenue of ₹2,205 Cr.

Does AUTOMOTIVE AXLES LIMITED pay a dividend?

Yes. The dividend yield is 1.92% at the current price. It paid out 28% of its profit as dividend in FY26.

Is AUTOMOTIVE AXLES LIMITED debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet, and ₹38 Cr of cash.

Is AUTOMOTIVE AXLES LIMITED expensive compared with its peers?

On trailing P/E, AUTOMOTIVE AXLES LIMITED ranks 21 of 119 in Auto Components & Equipments — cheaper than 83% of them, against an industry median of 25.3×. This is a position, not a valuation judgement.

How much does the AUTOMOTIVE AXLES LIMITED share price move in a day?

On a typical session AUTOMOTIVE AXLES LIMITED moves 0.91% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track AUTOMOTIVE AXLES LIMITED's announcements?

Every NSE and BSE filing by AUTOMOTIVE AXLES LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.