Manufactures automotive gears and related auto components at its facility in Dewas, Madhya Pradesh, supplying the Indian automobile and auto components industry. Revenue in FY26 was Rs 116.37 crore with an EBITDA margin of 18.32%, against Rs 114.48 crore in FY25 and Rs 95.44 crore in FY24. The biggest input cost is raw materials at 45.7% of revenue, followed by other operating expenses at 24.1% and employee costs at 12.7%. The business is asset-heavy: depreciation accounts for 4.3% of revenue and capex ran at 9.3% of revenue. A fire at the manufacturing facility on February 4, 2026 partially disrupted operations; the company received Rs 13 crore in interim insurance proceeds and has placed orders for replacement equipment to restore capacity. The order book stood at around Rs 90 crore in March 2026 (around Rs 105 crore in December 2025). AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Manufacture and sale of automotive gears and auto components. Cyclical, small-cap auto-components manufacturer with a single manufacturing plant.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 48 | 77 | 95 | 114 | 116 |
| EBITDA (ex other income) | 6 | 8 | 12 | 17 | 21 |
| margin % | 12.2 | 9.9 | 12.6 | 15.1 | 18.1 |
| Owners' profit | 0 | 2 | 4 | 8 | 11 |
| EPS, as reported (₹) | 0.53 | 2.45 | 5.32 | 8.16 | 11.13 |
| ROE % · ROCE % | 2.0 · 7.8 | 8.7 · 10.3 | 14.0 · 17.5 | 16.5 · 19.6 | 19.1 · 19.7 |
| Debt / equity (x) | 1.56 | 1.52 | 0.86 | 0.53 | 0.50 |
| Cash from operations | 5 | 6 | 12 | 14 | 11 |
| Capex | (3) | 0 | 0 | (18) | (11) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 26 | 29 | 34 | 28 | 33 | 34 | 21 | 16 |
| Profit before tax | 2 | 3 | 4 | 4 | 5 | 5 | 1 | 2 |
| Net profit | 2 | 3 | 2 | 3 | 3 | 3 | 2 | 1 |
| EPS (₹) | 1.84 | 2.75 | 2.27 | 2.60 | 3.33 | 3.46 | 1.73 | 1.07 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,73,567 | 39.6 | 3.98 | 15.4 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,42,736 | 60.4 | 9.61 | 35.1 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 92,992 | 131.7 | 9.73 | 33.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 69,386 | 57.6 | 9.56 | 31.7 | 17.7 | 15.7 | 25.3 | 10.4 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · 52nd AGM held on Sept 11, 2026 via video conferencing | board shareholder meetings | medium | — | — |
| 11 Sept 2026 · 52nd AGM held on Sep 11, 2026; two ordinary resolutions considered | board shareholder meetings | medium | — | — |
| 11 Sept 2026 · 52nd AGM held via video conferencing on September 11, 2026 | board shareholder meetings | low | — | — |
| 19 Aug 2026 · 52nd AGM on Sept 11, 2026 via video conferencing; annual report link shared | compliance | minimal | — | — |
| 19 Aug 2026 · Notice of 52nd AGM scheduled for September 11, 2026 via video conferencing | compliance | minimal | — | — |
| 18 Aug 2026 · Book Closure for 52nd AGM from 5 to 11 Sep 2026 | board shareholder meetings | low | — | — |
| 18 Aug 2026 · GG Automotive Gears files FY26 Annual Report after fire incident | results | high | — | — |
| 18 Aug 2026 · GGAG 52nd AGM Notice for Sept 11, 2026 via Video Conferencing | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Production restored to pre-fire levels; facility upgrade ongoing | capex operations | high | — | — |
| 8 Aug 2026 · Newspaper publication of Q1 FY27 unaudited results filed with BSE | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| SCHAEFFLER INDIA LIMITED |
| 61,739 |
| 49.3 |
| 10.04 |
| — |
| 10.4 |
| 14.1 |
| — |
| 19.4 |
| TUBE INVEST OF INDIA LTD | 50,454 | 83.1 | 3.55 | 19.5 | 7.9 | 12.4 | 30.3 | 10.6 |
| SONA BLW PRECISION FRGS L | 49,016 | 70.4 | 7.99 | 42.6 | 10.3 | 12.9 | — | 25.1 |
| ENDURANCE TECHNO. LTD. | 37,964 | 39.1 | 5.55 | 18.6 | 13.9 | 15.6 | 17.4 | 13.2 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 18.1 | 26.7 | 40 of 123 | 68% |
| P/B | 3.0 | 3.5 | 50 of 116 | 57% |
| ROCE | 17.1 | 12.6 | 37 of 125 | 71% |
| ROE | 19.1 | 11.6 | 24 of 119 | 81% |
| Debt / Equity | 0.5 | 0.3 | 80 of 119 | 33% |
| EBITDA margin | 21.5 | 12.2 | 14 of 118 | 89% |
| Revenue growth | (43.4) | 20.2 | 111 of 113 | 2% |
| Profit growth | (59.1) | 24.4 | 103 of 115 | 11% |
| Market cap | 174 | 1542 | 98 of 125 | 22% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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