NSE: GABRIEL · BSE: 505714
GABRIEL INDIA LTD
Manufactures automotive components in India, with shock absorbers contributing 97.67% of revenue, supplying two-wheeler, passenger vehicle and commercial vehicle makers through 8 plants with 5,649 workers. Reported FY26 consolidated revenue of ₹4,666.933 crore at an EBITDA margin of 9.6517%, with Q1 FY27 standalone revenue at ₹1,274 crore (up 19% YoY) and consolidated revenue of ₹1,426 crore (up 15.5% YoY). Holds 32% market share in 2W/3W shock absorbers, 88% in commercial vehicles and 57% in electric two-wheelers, and counts Bajaj, Piaggio, M&M 2W, Royal Enfield, TVSM, Suzuki and HMSI among named customers with active SOPs or LOIs. Extending its product mix under Project Jupiter: ₹2,231 crore for a 28.99% stake in HL Mando Anand India, which makes steering, braking and suspension parts (FY26 revenue ₹5,886 crore, PAT ₹358 crore), and USD 98.44 million for a 30%-1 share in HL Klemove India, which makes radar, front cameras, lidar, ADAS software and automotive electronics (FY26 revenue about ₹1,000 crore, PAT ₹133 crore). Raw materials are the dominant cost at 72.8% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Shock absorbers and ride-control components (98%), Other auto components. Auto component manufacturer centred on ride-control products, expanding into steering, braking and ADAS electronics via acquisitions
Exhibit 1: Financial summary, FY24–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 3,403 | 4,063 | 4,667 |
| EBITDA (ex other income) | 293 | 390 | 424 |
| margin % | 8.6 | 9.6 | 9.1 |
| Owners' profit | 0 | 0 | 252 |
| EPS, as reported (₹) | 12.44 | 17.05 | 17.55 |
| ROE % · ROCE % | 17.8 · 23.5 | 20.7 · 26.7 | 18.1 · 22.8 |
| Debt / equity (x) | 0.07 | 0.02 | 0.11 |
| Cash from operations | 177 | 204 | 444 |
| Capex | (141) | (176) | (189) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,027 | 1,017 | 1,073 | 1,098 | 1,180 | 1,179 | 1,210 | 1,426 |
| Profit before tax | 82 | 79 | 87 | 81 | 91 | 72 | 92 | 91 |
| Net profit | 63 | 60 | 64 | 62 | 69 | 55 | 66 | 108 |
| EPS (₹) | 4.38 | 4.18 | 4.48 | 4.31 | 4.81 | 3.81 | 4.63 | 6.06 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| SAMVRDHNA MTHRSN INTL LTD | 1,69,176 | 38.6 | 3.87 | 15.1 | 9.4 | 8.2 | 17.1 | 9.0 |
| BOSCH LIMITED | 1,39,756 | 59.1 | 9.41 | 34.3 | 18.7 | 24.1 | 15.6 | 17.9 |
| BHARAT FORGE LTD | 83,937 | 118.9 | 8.78 | 30.3 | 11.4 | 13.2 | 21.6 | 8.8 |
| UNO MINDA LIMITED | 63,520 | 52.8 | 8.75 | 29.1 | 17.7 | 15.7 | 25.3 | 10.4 |
| SCHAEFFLER INDIA LIMITED | 56,735 | 45.3 | 9.23 | — | 10.4 | 14.1 | — | 19.4 |
| SONA BLW PRECISION FRGS L | 54,705 | 78.5 | 8.92 | 47.5 | 10.3 | 12.9 | — | 25.1 |
| TUBE INVEST OF INDIA LTD | 41,237 | 67.9 | 2.90 | 15.9 | 7.9 | 12.4 | 30.3 | 10.6 |
| ENDURANCE TECHNO. LTD. | 32,484 | 33.5 | 4.75 | 15.9 | 13.9 | 15.6 | 17.4 | 13.2 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 75.3 | 25.3 | 107 of 119 | 10% |
| P/B | 18.5 | 3.2 | 114 of 117 | 3% |
| ROCE | 21.9 | 12.6 | 21 of 125 | 84% |
| ROE | 18.1 | 11.7 | 31 of 117 | 74% |
| Debt / Equity | 0.1 | 0.3 | 40 of 117 | 66% |
| EBITDA margin | 9.0 | 12.2 | 88 of 118 | 26% |
| Revenue growth | 29.8 | 20.2 | 31 of 113 | 73% |
| Profit growth | 74.5 | 24.4 | 28 of 115 | 76% |
| Market cap | 25762 | 1460 | 12 of 126 | 91% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · Gabriel India to hold Q2 and H1 FY27 earnings call on November 2 | board shareholder meetings | low | — | — |
| 24 Oct 2026 · Board meeting scheduled to consider interim dividend | corporate actions | high | — | — |
| 24 Oct 2026 · Interim dividend record date fixed for November 6, 2026 | corporate actions | medium | — | — |
| 24 Oct 2026 · Board to review September 2026 results and consider interim dividend | results | low | — | — |
| 19 Oct 2026 · Gabriel India incorporates JV company with Faurecia for seating business | strategic transactions | medium | — | — |
| 6 Oct 2026 · Gabriel India forms seating JV with FORVIA subsidiary Faurecia | strategic transactions | high | — | — |
| 6 Oct 2026 · Gabriel India to form JV with Faurecia for passenger vehicle seats | strategic transactions | high | — | — |
| 2 Oct 2026 · Newspaper notice on special window for re-lodgement of physical share transfers | compliance | minimal | — | — |
| 24 Sept 2026 · Trading window closure for Q2 FY26 results | compliance | minimal | — | — |
| 23 Sept 2026 · Clarification on significant price movement, no undisclosed information | compliance | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
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| 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 |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.