AUTOAXLES

Automotive Axles Limited

Heavy-duty axles and drivetrain subsystems for commercial vehicles

Consumer Discretionary›Automobile and Auto Components›Auto Components›Auto Components & Equipments

autoaxle.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1631.80
Market cap
2,466 Cr
Stock P/E
14.2
P/B
2.24
Dividend yield
1.9%
ROE (FY26)
15.0%
ROCE (FY26)
20.1%
Operating margin (FY26)
9.2%
OCF / EBITDA (FY26)
72.8%
OCF / EBITDA (3Y)
79.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Automotive Axles makes heavy-duty axles for commercial vehicle manufacturers in India and also sells to export customers.

Company snapshot

55thBy market cap

Ranked among 94 companies in Auto Components & Equipments.

What we see

Positives
  • ✓Interest coverage of 128.3x — earnings comfortably cover interest obligations.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales584 Cr541 Cr572 Cr492 Cr495 Cr531 Cr560 Cr489 Cr462 Cr562 Cr664 Cr517 Cr
Operating expenses (approx.)518 Cr483 Cr508 Cr444 Cr444 Cr473 Cr497 Cr442 Cr413 Cr498 Cr587 Cr457 Cr
EBITDA66 Cr58 Cr64 Cr49 Cr51 Cr57 Cr63 Cr48 Cr48 Cr64 Cr77 Cr60 Cr
OPM %11.3%10.7%11.1%9.9%10.3%10.8%11.2%9.8%10.5%11.4%11.6%11.6%
Other income4 Cr4 Cr5 Cr6 Cr6 Cr6 Cr9 Cr9 Cr9 Cr9 Cr6 Cr10 Cr
Interest0.56 Cr0.59 Cr0.90 Cr0.84 Cr0.82 Cr0.68 Cr0.63 Cr0.39 Cr0.34 Cr0.41 Cr0.42 Cr0.42 Cr
Depreciation9 Cr9 Cr9 Cr8 Cr8 Cr9 Cr9 Cr9 Cr9 Cr9 Cr10 Cr9 Cr
Profit before tax60 Cr53 Cr59 Cr46 Cr48 Cr54 Cr62 Cr48 Cr48 Cr51 Cr72 Cr61 Cr
Tax %25.3%25.6%25.4%26.5%25.8%26.7%25.7%25.8%25.3%24.2%25.5%25.6%
Net profit45 Cr39 Cr44 Cr34 Cr36 Cr40 Cr46 Cr36 Cr36 Cr39 Cr54 Cr46 Cr
EPS (₹)₹29.84₹25.90₹29.18₹22.53₹23.80₹26.20₹30.39₹23.64₹23.79₹25.68₹35.66₹30.17

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,302 Cr1,554 Cr1,939 Cr952 Cr906 Cr1,491 Cr2,324 Cr2,229 Cr2,078 Cr2,178 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,188 Cr1,386 Cr1,710 Cr859 Cr840 Cr1,356 Cr2,066 Cr1,983 Cr1,858 Cr1,941 CrSign in free for the trailing twelve months
EBITDA114 Cr167 Cr229 Cr93 Cr66 Cr135 Cr257 Cr246 Cr220 Cr237 CrSign in free for the trailing twelve months
OPM %8.7%10.8%11.8%9.8%7.3%9.0%11.1%11.0%10.6%10.9%Sign in free for the trailing twelve months
Other income2 Cr5 Cr3 Cr8 Cr7 Cr4 Cr5 Cr16 Cr27 Cr32 CrSign in free for the trailing twelve months
Interest1 Cr0.55 Cr0.55 Cr2 Cr3 Cr2 Cr3 Cr3 Cr3 Cr2 CrSign in free for the trailing twelve months
Depreciation39 Cr43 Cr46 Cr37 Cr36 Cr36 Cr41 Cr36 Cr34 Cr36 CrSign in free for the trailing twelve months
Profit before tax75 Cr128 Cr185 Cr60 Cr30 Cr100 Cr218 Cr223 Cr211 Cr220 CrSign in free for the trailing twelve months
Tax %34.1%34.3%34.4%31.4%24.6%25.7%25.7%25.5%26.2%25.2%Sign in free for the trailing twelve months
Net profit49 Cr84 Cr122 Cr41 Cr23 Cr74 Cr162 Cr166 Cr156 Cr164 CrSign in free for the trailing twelve months
EPS (₹)₹32.70₹55.54₹80.43₹27.22₹15.04₹49.20₹107.22₹109.95₹102.92₹108.77Sign in free for the trailing twelve months
Dividend payout %————5.3%9.2%14.0%29.1%31.1%28.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr15 Cr
Reserves361 Cr429 Cr523 Cr517 Cr539 Cr606 Cr744 Cr861 Cr967 Cr1,084 Cr
Borrowings——66 Cr20 Cr15 Cr15 Cr10 Cr6 Cr——
Other liabilities187 Cr290 Cr329 Cr176 Cr376 Cr409 Cr387 Cr348 Cr375 Cr422 Cr
Total liabilities564 Cr734 Cr933 Cr728 Cr944 Cr1,045 Cr1,157 Cr1,230 Cr1,357 Cr1,520 Cr
Fixed assets (net)145 Cr117 Cr108 Cr255 Cr223 Cr237 Cr216 Cr200 Cr186 Cr210 Cr
CWIP7 Cr17 Cr115 Cr24 Cr32 Cr3 Cr6 Cr6 Cr7 Cr14 Cr
Investments——0 Cr0 Cr34 Cr37 Cr29 Cr47 Cr77 Cr140 Cr
Loans & advances——6 Cr4 Cr7 Cr6 Cr0.95 Cr0.23 Cr2 Cr3 Cr
Inventories99 Cr137 Cr184 Cr156 Cr201 Cr199 Cr231 Cr250 Cr229 Cr214 Cr
Trade receivables231 Cr350 Cr346 Cr123 Cr282 Cr389 Cr499 Cr364 Cr438 Cr492 Cr
Cash & bank35 Cr44 Cr40 Cr74 Cr73 Cr74 Cr11 Cr33 Cr9 Cr38 Cr
Other assets46 Cr69 Cr133 Cr93 Cr93 Cr99 Cr164 Cr329 Cr410 Cr409 Cr
Total assets564 Cr734 Cr933 Cr728 Cr944 Cr1,045 Cr1,157 Cr1,230 Cr1,357 Cr1,520 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity97 Cr51 Cr106 Cr198 Cr49 Cr66 Cr52 Cr260 Cr128 Cr173 Cr
Cash from investing-23 Cr-27 Cr-157 Cr-59 Cr-40 Cr-27 Cr-84 Cr-182 Cr64 Cr-94 Cr
Cash from financing-40 Cr-15 Cr47 Cr-105 Cr-10 Cr-38 Cr-31 Cr-57 Cr-59 Cr-49 Cr
Net cash flow35 Cr9 Cr-4 Cr34 Cr-1 Cr2 Cr-63 Cr22 Cr133 Cr30 Cr
Free cash flow (OCF − Capex)73 Cr20 Cr-47 Cr135 Cr14 Cr44 Cr36 Cr241 Cr128 Cr99 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %20.2%28.9%30.8%11.2%5.8%16.1%28.7%25.6%21.8%20.1%
ROE %13.1%18.9%22.6%7.7%4.1%12.0%21.3%19.0%15.8%15.0%
Debtor days658265471139578607782
Inventory days444649911106850575754
Days payable7486686715911769647484
Cash conversion cycle34424671644660525952
OCF / EBITDA %85.5%30.6%46.1%212.0%74.0%49.1%20.0%105.6%58.3%72.8%
OCF / EBITDA % (3 years)——49.8%72.5%90.7%106.4%36.3%59.2%60.8%79.8%
Debt / equity——0.120.040.030.020.010.0071——
Current ratio2.172.012.002.591.751.902.372.923.102.96
Net debt / EBITDA-0.31-0.260.11-0.57-0.88-0.44-0.0030-0.11-0.04-0.16