G N A Axles Limited (GNA.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+37.8%

₹734.66

vs ₹533.10 price

Levered DCF

₹2,093.73

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.96

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	13.09×	13.88×	17.19×	12.99×	11.8×	10.34×	2.87×	5.48×
P/B	1.53×	1.65×	2.14×	2.37×	1.76×	1.41×	0.34×	0.9×
P/S	1.06×	0.98×	1.15×	1.08×	0.84×	0.84×	0.17×	0.39×
EV / EBITDA	7.67×	8.15×	9.74×	8.09×	7.05×	6.38×	2.76×	3.66×
Gross margin	28.4%	16.1%	24.4%	15.7%	26.8%	28.3%	23.9%	25.8%
Operating margin	10.6%	9.9%	9.8%	11.4%	10.2%	11.4%	7.6%	12.7%
Net margin	8.1%	7.1%	6.7%	8.3%	7.1%	8.1%	6.0%	7.2%
Current ratio	2.37×	2.49×	2.16×	1.93×	1.79×	1.76×	1.85×	1.66×
Debt / equity	0.18×	0.29×	0.27×	0.28×	0.37×	0.38×	0.43×	0.43×
Interest coverage	11.59×	12.58×	12.69×	16.22×	11.26×	11.57×	4.9×	14.41×
Dividend yield	0.8%	0.6%	0.7%	0.6%	1.0%	0.0%	4.7%	1.4%
Payout ratio	11.0%	8.0%	12.9%	8.2%	12.1%	0.0%	13.5%	7.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.6%	11.9%	12.5%	18.2%	14.9%	13.6%	11.8%	16.4%
Return on invested capital	9.6%	9.6%	10.7%	14.5%	11.4%	10.2%	7.8%	13.0%
Return on assets	7.7%	7.8%	8.2%	11.1%	8.5%	7.4%	6.4%	8.4%
Free cash flow yield	3.0%	-1.3%	0.6%	1.8%	-0.4%	0.2%	10.2%	-4.6%
Earnings yield	7.6%	7.2%	5.8%	7.7%	8.5%	9.7%	34.8%	18.3%
Enterprise value	₹17.1B	₹17.4B	₹19.3B	₹18.9B	₹12.7B	₹9.3B	₹3.5B	₹5.3B
Net debt / EBITDA	0.82×	1.18×	1.07×	0.87×	1.23×	1.35×	1.55×	1.18×
Cash conversion cycle (days)	146	157	145	121	134	140	-12	110