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GNA Axles — A niche player with a strong brand and healthy financials

The surge in GNA’s stock price has been corroborated by the strong financial performance for the quarter ended March 2021. The company posted a strong growth in its top line, and there is a substantial improvement in its margin profile as well.

June 18, 2021 / 08:07 PM IST
GNA Axles — A niche player with a strong brand and healthy financials

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

As a part of our discovery series, we had identified GNA Axles (CMP: Rs 444.6, M Cap: Rs 950.26 crore) as one of the ideas that can be part of a long-term portfolio. The stock price has run up 46 per cent since then, compared to the 20 per cent rise in the Nifty Midcap index. The surge in GNA’s stock price has been corroborated by the strong financial performance for the quarter ended March 2021. The company posted a...

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