Sharekhan's research report on GNA Axles
With a stable outlook, management is appearing to be focussing more on profitability than plain vanilla top-line growth. GNA is aiming for a sustainable EBITDA margin of 14.5-15.0%. We believe management guidance is realistic and achievable. The stock is trading at a P/E multiple of 11.9x and EV/EBITDA multiple of 6.7x of its FY2025E estimates.
Outlook
We reiterate our Buy rating on GNA Axles (GNA) with a revised PT of Rs. 1,121 on expectations of consistency in performance.
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