Sharekhan's research report on GNA Axles
Operating performance was in line with estimates in Q4FY23. European market is stable for GNA, while facing headwinds in the North American market. EBITDA margin is expected to be sustained in the range of 14.5%-15%. The stock is trading at P/E of 10.8x and EV/EBITDA of 6.6x its FY2025E estimates.
Outlook
We maintain our Buy rating on GNA Axles Limited (GNA) with a revised PT of Rs. 946, driven by expectation of 9.7% earning CAGR over FY23-25E, stable margin and attractive valuation.
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