Company Overview

GNA Axles Limited (BSE: 540124, NSE: GNA) disclosed its comprehensive FY26 financial results and AGM notice through regulatory filings dated May 8, 2026 and June 6, 2026.

Financial Performance

Revenue & Profitability:

  • Total operating revenue declined 4% to ₹1,478.42 Cr (₹14,444.45 Lacs) from ₹1,539.74 Cr in FY25
  • Export sales decreased to ₹678.69 Cr due to US tariffs, while domestic sales grew 13.94% to ₹765.76 Cr
  • Profit Before Tax increased 9.31% to ₹157.69 Cr
  • Profit After Tax rose 9.22% to ₹116.99 Cr (₹11,695.09 Lacs)
  • Basic & Diluted EPS stood at ₹27.25 vs ₹24.95 in FY25

Operational Metrics:

  • Sold 40.83 lakh rear axle shafts and 9.43 lakh spindles
  • Geographic revenue split: 45.91% exports (₹678.69 Cr) and 54.09% domestic (₹765.76 Cr)
  • Segment performance: Off Highway (Domestic 20.18L units, Exports 2.64L units), Commercial Vehicles (Domestic 11.31L units, Exports 20.82L units)

Capital Structure & Borrowings

  • Equity share capital remained unchanged at ₹42.93 Cr (42,930,800 shares of ₹10 each)
  • Secured term loans totaling ₹12,984.60 Lacs from banks and Bajaj Finance Limited
  • Current maturities of borrowings: ₹3,420.68 Lacs
  • Debt-equity ratio maintained at 0.22:1 with current ratio of 2.37:1

Shareholding Pattern & Ownership

Key Shareholders (as of March 31, 2026):

  • Ranbir Singh: 36.21% (15,599,389 shares)
  • Jasvinder Singh: 15.00% (6,442,200 shares)
  • Maninder Singh: 10.60% (4,549,426 shares)
  • HDFC Small Cap Fund: 9.58% (4,112,102 shares)
  • Gursaran Singh: 2.50% (1,075,000 shares)

AGM & Corporate Actions

33rd Annual General Meeting Details:

  • Date: June 30, 2026 at 12:30 PM via audio-visual means
  • Record Date: June 23, 2026 for dividend payment and voting eligibility
  • Remote E-voting: June 27-29, 2026

Business Items:

1. Adoption of standalone and consolidated financial statements

2. Declaration of ₹3 per equity share dividend (30% payout, ₹12.88 Cr outflow)

3. Re-appointment of Jasvinder Singh and Kulwin Seehra as directors

Subsidiaries & Expansion

  • GNA Axles Inc (Michigan, USA): 100% subsidiary, reported loss of $50,137.33, not yet operational
  • GNA Mobility Limited: Newly incorporated 100% subsidiary focused on expanding automotive components portfolio
  • Total investment in subsidiaries: ₹5.66 lakhs

Corporate Governance & Compliance

  • Board composition: 12 directors (6 Independent, 6 Non-Independent) with 91.84% meeting attendance
  • Women representation: 8.33% (1 out of 12 directors)
  • CSR expenditure: ₹3.10 Cr against prescribed ₹3.005 Cr
  • Statutory auditors: G S Syal & Co. (appointed till March 31, 2029)
  • No material related party transactions or regulatory orders impacting going concern

Key Ratios & Metrics

  • Return on Equity: 11.65%
  • Net Profit Ratio: 8.10%
  • Inventory Turnover Ratio: 6.54 times
  • Debt Service Coverage Ratio: 4.21:1
  • Return on Capital Employed: 14.17%

ESG Initiatives

  • Solar power capacity increased to 6 MW from 1.2 MW in FY24
  • Water consumption: 94,086 KL with rainwater harvesting initiatives
  • Employee strength: 1,702 employees as of March 31, 2026

The company maintained strong financial discipline despite export challenges, demonstrating resilience through domestic growth and operational efficiency improvements.