gna

The Jalandhar based  GNA Axles Limited is coming out with an IPO on  September 14 which comprises of an issue of up to 6,300,000 equity shares.  The company has fixed a price band of Rs 205-207 per equity share of face value of Rs 10 for the issue.

Here is a brief comparison  of  financials of IPO bound GNA Axles Limited with its peer company Talbros engineering and Automotive axles India

 

Year 2016
GNA Axles Automotive Axles Talbros Engineering
Revenue from Operations 502.56 1144.26 139.31
PBT 39.31 51.52 5.21
PAT 25.96 38.03 3.36
NPM 5.17 3.32 2.41
EPS 17.11 25.17 13.23
Share Capital 15.17 15.11 2.54
Net worth 136.11 327.2 35.82
RONW% 19.07 11.62 9.38
NAV 89.77 223.87 141.12
FV 10 10 10
Last Price / Issue Price 207 741.55 216.45
CAGR  Sales 3 Years 18.01 19.11 2.4
CAGR Sales 12m 13.24 30.58 9.27
CAGR NP 3 years 20.19 39.95 -12.76
CAGR NP  12m 75.41 72.08 -27.64
PE Ratio 12.1 29.46 16.36
PE Ratio (on Post iPO equity) 17.12

Based on the issue price and some parameters like RONW & Net profit margin, GNA axles seems to be doing well and could merit  attention.

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