Axles India Limited

Axles India Limited

Other Unlisted Active
INE701C01011 Est. 1982 Website
Current Price 24 Aug 2026
₹548.00

Min lot: 100 shares

Market Cap ₹1,397 Cr
P/E Ratio 19.1x
EPS ₹28.74
Face Value ₹10.00
Book Value ₹144.90
P/B Ratio 3.78x
Min Lot 100 sh.
Total Debt ₹11 Cr

Price Trend

Period Change
Period High
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Prices shown are indicative unlisted-market bid prices, updated periodically.

About Axles India Limited

Axle housings are not something most people think about. Every truck on the road has one.

Axles India has been making them since 1982, out of Chennai, as a joint venture between TSF Investments Limited and Wheels India. Technology tie ups with Eaton and Dana helped in the earlier years.

The core product is axle housings and the components around them, for light, medium and heavy commercial vehicles, sold at home and shipped abroad. Three plants handle it, at Sriperumbudur, Cheyyar and Jamshedpur.

The customer list is the useful part. Tata Motors, Ashok Leyland and Daimler India Commercial Vehicles, plus export orders. Supplying OEMs at that level means design validation and quality certification are not optional extras, they are the price of getting through the door.

Financial Highlights

All figures are in Crores (₹)

FY23FY24FY25FY26 YOY %CAGR %
Net Sales746.4853.9841.5871.2+3.5%+5.3%
Other Income-0.401.205.2016.7+221.2%+246.9%
Total Income745.9855.1846.8887.9+4.9%+6.0%
Operating Profit83.9130.2105.6110.7+4.8%+9.7%
Interest1.501.300.901.00+11.1%-12.6%
Depreciation11.713.411.513.1+13.9%+3.8%
Total Expenditure675.2739.6753.6791.3+5.0%+5.4%
Exceptional Income0.000.000.000.00
PBT70.7115.593.296.6+3.6%+11.0%
TAX18.129.224.523.3-4.9%+8.8%
PAT52.686.368.773.2+6.6%+11.6%
EPS (₹)₹20.63₹33.84₹26.96₹28.74+6.6%+11.7%
FY23FY24FY25FY26 YOY %CAGR %
Shareholder Funds211.1275.0307.6369.5+20.1%+20.5%
Total Debt53.782.550.210.6-78.9%-41.8%
Current Liabilities195.1226.0191.3157.9-17.5%-6.8%
Non Current Liabilities10.217.719.815.7-20.7%+15.5%
Total Liabilities416.5518.7518.8543.0+4.7%+9.2%
Current Assets347.3430.5411.7440.9+7.1%+8.3%
Non Current Assets69.288.2107.1102.1-4.7%+13.8%
Total Assets416.5518.7518.8543.0+4.7%+9.2%
FY23FY24FY25FY26 YOY %CAGR %
Cash Flow From Operating Activities17.831.8118.098.8-16.3%+77.1%
Cash Flow From Investing Activities-12.2-31.6-29.8-1.50+95.0%+50.3%
Cash Flow From Financing Activities-16.64.40-69.0-50.8+26.4%-45.2%
Free Cash Flow4.301.3086.190.6+5.2%+176.2%
FY23FY24FY25FY26YOY %
ROE(%)24.9031.4022.3019.80-11.2%
ROCE(%)20.1025.1020.4020.40+0.0%
ROA(%)12.6016.6013.2013.50+2.3%
Current Ratio(x)1.801.902.202.80+27.3%
Debt / Equity(x)0.250.300.160.03-81.3%

No documents available yet.

Net Sales (in Cr.)

Total Income (in Cr.)

Net Profit (in Cr.)

Operating Profit (in Cr.)

Shareholder Funds (in Cr.)

Total Assets (in Cr.)

Operating Cash Flow (in Cr.)

Investing Cash Flow (in Cr.)

Financing Cash Flow (in Cr.)

Free Cash Flow (in Cr.)

Company Information

ISIN INE701C01011
Industry Other
Category Pre IPO
Incorporated 1982
Min Lot Size 100 shares
Demat Required Yes
ROFR Applicable No

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