Axles India Limited Unlisted Shares

AXLES_INDIA · Consumer Discretionary

Axles India Limited

AXLES_INDIAConsumer Discretionary

₹545

+11.21%

P/E Ratio

17.21

P/B Ratio

3.33

ROE

19.84%

Mkt Cap

₹1,262 Cr

52W Low ₹42552W High ₹750

Settlement

05 Aug 2026

Min. units

100

Price History

▲ ₹390 (+251.61%) over all time

Share Price & Details

Key figures for Axles India Limited

Price: ₹545
Market Cap: ₹1,262 Cr
P/E Ratio: 17.21
P/B Ratio: 3.33
Debt to Equity: 0.03
ROE (%): 19.84%
Book Value: ₹148.87
Face Value: ₹10
Lot Size: 100
Total Shares: 2,54,90,646

About Axles India Limited

Axles India Limited manufactures axle housings and related components for medium and heavy commercial vehicles. Headquartered in Chennai, the company produces pressed axle housings and hub-reduction housings, supplying leading OEMs in India. Capabilities include forming, welding, machining, heat treatment and finishing supported by quality systems. Axles India collaborates with customers on design and validation to meet evolving platform and regulatory requirements. The company’s address is listed in public profiles as 21, Patullos Road, Chennai, Tamil Nadu, with website axlesindia.com. Operations focus on durability, safety and cost-effective supply for domestic and export markets.

Key Highlights

Market Leadership – Commands 30%+ share in India’s commercial vehicle axle segment.
Solid Clientele – Trusted supplier to Tata Motors, Ashok Leyland, Daimler, and Volvo Trucks.
Robust Financial Expansion – Sales surged 179% to ₹854 crore, with PAT up 2,767% to ₹86 crore.

Shareholding Pattern

Others3.33%

Wheels India Limited9.51%

Dana Global Products Inc.48.33%

Sundaram Finance Holdings Limited38.82%

Pros

Market Leadership – Commands 30%+ share in India’s commercial vehicle axle segment.
Solid Clientele – Trusted supplier to Tata Motors, Ashok Leyland, Daimler, and Volvo Trucks.
Robust Financial Expansion – Sales surged 179% to ₹854 crore, with PAT up 2,767% to ₹86 crore.

Cons

Sector Cyclicality – Business is highly dependent on commercial vehicle demand and economic conditions.
Gross Margin Pressure – Declined from 36.38% (2022) to 32.55% (2024) due to rising material costs.
Rising Liabilities – Borrowings increased to ₹82 crore in 2024 after a decrease in 2023.

Analyst Insights

Investment Overview

Axles India Limited is an unlisted company operating in the Consumer Discretionary sector (Auto Components). Axles India Limited manufactures axle housings and related components for medium and heavy commercial vehicles. Headquartered in Chennai, the company produces pressed axle housings and hub-reduction housings, supplying leading OEMs in India. Capabilities include forming, welding, machining, heat tre…

Strengths

: Market Leadership – Commands 30%+ share in India’s commercial vehicle axle segment.
: Solid Clientele – Trusted supplier to Tata Motors, Ashok Leyland, Daimler, and Volvo Trucks.
: Robust Financial Expansion – Sales surged 179% to ₹854 crore, with PAT up 2,767% to ₹86 crore.

Key Risks

: Sector Cyclicality – Business is highly dependent on commercial vehicle demand and economic conditions.
: Gross Margin Pressure – Declined from 36.38% (2022) to 32.55% (2024) due to rising material costs.
: Rising Liabilities – Borrowings increased to ₹82 crore in 2024 after a decrease in 2023.

Valuation View

The current unlisted market price is ₹490.05 per share with a market capitalisation of approximately ₹1262 crore. The company is currently unlisted and investors should factor in illiquidity risk and longer holding horizons. Investors are advised to review the full financial data and consult an advisor before investing.

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