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Gabriel India - Electric Vehicle Immune Product Profile, Bullish Stance Retained: ICICI Direct

Gabriel India - Electric Vehicle Immune Product Profile, Bullish Stance Retained: ICICI Direct

Gabriel India - Electric Vehicle Immune Product Profile, Bullish Stance Retained: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Gabriel India Ltd. is a global top-10 shock absorber manufacturer serving two-wheeler, three-wheeler, passenger vehicle, commercial vehicle, railway and aftermarket segments.

Gabriel India posted muted Q1 FY22 results.

On account of relatively smaller aftermarket exposure, net sales tracked wider original equipment manufacturer industry decline during the quarter of more than 30%, falling ~22%.

Margin decline was entirely due to negative operating leverage, with gross margins stable sequentially in Q1 FY22.

Other income (Rs 2.7 crore) was lower than earlier run rate, aided profit after tax decline.

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ICICI Direct Gabriel India Company Update.pdf

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