Gabriel India - Topline Prospects Healthy; EV Opportunity Gets Bigger: ICICI Direct
Shock absorbers manufactured by Gabriel India Ltd. (Source: Company website)

Gabriel India - Topline Prospects Healthy; EV Opportunity Gets Bigger: 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. reported a solid Q3 FY21 performance.

Net sales for the quarter were at Rs 536.5 crore, up 17.8% YoY, broadly following the underlying volume growth at key original equipment manufacturers.

Ebitda in Q3 FY21 was at Rs 39.1 crore with corresponding Ebitda margins at 7.3% (up 20 basis points YoY but down 60 basis points QoQ).

Profit after tax in Q3 FY21 was at Rs 24.5 crore, up 40% YoY.

The company is a leading player in the domestic suspension space with a presence across market segments (two-wheeler, passenger vehicle, commercial vehicle formed 67%, 20%, 12% of FY20 sales, respectively).

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ICICI Direct Gabriel India Company Update.pdf


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