GNA Axles Spreading Wings: Dolat Capital
Rear axles sit in production line. (Photographer: SeongJoon Cho/Bloomberg)

GNA Axles Spreading Wings: Dolat Capital

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.

Dolat Capital Report

Established in 1993, GNA Axles Ltd. is a leading supplier of rear axle shafts, spindles and drive shafts used in commercial vehicle and off-highway vehicles (tractors and construction equipment).

Domestic and export revenue mix stands at 66% and 34% respectively.

Off highway vehicle contribution accounts for more than 85% of domestic revenue and commercial vehicle contributes approximately 90% of export revenue.

We believe strong performance from the domestic tractor market and sharp recovery in the global commercial vehicles market would be key drivers for the company’s revenue growth.

Click on the attachment to read the full report:

Dolat Capital GNA Axles Company Update.pdf

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