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×

g g automotive gears Limited

35.00
+ 0.00 %
Scrip Name
GG Auto
ISIN No.
INE493B01017
PAN No.
AAACG1588N
Face Value
10
No. of Outstanding Shares
7,916,000
Market Capitalization
27.71 Crore
Book value
25.76
P/BV
1.359
EPS
0.525
PE ratio
66.667
Available on
ROFR Required
No

G. G. AUTOMOTIVE GEARS LIMITED UNLISTED SHARE

 

G. G. AUTOMOTIVE GEARS LIMITED is engaged in the business of design, manufacture, supply and servicing of Gears and Pinions &Gear boxes. The company was established in 1974 and is based in Dewas, Madhya Pradesh. G G Automotive Gears Limited is a market leader in traction gear business because of its unmatched cost, quality and delivery standards.

 

The company has a wide ranging product portfolio including spur, Helical, double helical/herringbone, internal rings, bevel/spiral bevel, spur/helical shafts, reduction gear boxes, forged component/blank and worm gears. The company’s products have applications in various areas including railway gears & shafts, forged components & machined blanks, Industrial gears & gearboxes and Mining & earth moving equipment spares.

 

G. G. AUTOMOTIVE GEARS LIMITED has the capacity to manufacture gears ranging from 1 to 35 modules, 100 mm to 1500 mm in OD up to DIN 4 in quality, and forged components from 10-100 kg in finished weight. Currently, the gear division can produce up to 500 large gearwheels and 1500 pinions & shafts monthly while the forging division can produce up to 500 MT of forgings monthly.

 

The company’s largest customer is Indian Railways. The company has served to all the major production units of Indian Railways. The company also serves to zonal and metro railway divisions. Apart from India Railways, G G Automotive Gears Limited has large industrial giants as its customer such as Tata Steel, L&T, etc.

 

The equity shares of G G Automotive Gears Limited were listed on Bombay Stock Exchange. But the trading of shares has been suspended due to non-compliance issues.

 

INCORPORATION DETAILS

 

CIN

L29130MP1974PLC035049

Registration Date

15 February 1974

Category/Sub-category of the Company

Limited by Shares

Address of the Registered office and contact details

2-A, I.S. Gajra Industrial Area-1, A.B. Road,

Dewas, Madhya Pradesh - 455001

Tel: 91 (7272) 405310

E-mail: ggmarketing@ggautomotive.com

Name, Address and Contact Details of

Registrar and Transfer Agent, if any

Purva Sharegistry (India) Private Limited

9, Shiv Shakti Industrial Estate,

J. R. Boricha Marg, LowerParel (East),

Mumbai – 400 013

Tel: 91-22-2301 6761 / 8261

Email: support@purvashare.com

 

PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY

Name and Description of main products/services

NIC Code of the product/service

% to total turnover of the Company

Manufacturing of Railway Gears &Pinions, Industrial Gear, IndustrialGear Boxes

2814

100%

 

BOARD OF DIRECTORS

Mr. Kennedy Ram Gajra (Managing Director& CEO)

Mr. Anmol Gajra (Whole Time Director)

Mr. Shailendra Ajmera (Non-Executive Independentdirector)

Mr. Pravin Kumar Shishodiya (Non-Executive Independent Director)

Mrs. Ruchi Sogani (Non-Executive Independent Director)

 

PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES

G. G. AUTOMOTIVE GEARS LIMITED does not have any subsidiary or associate company.

 

G. G. AUTOMOTIVE GEARS LIMITEDUNLISTED SHARE DETAILS

 

Total Available Shares:

79,16,167

Face Value:

Rs. 10 Per Equity Share

ISIN:

INE493B01017

PAN Number

AAACG1588N

Current Price 

Rs. 35

Lot Size:

100

Market Capitalization:

Rs. 27.71 Crore

 

SHAREHOLDING PATTERN

(As on 31-03-2020)

S. No.

Shareholders’ Name

Number of shares

% of total Shares of the company

1

Promoters Shareholding

24,31,268

30.71

2

Public Shareholding

54,84,899

69.29

 

Total

79,16,167

100

 

INDUSTRY OUTLOOK

The global automotive gear market is expected to grow at a considerable rate for the next few years, primarily on the account of growing automotive industry. The growth in automotive industry is an outcome of the increased production of passenger vehicles in the recent years. Moreover, increasing installation of automated and mechanized parts in automobiles, advancements in technology, demand for smooth gear shifts and enhanced acceleration are driving growth of the automotive gear industry. Asia Pacific is projected to have the largest market for automotive gears, with India and China being the leader in the industry.

 

The automotive gears industry in FY 2020 has been largely static. The market for Gear is trending towards higher sizes due to larger capacities being planned by the various users. Accompanying these trends is the scaleup in capital equipment sizes, newer technologies, energy efficiency and spacereduction are emerging askey drivers in the Gear industry. India, in recent years,has witnessed a considerable  growth in the planetary Gearsegment signalling a maturing of themarket.Recently, the outlook for auto component industry has changed from Negative to Stable backed by increase in demand across Original Equipment manufacturers, replacements and exports.

 

Due to COVID 19 pandemic and nationwide lockdown, the industry faced hard times because of initial disturbances in supply chain management, and aggregate demand reaching normal levels. There was downwardsentiment overall. However,  G G Automotive Gears Limited with strong market presence in the Indian railways and with lucrative opportunities opening up in the global railway market can perform much better than any other automotive gear manufacturer. Additionally, G G Automotive Gears Limited foray into diversified markets such as earth movingequipment, mining, steel andindustrial applications should help the company insulate from negative business cycle effects as a result of thepandemic. The company aims to maintain its dominant position in the Indian Railways and explore newer markets globally.

 

 

PROFIT AND LOSS OF G. G. AUTOMOTIVE GEARS LIMITED                      (In Rs. Lakhs)

 

Particulars

FY 2021

FY 2020

FY 2019

FY 2018

Revenue from Operations

3,006.23

5,610.04

5,473.91

4,234.46

EBITDA

221.63

852.06

925.27

784.79

EBITDA margin

7.37%

15.19%

16.90%

18.53%

Finance Cost

204.77

280.46

236.38

160.66

Depreciation

308.26

312.95

287.63

278.22

Other Income

29.03

38.24

68.09

17.47

Profit Before Tax

-291.4

296.9

469.35

363.37

Total Tax

-45.72

123.81

109.8

100.25

Profit After Tax (PAT)

-245.68

173.09

359.55

263.12

EPS

-3.1

2.19

4.54

3.32

 

BALANCE SHEET OF G. G. AUTOMOTIVE GEARS LIMITED (In Rs. Lakhs)

Particulars

2020

2019

ASSETS

   

NON CURRENT ASSETS

   

Tangible assets

3,053.42

3,036.27

Intangible assets

10.18

1.61

Financial assets

77.21

161.52

Other noncurrent assets

38.86

0.00

Income tax assets

43.27

47.52

TOTAL NON CURRENT ASSETS

3,222.93

3,246.92

CURRENT ASSETS

   

Inventories

888.96

461.66

Trade receivables

1,315.65

1,712.32

Cash and cash equivalents

227.28

73.67

Other current assets

968.43

902.14

TOTAL CURRENT ASSETS

3,400.31

3,149.80

TOTAL ASSETS

6,623.24

6,396.72

EQUITY AND LIABILITIES

   

EQUITY

   

Equity share capital

791.62

791.62

Other equity

1,451.68

1,278.59

TOTAL EQUITY

2,243.30

2,070.21

LIABILITIES

   

NON CURRENT LIABILITIES

   

Borrowings

651.38

1,302.82

Lease liability

62.21

0.00

Deferred tax liability

343.85

295.15

TOTAL NON CURRENT LIABILITIES

1,057.44

1,597.97

CURRENT LIABILITIES

   

Borrowings

1,430.79

1,199.07

Trade payables

1,354.57

991.77

Other financial liabilities

440.96

422.85

Tax liabilities

7.49

27.52

Other current liabilities

88.69

87.33

TOTAL CURRENT LIABILITIES

3,322.51

2,728.55

TOTAL LIABILITIES

4,379.95

4,326.51

TOTAL EQUITY AND LIABILITIES

6,623.24

6,396.72

 

DIVIDEND HISTORY

Particulars

2020

2019

2018

Dividend (final + interim) (In Rs.)

Nil

Nil

Nil

Retained Earnings (Consolidated) (In Rs. Lakhs)

1,433.77

1,260.67

901.12

 

PERFORMANCE OF THE COMPANY

Revenue from Operations decreased by 46.41% from Rs. 5,610.04 Lakhs in FY 2020 to Rs.3,006.23 Lakhs in FY 2021. In 3 quarters of FY 2021, the company collected Rs. 2,433.61 Lakhs of revenue from Operations.

 

EBITDA of the company fell around 74% from Rs. 852.06Lakhs in FY 2020 to Rs. 221.63 Lakhs in FY 2021. EBITDA margins of the company fell from 15.19% in FY 2020 to 7.37% in FY 2021. In 3 quarters of FY 2021, the company’s EBITDA stood at Rs. 180.96 Lakhs only.

 

Profit after Tax decreased by 241.94% in FY 2021 and touched loss of Rs. 245.68 Lakhs against profit of Rs.173.09 Lakhs in FY 2020. In 3 quarters of FY 2021, the company incurred a net loss of Rs. 178.53 Lakhs.

 

Current ratio of the company as on 31st March 2020 was 1.03. Debt to Equity ratio of the company as on 31st March 2020 was 0.28.Return on net worth of the company for FY 2020 was 6.54%.

 

G. G. Automotive Gears Limited has not given any dividend from the past 3 years.

 

Total book value of the company as of 31st March 2020 Rs. 2,243.30 Lakhs which translates to book value of Rs. 28.33 per equity share.

 

 

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Annual Reports

2020-21

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