The Jalandhar based GNA Axles Limited is coming out with an IPO on September 14 which comprises of an issue of up to 6,300,000 equity shares. The company has fixed a price band of Rs 205-207 per equity share of face value of Rs 10 for the issue.
Here is a brief comparison of financials of IPO bound GNA Axles Limited with its peer company Talbros engineering and Automotive axles India
| Year 2016 | |||
| GNA Axles | Automotive Axles | Talbros Engineering | |
| Revenue from Operations | 502.56 | 1144.26 | 139.31 |
| PBT | 39.31 | 51.52 | 5.21 |
| PAT | 25.96 | 38.03 | 3.36 |
| NPM | 5.17 | 3.32 | 2.41 |
| EPS | 17.11 | 25.17 | 13.23 |
| Share Capital | 15.17 | 15.11 | 2.54 |
| Net worth | 136.11 | 327.2 | 35.82 |
| RONW% | 19.07 | 11.62 | 9.38 |
| NAV | 89.77 | 223.87 | 141.12 |
| FV | 10 | 10 | 10 |
| Last Price / Issue Price | 207 | 741.55 | 216.45 |
| CAGR Sales 3 Years | 18.01 | 19.11 | 2.4 |
| CAGR Sales 12m | 13.24 | 30.58 | 9.27 |
| CAGR NP 3 years | 20.19 | 39.95 | -12.76 |
| CAGR NP 12m | 75.41 | 72.08 | -27.64 |
| PE Ratio | 12.1 | 29.46 | 16.36 |
| PE Ratio (on Post iPO equity) | 17.12 | ||
Based on the issue price and some parameters like RONW & Net profit margin, GNA axles seems to be doing well and could merit attention.
GNA AXLES LTD IPO : COMPARISON WITH OTHER PEERS