Axles India Limited Unlisted Shares

Axles India logo

Axles India Limited manufactures auto parts. The Company offers drive axle housings, trailer axle beams, hub reduction axle housings for medium and heavy duty commercial vehicles. Axles serves clients in India.

Axles India is a joint venture of Wheels India, Sundaram Finance and Dana Holding Corporation, USA. Axles India has the capability to provide Axle Housings for the entire range of Medium and Heavy Commercial Vehicles.  The production of pressed Axle Housings is at an annual level of 280,000 pressed Axle housings, manufactured in plants at Sriperumbudur and Cheyyar.

Axles India was started in 1982, as a joint venture with Eaton. In 1998, Dana Holding Corporation purchased Eaton Axles Business and Axles India’s shares were part of this arrangement.

Axles India commenced production at its Sriperumbudur plant, with an annual volume of 10,000 axle housings to Ashok Leyland. In 1995, to meet the increased demand of domestic OEMs, an additional facility for Axle Housings was set up at Cheyyar. In 2003, facility to manufacture Drive Head assemblies was installed. In 2006, Export oriented unit (EOU) was established for catering to export markets. In 2011, Drive head business was sold to Dana India Private Limited.

Products – Axles India manufactures Drive Axle Housings, Trailer Axle Beams, Hub Reduction Axle Housings for medium and heavy duty commercial vehicles.

Axles India supplies to Tata Motors, Ashok Leyland, VE Commerical Vehicles, Dana India Private Limited, SML Isuzu, Mahindra Trucks and Buses and Daimler India Commercial Vehicles. It also exports to Dana, USA and Volvo Trucks Asia. The company is ISO/TS16949:2009 and ISO 14001:2004 certified.

Axles India Limited Unlisted Shares Details:

Total Available Shares: 100+
Face Value: ₹ 10 Per Equity Share
ISIN: INE701C01011
Lot Size: 50 Shares
Current Unlisted Share Price: ₹ Best in Industry Per Equity Share
CIN No U27209TN1981PLC008630
 Board of Directors
Sr. No.
Name Designation
1
Mr. S. Ram Chairman
2
Mr. V. Madhavan Managing Director
3
Mr. Srivats Ram Director
4
Mr. Rafael Aquique Director
5
Mr. Saket Sapra Director
6
Mr. Jamie Martel Director
7
Mrs. Radha Unni Director
8
Mr. Jason Miller Director

Shareholding Pattern

As on 31.03.2019

Shareholders’ Name No. of Shares % stake in company
Sundaram Finance Holdings Ltd 9891754 38.82
Wheels India Ltd 2424661 9.51
Dana Global Products Inc 12316415 48.33

Financial Performance 

FY Equity Share Capital Revenue PAT NPM EPS BVPS ROE (%) FV
March 2020 25.48 404.78 12.17 3.01 4.52 53.71 8.42 10.00
March 2019 25.48 621.05 38.06 6.13 14.87 53.99 27.54 10.00
Company details 
SECTOR – Consumer Discretionary
INDUSTRY – Consumer Discretionary Products
SUB-INDUSTRY – Automotive
FOUNDED 02/18/1981
ADDRESS – Singaperumal Koil Road Sriperumbudur, 602105 India
WEBSITE – http://www.axlesindia.com
The company has entered into a lease agreement for land near Jamshedpur for the purpose of putting up a production facility for Axle Housing supply to Tata Motors plant at Jamshedpur as Tata Motors are a large customer for our Axle Housing.
Outlook 
Nearest listed competitor is GNA Axles and Automotive Axles. Valuations of Axles India are attractive compared to listed stocks.

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