Axles India Unlisted Shares
Axles India Limited makes axle housings for automobile companies at two plants in Tamil Nadu. It reported revenue from operations of ₹841.54 crore and profit of ₹68.70 crore for FY25.
Read the full company profileAxles India share details
- Lot size
- 100 shares
- Min. investment
- ₹62,500
- Face value
- ₹10
- Implied market cap
- ₹1,593 Cr
- Shares outstanding
- 25,490,646
- Headquarters
- Chennai, Tamil Nadu
- Website
- axlesindia.com
- ISIN
- INE701C01011
- CIN
- U27209TN1981PLC008630
- Lock-in after IPO
- 6 months
Axles India share price chart
Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.
About Axles India
Strengths
- The company reported revenue from operations of ₹841.54 crore in FY25 and ₹853.88 crore in FY24, which shows a steady business at this scale.
- It earned a profit after tax of ₹68.70 crore in FY25 and ₹86.27 crore in FY24, with earnings per share of ₹26.96 and ₹33.85 respectively.
- Operating cash flow was ₹118.04 crore in FY25, higher than the profit of ₹68.70 crore, so profits were backed by cash.
- Borrowings came down to ₹50.18 crore at 31 March 2025 from ₹82.46 crore a year earlier, against net worth of ₹307.61 crore.
- Finance cost was just ₹0.87 crore in FY25, so interest is a very small drain on profit.
- The company has two plants in Tamil Nadu and sells in both India and the United States, and it plans to start exports to Brazil.
Risks
- Revenue from operations slipped from ₹853.88 crore in FY24 to ₹841.54 crore in FY25, and profit after tax fell from ₹86.27 crore to ₹68.70 crore.
- A big share of sales goes to Dana group companies, which are related parties. For example, sales to Dana Commercial Vehicle Prod. LLC were ₹161.03 crore in FY25, so the business depends heavily on one customer group.
- The directors say haulage truck demand in the USA has slowed and exports were marginally lower, so export volumes are exposed to the US truck cycle.
- The company makes one main product, axle housings, for automobile makers, so it has little protection if vehicle demand weakens.
- Trade receivables were ₹190.70 crore and inventories ₹178.54 crore at 31 March 2025, which together tie up a large part of total assets of ₹518.76 crore.
- The company is unlisted, so its shares have no exchange price and dealing in them depends on finding a counterparty at an indicative price.
- Part of the growth plan rests on new Brazil exports, which the directors only expect to start shortly and which may not fully offset the lower North America volumes.
Axles India financial performance
Revenue, profit and balance-sheet figures by fiscal year.
| Metric | FY25Latest | FY24 |
|---|---|---|
| Revenue (₹ Cr) | 842 | 854 |
| PAT (₹ Cr) | 68.70 | 86.27 |
| PAT Margin (%) | 8.16 | 10.10 |
| RoNW (%) | 22.33 | 31.37 |
| EPS (₹) | 26.96 | 33.85 |
| Debt / Equity | 0.16 | 0.30 |
| Total Assets (₹ Cr) | 519 | 519 |
| Net Worth (₹ Cr) | 308 | 275 |
Swipe the table sideways for earlier years →
Management team
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Axles India unlisted shares: common questions
Important disclaimer
Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.
