GABRIEL

Gabriel India share price & financials

Price
₹1,197.4
Market cap
₹21.5k Cr
Sector
Automobile and Auto Components
Calls analysed
5
Latest concall · Q1 FY27 · call held 22 Jul 2026

Gabriel India Limited Q1 FY27

Standalone Revenue ₹1,274 cr +19%Standalone EBITDA ₹107 cr +7%Standalone EBITDA Margin 8.4% PBT ₹133 cr +6%

What went well

  • Standalone revenue grew 19% YoY to INR 1,274 crores, driven by core suspension, aftermarket, and Anchemco business.
  • Consolidated revenue grew 15.5% YoY to INR 1,426 crores.
  • Successful completion of Project Rise and approval of Project Jupiter, significantly expanding product offerings and market reach.

What to watch

  • Standalone EBITDA increased only 7% to INR 107 crores, with margin at 8.4%, indicating margin compression compared to consolidated 8.7%.
  • Commodity price volatility and geopolitical developments (Middle East situation) impacted input costs and profitability, particularly for Henkel.
Read the full call →

What Gabriel India Limited does

Gabriel India Limited, part of the Anand Group, designs and manufactures ride-control products — shock absorbers, front forks, struts and gas springs — supplied to original equipment manufacturers across two/three-wheelers, passenger vehicles and commercial vehicles, and sold through its aftermarket network. It has also diversified into railway suspension dampers (branded Shox) for coach and locomotive builders, e-bike suspension components (air/coil forks, dropper posts) for European markets, and solar-tracker dampers for solar-panel installations. Through subsidiaries and joint ventures it has expanded into sunroofs (IGSSPL, with Netherlands-based Inalfa Roof Systems), automotive fasteners (with Korea's Jinhap) and lubricants/functional fluids (with SK Enmove of Korea).

Segments

  • Two/Three-Wheelers (2W/3W)
  • Passenger Vehicles (PV)
  • Commercial Vehicles (CV) & Railways
  • Aftermarket
  • Exports
Core products
Shock absorbers, front forks, struts and gas springs (ride-control components)
Manufacturing plants
Multiple plants across India including Chakan, Chakan-2, Dewas, Hosur, Hosur-2 and Nashik
R&D / Tech Centres
Tech Centres in Chakan, Hosur and Pune, plus the Gabriel Europe Engineering Centre (GEEC) in Belgium
Market position
Market leader in Commercial Vehicle (CV) suspension supply to OEMs such as Tata Motors, Ashok Leyland and Mahindra & Mahindra
Electric two-wheeler suspension
Leading supplier of suspension systems to electric two-wheeler OEMs
Railway heritage
Supplies suspension dampers (Shox) to Indian Railways coach and locomotive builders (ICF, RCF, MCF) since 1978
Founded 1961

Guidance record · Q1 FY27

what the last two calls moved 16 tracked 0 delivered 7 missed 9 open
  • EPS Accretion missed said Q4 FY25 Promised: INR 7 per share for FY25 (40% on current scale) Q1 FY27: The underlying restructuring (Project Rise) was successfully completed, which is expected to contribute to future EPS acceleration. However, the original FY25 target remains missed.
  • Passenger Car Market Share at risk said Q2 FY26 Promised: 4% to 5% increase starting from next year (FY27) Q1 FY27: The company's passenger vehicle segment grew only 5.5% YoY, underperforming the market's 15% growth. This performance is contrary to the targeted market share increase for FY27.
  • Group Revenue on track said Q4 FY25 Promised: INR 50,000 crores by 2030 Q1 FY27: Management reaffirmed the target ('INR50,000 crores, we will be targeting in 2030') and announced two major acquisitions (Project Jupiter) to significantly expand the business scope towards this goal.

All 16 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 15.6%, net profit up 2.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,027 1,017 1,073 1,234 1,180 +15%1,179 +16%1,381 +29%1,426 +16%
EBITDA99 91 109 118 113 +14%107 +18%133 +22%124 +5%
Net profit63 60 64 105 69 +10%55 −8%119 +86%108 +3%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +6.6% 1Y

₹0.8k₹1.0k₹1.2k₹1.4k₹1.6kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 13 Nov 2025Q3 FY26 — 3 Feb 2026Q4 FY26 — 27 May 2026Q1 FY27 — 22 Jul 2026

1Y: ₹1,262.9 on 10 Sept 2025 → ₹1,346.4. High ₹1,587.7 (5 Aug 2026), low ₹823.1 (27 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−4.3%
22 Jul
Q4 FY26
−2.6%
28 May
Q3 FY26
−2.1%
3 Feb

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 18.7% a year over 3 years, FY23 to FY26. Operating margin widened to 9.5%.

Year endingFY23FY24FY25FY26
Revenue₹3.0k Cr₹3.4k Cr₹4.1k Cr₹5.0k Cr
Operating profit₹213 Cr₹293 Cr₹390 Cr₹471 Cr
Operating margin7.2%8.6%9.6%9.5%
Interest₹4 Cr₹8 Cr₹10 Cr₹19 Cr
Depreciation₹49 Cr₹60 Cr₹81 Cr₹112 Cr
Net profit₹133 Cr₹178 Cr₹245 Cr₹348 Cr
Net margin4.5%5.2%6.0%7.0%
Cash from operations₹136 Cr₹177 Cr₹204 Cr₹345 Cr
Free cash flow₹49 Cr₹16 Cr₹0 Cr₹108 Cr
ROCE——28.0%26.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹14 Cr₹14 Cr
Reserves₹682 Cr₹752 Cr₹856 Cr₹988 Cr₹1.2k Cr₹1.4k Cr
Borrowings₹15 Cr₹13 Cr₹11 Cr₹75 Cr₹29 Cr₹148 Cr
Other liabilities₹485 Cr₹573 Cr₹547 Cr₹702 Cr₹746 Cr₹911 Cr
Total liabilities₹1.2k Cr₹1.4k Cr₹1.4k Cr₹1.8k Cr₹2.0k Cr₹2.4k Cr
Fixed assets₹353 Cr₹385 Cr₹420 Cr₹543 Cr₹580 Cr₹781 Cr
Capital work in progress₹28 Cr₹20 Cr₹35 Cr₹56 Cr₹50 Cr₹100 Cr
Investments₹15 Cr₹84 Cr₹80 Cr₹103 Cr₹31 Cr₹121 Cr
Other assets₹800 Cr₹864 Cr₹893 Cr₹1.1k Cr₹1.4k Cr₹1.4k Cr
Total assets₹1.2k Cr₹1.4k Cr₹1.4k Cr₹1.8k Cr₹2.0k Cr₹2.4k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters added +8.55 pp while the public trimmed −6.83 pp.

Promoters
63.5%
FIIs
6.3%
DIIs
12.9%
Public
17.2%

Since Jun 2025

  • Promoters +8.55 pp
  • Public −6.83 pp
  • DIIs −2.10 pp

How it drifted, 12 quarters

Over this window the public fell from 30.3% to 17.2% — −13.1 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 55.0%, FIIs 3.0%, DIIs 11.7%, Public 30.3%.Dec '23: Promoters 55.0%, FIIs 4.1%, DIIs 12.2%, Public 28.7%.Mar '24: Promoters 55.0%, FIIs 4.4%, DIIs 12.0%, Public 28.6%.Jun '24: Promoters 55.0%, FIIs 4.9%, DIIs 12.1%, Public 28.0%.Sep '24: Promoters 55.0%, FIIs 5.5%, DIIs 12.9%, Public 26.6%.Dec '24: Promoters 55.0%, FIIs 5.3%, DIIs 13.5%, Public 26.2%.Mar '25: Promoters 55.0%, FIIs 5.2%, DIIs 14.7%, Public 25.1%.Jun '25: Promoters 55.0%, FIIs 6.0%, DIIs 15.0%, Public 24.0%.Sep '25: Promoters 55.0%, FIIs 6.5%, DIIs 15.7%, Public 22.8%.Dec '25: Promoters 55.0%, FIIs 6.5%, DIIs 16.2%, Public 22.3%.Mar '26: Promoters 55.0%, FIIs 6.6%, DIIs 16.3%, Public 22.1%.Jun '26: Promoters 63.5%, FIIs 6.3%, DIIs 12.9%, Public 17.2%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 4 holders trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Gabriel India Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Asia Investments Private Limited 42.67%−9.97 pp
Anfilco Limited held shares on behalf of Anand Automobiles 18.58%newly disclosed
HDFC Mutual Fund - HDFC BSE 500 ETF Mutual fund6.56%newly disclosed
Kiran Anand 1.55%−0.36 pp
Union Balanced Advantage Fund Mutual fund1.34%newly disclosed
Motilal Oswal Focused Fund Mutual fund1.17%−0.53 pp
Anfilco Limited 0.37%+0.37 pp
Anjali Singh 0.36%−0.09 pp
Tejbir Singh 0.02%unchanged
APAG Elektronik Private Limited 0.00%unchanged
SUJAN Luxury Hospitality Private Limited 0.00%unchanged
Valeo Friction Material India Private Limited 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in GABRIEL

Filings to Aug 2026

0 new, 5 added, 1 trimmed, 0 sold out — net −0.89 L shares (−0.7%).

Held by funds
₹1.9k Cr
9 schemes
Biggest holder
HDFC Small Cap Fund
₹1.4k Cr · 3.3% of that fund
SchemeHoldingLast month
HDFC Small Cap Fund HDFC Mutual Fund₹1.4k Cr−1.20 L
SBI Automotive Opportunities Fund SBI Mutual Fund₹190 Crheld
HDFC Multi Cap Fund HDFC Mutual Fund₹133 Crheld
HDFC Transportation and Logistics Fund HDFC Mutual Fund₹123 Crheld
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹15 Cr+0.20 L
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹7 Cr+0.10 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L
SBI Nifty 500 Index Fund SBI Mutual Fund₹0 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

5 added, 1 trimmed — net −88,889 shares (−0.7%)

Funds are sitting on
+318%
vs est. average cost
Held by funds
₹1.9k Cr
9 schemes · ≈ 7.2% of the company
Biggest holder
HDFC Small Cap Fund
₹1.4k Cr · 3.3% of that fund

Shares held by these funds −13%

Aug '23 1.29 cr shares Jul '26

What the price assumes

Expensive

To justify its price of ₹1346, this stock must grow earnings at 38% every year for 7 years. Our analysis caps realistic growth at ~26%. At that growth it is worth ₹748 — downside of 44%.

Growth the price implies
37.9% a year
for 7 years, fading to 4%
It has actually compounded at
25.7% a year
net profit, FY23–FY26 · EPS 25.8%
The gap
0.1 pp
-44% downside if it only repeats history
Price today ₹1,346.4 Value at the reference growth ₹747.56

Change the assumptions yourself →

All earnings calls (4)

Read the Q1 FY27 call →

Learn to analyse Gabriel India Limited

Guides on how to read this kind of business and the numbers that matter.