Gabriel India Limited — PPTs, 20-05-2025: Investor Presentation

**Gabriel India Limited Q4FY25 & FY25 Update**

**1. Financial Highlights:**

Revenue grew 9% YoY to Rs. 3,630 Cr in FY25. EBITDA rose 10.6% to Rs. 324 Cr, maintaining margins near 8.9%. Profit before tax increased 13.9% to Rs. 285 Cr, with PAT up 14.4% to Rs. 212 Cr, reflecting a 5.8% margin. Net cash improved to Rs. 308 Cr. Capex increased to Rs. 128 Cr from Rs. 83 Cr, signaling investment in expansion and modernization. Working capital days expanded temporarily due to SAP migration but are expected to normalize.

**2. Strategic Initiatives & Growth Drivers:**

Gabriel is expanding exports targeting global OEMs and aftermarket in Latin America, Africa, and North America. It launched new products like alloy wheels for motorcycles and solar dampers, with manufacturing of the latter starting FY26. The sunroof JV capacity is ramping up, supported by strong R&D efforts—85 patents filed—focused on electrification and high-speed rail.

**3. Business Developments:**

The acquisition of Marelli Motherson Auto Suspension’s assets adds capacity for 3.2 million shock absorbers and 1 million gas springs, enhancing suspension segment scale. The Inalfa JV’s new plant is increasing production for Hyundai and Kia sunroof systems.

**4. Market Position & Competitive Advantage:**

As a leader in the aftermarket with 40%+ market share, Gabriel benefits from a six-decade legacy, integrated manufacturing, advanced R&D, and experienced management. Its diverse client base spans 2W, 3W, PV, CV, and rail, giving it a strong competitive moat supported by scale and quality focus.

**5. Investor Implications:**

Steady margin expansion, robust cash flow, and strategic capacity growth point to positive growth potential. Investors should watch execution risks related to capacity integration and working capital normalization. Growth in exports, product diversification, and sustainability initiatives support medium-to-long-term value creation.