Buy Gabriel India, target price Rs 500: Anand Rathi

Anand Rathi has buy call on Gabriel India with a target price of Rs 500. The current market price of Gabriel India Ltd. is Rs 383.45.

Gabriel India Ltd., incorporated in the year 1961, is a Small Cap company (having a market cap of Rs 5489.35 Crore) operating in Auto Ancillaries sector.

Gabriel India Ltd. key Products/Revenue Segments include Shock Absorbers & Struts, Scrap, Sale of services, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 922.86 Crore, up 12.64 % from last quarter Total Income of Rs 819.28 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 49.04 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 55.0 per cent stake in the company as of 31-Mar-2024, while FIIs owned 4.43 per cent, DIIs 12.0 per cent.