Gabriel India's Q1 2024 Financial Results Show Strong Growth and Positive Trends

Interest Coverage Ratio - Quarterly: Lowest at 2.74 in the last five quarters.Company's ability to pay interest on its debt has decreased.
Debt to Equity Ratio - Quarterly: Highest at 0.04 in the last five quarters.Company has higher debt in its capital structure.
Debt to Equity Ratio - Quarterly: At 0.04 has Increased from 0.03 in the last quarter.Company has increased its debt in the last quarter.

Gabriel India, a leading player in the auto ancillary industry, has recently announced its financial results for the quarter ending June 2024. The company has shown a very positive performance, with its score improving from 19 to 22 in the last three months.

One of the key factors contributing to this growth is the company's strong operating cash flow, which has been consistently increasing over the last three years. This indicates that Gabriel India has been able to generate higher revenues from its business operations. Additionally, the company's operating profit margin has also seen a significant improvement, reaching its highest at 9.58% in the last five quarters. This shows that the company has become more efficient in managing its costs.

In terms of sales, Gabriel India has achieved its highest quarterly net sales of Rs 946.57 crore in the last five quarters, indicating a positive trend in the near term. The company's operating profit (PBDIT) has also reached its highest at Rs 90.72 crore in the last five quarters, with a positive trend in the near term. Similarly, the profit before tax (PBT) has also shown a positive trend, reaching its highest at Rs 69.72 crore in the last five quarters and growing at 32.60% year on year.

The company's profitability has also seen a significant improvement, with the highest quarterly profit after tax (PAT) of Rs 57.59 crore in the last five quarters and a growth of 37.1% year on year. This has resulted in a higher earnings per share (EPS) of Rs 4.01, indicating that Gabriel India has created higher earnings for its shareholders.

In terms of dividends, the company has consistently distributed higher dividends to its shareholders, with the highest dividend per share (DPS) of Rs 4.00 in the last five years. This is also reflected in the dividend payout ratio (DPR) of 31.03%, which is the highest in the last five years.

However, there are some areas that need improvement for Gabriel India. The company's non-operating income has increased, but it may not be sustainable in the long term. Additionally, the interest coverage ratio has decreased, indicating a decrease in the company's ability to pay interest on its debt. The debt to equity ratio has also increased, with the company taking on more debt in the last quarter.

Overall, Gabriel India's financial performance for the quarter ending June 2024 has been very positive, with strong growth in key areas. Investors can take note of the company's improving financials and the 'Buy' call by MarketsMOJO.