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Synopsis: Auto component maker unveiled strategic investments to strengthen its mobility technology portfolio, expanding into advanced automotive segments while enhancing its product offerings, long-term growth prospects, and position as Anand Group’s automotive platform.  

The shares of this small cap company majorly engaged in manufacturing auto components which includes shock absorbers, struts, front forks and many more were in focus after Q1FY27 results and a strategic acquisition fueling future growth of the company. 

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With the market capitalization of Rs. 20,032 Crores, the shares of Gabriel India Ltd were trading at around Rs. 1395 per share which is 8 percent discount from its 52 week high of Rs. 1520 per share and is trading at a P/E of 71.8 whereas industry P/E stands at 30.6 

Q1 FY27 Financials:  

YoY analysis: Revenue from operations has increased from Rs. 1234 Crores in Q1 FY26 to Rs. 1426 Crores in Q1 FY27, up 15 percent. Operating profit has increased from Rs. 118 Crores to Rs. 124 Crores, up 5 percent and net profit has increased from Rs. 105 Crores to Rs. 108 Crores, up 2.8 percent. 

QoQ analysis: Revenue from operations has increased on a quarterly basis from Rs. 1381 Crores in Q4 FY26 to Rs. 1426 Crores in Q1 FY27, up 5 percent. Operating profit has decreased from Rs. 133 Crores to Rs. 124 Crores, down 6.7 percent  and net profit has decreased from Rs. 119 Crores to Rs. 108 Crores, down 15 percent 

Key Strategic Objectives of Gabriel: 

The strategy that Gabriel has implemented entails creating an integrated mobility technology company by becoming more than just a leader in the production of ride-comfort products. Gabriel will expand further into the fast-growing industries such as vehicle safety, chassis systems, automotive electronics, and autonomous driving.

As the core engine of the Anand Group in the automotive industry, Gabriel will work towards consolidating unlisted JV investments, along with partnering with key tech companies. The strategy of Gabriel will lead towards creating value through EPS accretion, improved cash flow, increased scale, and higher market capitalization.

Strategic acquisitions:

A major move from Gabriel will involve pursuing two strategically important acquisitions to improve its technology portfolio. For instance, Gabriel intends to acquire the 28.9% stake that AIPL holds in HL Mando Anand India, which is a leading domestic manufacturer of steering systems, brakes, and suspensions for an amount of about ₹2,231 Crore using both stock and cash.

In addition, Gabriel will be looking to acquire 29.9% in HL Klemove India, which specializes in automotive electronics and autonomous driving (ADAS), for an estimated sum of around ₹935 Crore in cash divided into two instalments (75% upfront and 25% deferred).

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The acquisition of HL Mando Anand as well as the joint venture involving HL Klemove India will be among the initiatives undertaken as part of Project Jupiter which is Gabriel India’s strategic initiative to expand beyond its traditional suspension business by entering advanced automotive technologies through the HL Mando Anand acquisition and the HL Klemove India joint venture. 

HL Mando Anand –  Products and manufacturing facility 

HL Mando Anand acts as a significant player in the manufacture of automotive components due to its R&D facility and three production facilities situated around Chennai, which are fitted with CNC machines.

It is focused on manufacturing cutting-edge steering products like dual pinion electric power steering, electric power steering system, intermediate shaft, and steering gear box in addition to a wide range of braking products like ABS/ECS, calipers brake, driver assist system, drum brake, electric parking brake (MOC), integrated dynamic brake, and master cylinder & booster. 

Interestingly, it is one of the pioneers in India among automobile component manufacturers by providing an integrated parking caliper brake assembly with a ball-in-ramp design. To complement the core activities of Gabriel, it also provides advanced suspension products such as damper spring module and shock absorber.

HL Klemove India: ADAS and Auto electronics

Benefiting from its parent company’s vast experience in the automobile technology industry, HL Klemove India runs an advanced manufacturing facility based out of Chennai, thanks to the support of a strong workforce of more than 400 people. Given the company’s heavy focus on the fast-growing ADAS and automotive electronics segments, HL Klemove India will see revenue of nearly ₹1,049 Crore with an adjusted EBITDA of around ₹129 Crore in FY26.

With this joint venture, Gabriel has a huge chance to capitalize. Without wasting years of developing such capabilities, Gabriel will be able to gain entry into a valuable sector—an obvious strategy in the case where nearly 90% of the world’s light passenger vehicles will have L2+ or below levels of autonomy in 2030. With the global leadership of HL Klemove coupled with the local OEM relationships of Anand Group, Gabriel will be able to take its ADAS operations to the next level in India

The Shift to Gabriel: 

Project Rise was launched by Gabriel India in June 2025 as a strategic restructuring initiative to consolidate multiple Anand Group automotive businesses under a single listed entity. The scheme became effective in May 2026, transforming Gabriel from a ride control-focused company into a diversified mobility solutions provider with a wider product portfolio. The initiative also strengthened the company’s earnings profile and laid the foundation for its next phase of growth through Project Jupiter

Gabriel, through the use of strategic initiatives such as Project Rise and Project Jupiter, is fast transforming into the main growth engine of the Anand Group. Through the consolidation of important automobile businesses, the revenue of Gabriel will grow substantially from the “Pre-Rise” level of ₹4,667 Crore to ₹9,176 Crore (“Post-Rise”), eventually getting to ₹16,111 Crore (“Post-Rise & Post-Jupiter”).

This expansion is changing how Gabriel contributes to the revenue of the Anand Group. The percentage of its revenue with respect to the total revenue of the group increases from 21% (from ₹22,000 Crore) to 42%, and to the whopping 70% of ₹23,049 Crore.

Conclusion: 

Project Jupiter marks a monumental turning point, firmly establishing Gabriel as the strategic heart of the Anand Group. By consolidating key automotive operations under one roof, the company drastically expands its scale and influence. Gabriel is no longer just a contributor to the parent organization,it has effectively transformed into the primary growth driver, well-positioned to steer the group’s long-term future across the global automotive landscape.

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  • : Author

    Vachan is a Financial Analyst at Trade Brains with a PGDM in Finance. He is passionate about capital markets and equity research, with expertise in analysing financial statements, market trends, and business fundamentals to support informed investment decisions

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