External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>Demand trends: The demand for Cables &amp; Wires has been healthy across residential, industrial, and infrastructure segments.</li><li>This coupled with an uptick in exports is expected to drive volume growth moving forward.</li><li>Meanwhile, the pricing is expected to remain moderate given softening of commodity prices, especially copper.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Demand trends: The demand for Cables &amp; Wires has been healthy across residential, industrial, and infrastructure segments.This coupled with an uptick in exports is expected to drive volume growth moving forward.Meanwhile, the pricing is expected to remain moderate given softening of commodity prices, especially copper.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Consumer Durables - Q2FY23 - Earnings Preview

Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Indian Accounting Research Analyst

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Equity Capital Markets

Kaynes Technology India / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/kaynes-technology-india-ltd" target="_blank" data-smartkarma-citation="entities:36436:1" rel="noopener">Kaynes Technology India (7575164Z IN)</a> (KTIL) has received SEBI’s approval for its IPO.</li>
<li>Company is one of the end-to-end and IoT solutions enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of ESDM services.</li>
<li>Key forensics issues that should not be ignored include high liabilities off the books, grey areas surrounding receivables, perplexing churning across CFO and directors posts, etc.</li>
</ul>



Kaynes Technology India (7575164Z IN) (KTIL) has received SEBI’s approval for its IPO.
Company is one of the end-to-end and IoT solutions enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of ESDM services.
Key forensics issues that should not be ignored include high liabilities off the books, grey areas surrounding receivables, perplexing churning across CFO and directors posts, etc.


Equity Bottom-Up

Amber Enterprises India / Equity Bottom-Up

<div><ul><li>Amber is a one-stop solution provider for major brands (OEMs^) in the RAC industry.</li><li>It is a leader in the room air conditioners (RAC) outsourced manufacturing space.</li><li>The company has diversified portfolio which includes RAC, RAC components and non AC components. </li></ul></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Amber is a one-stop solution provider for major brands (OEMs^) in the RAC industry.It is a leader in the room air conditioners (RAC) outsourced manufacturing space.The company has diversified portfolio which includes RAC, RAC components and non AC components. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week - Amber Enterprises India

<div><ul><li>Strong overall performance across segments: RAC revenues stood at Rs 1,053 Cr, contributing 58% to the company’s total revenues during the quarter.</li><li>Margins decline due to higher RM cost, gradual improvement expected in the medium to long term</li><li>Plans to augment components revenues: The management expects the Motors division (PICL) to grow more than 35% for FY23, while it expects the Electronics division by 35%+ for FY23.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p></div>

Strong overall performance across segments: RAC revenues stood at Rs 1,053 Cr, contributing 58% to the company’s total revenues during the quarter.Margins decline due to higher RM cost, gradual improvement expected in the medium to long termPlans to augment components revenues: The management expects the Motors division (PICL) to grow more than 35% for FY23, while it expects the Electronics division by 35%+ for FY23.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Amber Enterprises - Strong Performance Across Segments

Forensic Accounting

Amber Enterprises India / Forensic Accounting

<ul>
<li>
<a href="https://www.smartkarma.com/entities/amber-enterprises-india-ltd" target="_blank" data-smartkarma-citation="entities:32202:1" rel="noopener">Amber Enterprises India (AMBER IN)</a>  is one of the key ODM players in the RAC and related industry.</li>
<li>However, there are couple of puzzling forensic takeaways, especially in F22 where company had reported high growth in numbers.</li>
<li>These primarily include the rationale behind debt increase, puzzling subsidiary numbers, discrepancy in inventory verification, etc.</li>
</ul>



Amber Enterprises India (AMBER IN)  is one of the key ODM players in the RAC and related industry.
However, there are couple of puzzling forensic takeaways, especially in F22 where company had reported high growth in numbers.
These primarily include the rationale behind debt increase, puzzling subsidiary numbers, discrepancy in inventory verification, etc.


Amber Enterprises India Ltd: Forensic Analysis

India

Amber Enterprises India Limited manufactures heating and ventilation equipment. The Company offers refrigerators, heat exchangers, air conditioners, home appliances, vacuum forming, and lighting products. Amber Enterprises also produces auto parts, injection molding, and sheet metal components. Amber Enterprises serves clients in India.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Amber Enterprises India (AMBER IN)

Consumer Durables - Q2FY23 - Earnings Preview

Demand trends: The demand for Cables & Wires has been healthy across residential, industrial, and infrastructure segments.

Axis Direct

Kaynes Technology- Forensic Analysis

Key forensics issues that should not be ignored include high liabilities off the books, grey areas surrounding receivables, perplexing churning...

Nitin Mangal

Pick of the Week - Amber Enterprises India

Amber is a one-stop solution provider for major brands (OEMs^) in the RAC industry. It is a leader in the room air conditioners (RAC) outsourced...

Axis Direct

Amber Enterprises - Strong Performance Across Segments

Strong overall performance across segments: RAC revenues stood at Rs 1,053 Cr, contributing 58% to the company’s total revenues during the quarter.

Axis Direct

Amber Enterprises India Ltd: Forensic Analysis

Key forensic takeaways include the rationale behind debt increase, puzzling subsidiary numbers, discrepancy in inventory verification.

Nitin Mangal

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)