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. 

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Equity Bottom-Up

<ul><li>Healthy order book: The company secured 91 orders worth Rs 729 Cr in Q2FY25.</li><li>Its overall order book remains robust at Rs 6,581 Cr, providing revenue visibility for the next 2-2.5 years.</li><li>The consultancy segment, which is a high-margin business, comprises 38% of the order book. </li></ul>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.

Healthy order book: The company secured 91 orders worth Rs 729 Cr in Q2FY25.Its overall order book remains robust at Rs 6,581 Cr, providing revenue visibility for the next 2-2.5 years.The consultancy segment, which is a high-margin business, comprises 38% of the order book. 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.

RITES Ltd - Strong Orderbook and Pick-Up in Export Sales to Drive Growth

<ul><li>RITES Ltd. reported a weak set of numbers during Q1FY25 with revenue of Rs 486 Cr (down 11% YoY), due to poor performance in the Exports business and lower revenue in the Quality Assurance segment set off by growth in the remaining segments.</li><li>Its EBITDA stood at Rs 106 Cr (down 34% YoY), and PAT at Rs 90 Cr (down 24% YoY).</li><li>The company registered EBITDA Margins of 21.8% in Q1FY25 (our estimate: 27.5%) as against 29.6% in Q1FY24.</li></ul>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.

RITES Ltd. reported a weak set of numbers during Q1FY25 with revenue of Rs 486 Cr (down 11% YoY), due to poor performance in the Exports business and lower revenue in the Quality Assurance segment set off by growth in the remaining segments.Its EBITDA stood at Rs 106 Cr (down 34% YoY), and PAT at Rs 90 Cr (down 24% YoY).The company registered EBITDA Margins of 21.8% in Q1FY25 (our estimate: 27.5%) as against 29.6% in Q1FY24.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.

RITES Ltd - Lackluster Performance; Retain HOLD

<ul><li>RITES Ltd. reported a mixed set of Q3FY24 numbers with revenue of Rs 683 Cr (up 1% YoY), revenues remain flat due to poor performance in the Exports business and lower revenue in the Quality Assurance segment set off by growth in the remaining segments.</li><li>Its EBITDA stood at Rs 169 Cr (down 12% YoY), and APAT at Rs 129 Cr (down 12% YoY).</li><li>The company registered EBITDA Margins of 24.8% in Q3FY24 (our estimate: 26%) as against 28.5% in Q3FY23. </li></ul>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.

RITES Ltd. reported a mixed set of Q3FY24 numbers with revenue of Rs 683 Cr (up 1% YoY), revenues remain flat due to poor performance in the Exports business and lower revenue in the Quality Assurance segment set off by growth in the remaining segments.Its EBITDA stood at Rs 169 Cr (down 12% YoY), and APAT at Rs 129 Cr (down 12% YoY).The company registered EBITDA Margins of 24.8% in Q3FY24 (our estimate: 26%) as against 28.5% in Q3FY23. 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.

RITES Ltd - Revenue In Line; Export Orders To Drive Growth

Thematic (Sector/Industry)

<ul><li>The road construction companies under coverage are anticipated to report flattish revenue as the execution was affected by extreme rainfall.</li><li>EBITDA is expected to decline by 2.5%, while APAT is projected to be 1.5% higher YoY.</li><li>EBITDA margins are estimated at 14.2%, compared to 14.8% in the same period last year. </li></ul>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.

The road construction companies under coverage are anticipated to report flattish revenue as the execution was affected by extreme rainfall.EBITDA is expected to decline by 2.5%, while APAT is projected to be 1.5% higher YoY.EBITDA margins are estimated at 14.2%, compared to 14.8% in the same period last year. 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.

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>Bangladesh, India's 2nd largest trading partner in Asia is under a political crisis leading to instability and uncertainty. </li>
<li>Companies impacted by Bangladesh Crisis in India across sectors and across market caps listed below. </li>
<li>There might be short-term impact, but in long run, there would not be much impact as overall exposure is not that much.</li>
</ul>


Bangladesh, India's 2nd largest trading partner in Asia is under a political crisis leading to instability and uncertainty. 
Companies impacted by Bangladesh Crisis in India across sectors and across market caps listed below. 
There might be short-term impact, but in long run, there would not be much impact as overall exposure is not that much.


Bangladesh Chaos: Impact on Indian Companies

India

RITES Limited provides engineering services. The Company offers transport infrastructure consultancy, railway inspection, rolling stock leasing and maintenance, airport construction management, industrial and electrical engineering, and other related services. RITES serves customers worldwide.

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RITES Ltd (RITE IN)

RITES Ltd - Strong Orderbook and Pick-Up in Export Sales to Drive Growth

The company secured 91 orders worth Rs 729 Cr in Q2FY25. Its overall order book remains robust at Rs 6,581 Cr, providing revenue visibility for the...

Axis Direct

RITES Ltd - Lackluster Performance; Retain HOLD

RITES Ltd. reported a weak set of numbers during Q1FY25 with revenue of Rs 486 Cr (down 11% YoY), due to poor performance in the Exports business

Axis Direct

RITES Ltd - Revenue In Line; Export Orders To Drive Growth

RITES booked Consultancy sales of Rs 329 Cr (up 5.8% YoY), Export sales of Rs 58 Cr (down 37.9% YoY), Leasing sales of Rs 37 Cr (up 2.9% YoY), and...

Axis Direct

Q2FY25 Earnings Preview - INFRA-ROAD

The road construction companies under coverage are anticipated to report flattish revenue as the execution was affected by extreme rainfall.

Axis Direct

Bangladesh Chaos: Impact on Indian Companies

Political crisis in Bangladesh is causing instability, impacting India's 2nd largest trading partner in Asia. Companies may see short-term...

Sudarshan Bhandari

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52-week Range

Market Cap (USDm)

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RITES Ltd - Strong Orderbook and Pick-Up in Export Sales to Drive Growth

The company secured 91 orders worth Rs 729 Cr in Q2FY25. Its overall order book remains robust at Rs 6,581 Cr, providing revenue visibility for the...

Axis Direct

RITES Ltd - Lackluster Performance; Retain HOLD

RITES Ltd. reported a weak set of numbers during Q1FY25 with revenue of Rs 486 Cr (down 11% YoY), due to poor performance in the Exports business

Axis Direct

RITES Ltd - Revenue In Line; Export Orders To Drive Growth

RITES booked Consultancy sales of Rs 329 Cr (up 5.8% YoY), Export sales of Rs 58 Cr (down 37.9% YoY), Leasing sales of Rs 37 Cr (up 2.9% YoY), and...

Axis Direct

Q2FY25 Earnings Preview - INFRA-ROAD

The road construction companies under coverage are anticipated to report flattish revenue as the execution was affected by extreme rainfall.

Axis Direct

Bangladesh Chaos: Impact on Indian Companies

​Political crisis in Bangladesh is causing instability, impacting India's 2nd largest trading partner in Asia. Companies may see short-term...

Sudarshan Bhandari

Political crisis in Bangladesh is causing instability, impacting India's 2nd largest trading partner in Asia. Companies may see short-term...