External broker reports(aggregated public sources), Axis Direct

Axis Direct

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

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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.

Equity Bottom-Up

Mahindra Cie Automotive / Equity Bottom-Up

<ul><li>We continue to like the company’s growth story driven by (a) Operational Performance and Focus on building an EV product portfolio (b) Healthy order-book and steady growth in Indian operations (c) Strong FCF generations and negligible debt on the balance sheet (d) capacity building to meet demand from India OEM’s</li><li>The growth trajectory in EU operations is expected to remain flat (decline in demand led by high-interest rates by Central Banks in EU and USA) in CY24 and recovery is expected by management post that.</li><li>Keeping these factors in view,we forecast Revenue/EBITDA/PAT CAGR of 11%/19%/21% over CY22-25E.</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>

We continue to like the company’s growth story driven by (a) Operational Performance and Focus on building an EV product portfolio (b) Healthy order-book and steady growth in Indian operations (c) Strong FCF generations and negligible debt on the balance sheet (d) capacity building to meet demand from India OEM’sThe growth trajectory in EU operations is expected to remain flat (decline in demand led by high-interest rates by Central Banks in EU and USA) in CY24 and recovery is expected by management post that.Keeping these factors in view,we forecast Revenue/EBITDA/PAT CAGR of 11%/19%/21% over CY22-25E.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.

CIE Automotive Ltd. - Q2CY23 - Overall Miss; Profitability to Sustain