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. 

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.

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

<ul><li>Our updated projections reflect the impact of the DFPL acquisition as well as the expected PCL merger, which is anticipated to be revenue and margin-accretive but will dilute equity marginally.</li><li>Accordingly, we project a Revenue/Operating Profit/PAT CAGR of 37%/42%/48% over FY24- FY26E.</li><li>The revenue and operating profit projections also factor in organic growth and an improving margin profile due to a better product mix and economies of scale. </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>

Our updated projections reflect the impact of the DFPL acquisition as well as the expected PCL merger, which is anticipated to be revenue and margin-accretive but will dilute equity marginally.Accordingly, we project a Revenue/Operating Profit/PAT CAGR of 37%/42%/48% over FY24- FY26E.The revenue and operating profit projections also factor in organic growth and an improving margin profile due to a better product mix and economies of scale. 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.

Pitti Engineering Ltd - Dakshin Foundry Private Limited (DFPL) Acquisition Update