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

<ul><li>Outlook on Steel Wheels Business: The steel wheels contributed ~72% to the total revenue in FY24. Volume growth in FY25/26E would be led by (1) LTA’s signed with various tractor OEMs, (2) Increase in the export demand, and (3) Expectations of substantial volume growth in 2W business.</li><li>SSWL is in the last stages of contract price/wheel negotiations with existing PV OEMs and the management expects a positive outcome from the same.</li><li>However, one must remain cautious on CV industry as volumes are expected to remain flat/tepid in FY25E.</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>

Outlook on Steel Wheels Business: The steel wheels contributed ~72% to the total revenue in FY24. Volume growth in FY25/26E would be led by (1) LTA’s signed with various tractor OEMs, (2) Increase in the export demand, and (3) Expectations of substantial volume growth in 2W business.SSWL is in the last stages of contract price/wheel negotiations with existing PV OEMs and the management expects a positive outcome from the same.However, one must remain cautious on CV industry as volumes are expected to remain flat/tepid in FY25E.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.

Steel Strip Wheels Ltd - EBITDA Margins to Be Driven By Value-Added Products

Steel Strips Wheels

Steel Strip Wheels Ltd - EBITDA Margins to Be Driven By Value-Added Products