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>Steel Strips Wheels Ltd. (SSWL) reported Revenue and EBITDA in line with our estimates while PAT was a miss.</li><li>Revenue stood at Rs 1,134 Cr (up 5%/9% YoY/QoQ), which was mainly led by higher overall volumes and higher ASP (richer sales mix due to higher contribution from exports and alloy wheel); partly offset by softening in the commodity prices.</li><li>SSWL reported EBITDA of Rs 124 Cr (up 6%/10% YoY/QoQ) and EBITDA Margins of 11% (up 20bps both YoY/QoQ). </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>

Steel Strips Wheels Ltd. (SSWL) reported Revenue and EBITDA in line with our estimates while PAT was a miss.Revenue stood at Rs 1,134 Cr (up 5%/9% YoY/QoQ), which was mainly led by higher overall volumes and higher ASP (richer sales mix due to higher contribution from exports and alloy wheel); partly offset by softening in the commodity prices.SSWL reported EBITDA of Rs 124 Cr (up 6%/10% YoY/QoQ) and EBITDA Margins of 11% (up 20bps both YoY/QoQ). 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  - Product Diversification and Robust Exports to Drive Growth