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>High Soft Luggage Inventory Problem: VIP Industries has a total inventory of 900 Cr on its Balance Sheet, with 300 Cr allocated to Soft Luggage Inventory.</li><li>The company has ceased manufacturing at its Soft Luggage facility in Bangladesh and significantly downsized its employee staff, resulting in operating deleverage and decreased gross margin contribution across the entire book.</li><li>We anticipate that the current inventory will gradually liquidate over the next 2-3 quarters, exerting continued pressure on gross margins and leading to additional expenses associated with inventory holding.</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>

High Soft Luggage Inventory Problem: VIP Industries has a total inventory of 900 Cr on its Balance Sheet, with 300 Cr allocated to Soft Luggage Inventory.The company has ceased manufacturing at its Soft Luggage facility in Bangladesh and significantly downsized its employee staff, resulting in operating deleverage and decreased gross margin contribution across the entire book.We anticipate that the current inventory will gradually liquidate over the next 2-3 quarters, exerting continued pressure on gross margins and leading to additional expenses associated with inventory holding.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.

VIP Industries Ltd - Inventory Troubles Lead to Lower Gross Margins; Maintain HOLD

V.I.P. Industries

VIP Industries Ltd - Inventory Troubles Lead to Lower Gross Margins; Maintain HOLD