External broker reports(aggregated public sources), Axis Direct

Axis Direct

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.

Thematic (Sector/Industry)

<ul><li>The demand moderated post the uptick in the festival season and associated discount incentives.</li><li>However, an uptick was seen in seasonal categories such as heaters as well as in the primary sales of Air Coolers due to channel stocking ahead of the upcoming season.</li><li>Demand for Fans was impacted due to BEE norms from Jan’23, with brands offering discounts to clear old inventory.</li></ul>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.

The demand moderated post the uptick in the festival season and associated discount incentives.However, an uptick was seen in seasonal categories such as heaters as well as in the primary sales of Air Coolers due to channel stocking ahead of the upcoming season.Demand for Fans was impacted due to BEE norms from Jan’23, with brands offering discounts to clear old inventory.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.

Q3FY23 Preview - Tepid Sentiments Lead to Moderate Demand

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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

Amber Enterprises India / Equity Bottom-Up

<ul><li>Amber is a leading solution provider for air conditioner OEM/ODM industry in India.</li><li>The company has a product portfolio including RACs, RAC components and other non AC components</li><li>Derives ~50% of its revenues from RACs and the rest from components and mobility applications.</li></ul>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.

Amber is a leading solution provider for air conditioner OEM/ODM industry in India.The company has a product portfolio including RACs, RAC components and other non AC componentsDerives ~50% of its revenues from RACs and the rest from components and mobility applications.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.

Amber Enterprises - Higher Operating Cost Drags EBITDA Margin…

<ul><li>Demand trends: The demand for Cables &amp; Wires has been healthy across residential, industrial, and infrastructure segments.</li><li>This coupled with an uptick in exports is expected to drive volume growth moving forward.</li><li>Meanwhile, the pricing is expected to remain moderate given softening of commodity prices, especially copper.</li></ul>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.

Demand trends: The demand for Cables &amp; Wires has been healthy across residential, industrial, and infrastructure segments.This coupled with an uptick in exports is expected to drive volume growth moving forward.Meanwhile, the pricing is expected to remain moderate given softening of commodity prices, especially copper.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.

Consumer Durables - Q2FY23 - Earnings Preview

<div><ul><li>Amber is a one-stop solution provider for major brands (OEMs^) in the RAC industry.</li><li>It is a leader in the room air conditioners (RAC) outsourced manufacturing space.</li><li>The company has diversified portfolio which includes RAC, RAC components and non AC components. </li></ul></div>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.

Amber is a one-stop solution provider for major brands (OEMs^) in the RAC industry.It is a leader in the room air conditioners (RAC) outsourced manufacturing space.The company has diversified portfolio which includes RAC, RAC components and non AC components. 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.

Pick of the Week - Amber Enterprises India

<div><ul><li>Strong overall performance across segments: RAC revenues stood at Rs 1,053 Cr, contributing 58% to the company’s total revenues during the quarter.</li><li>Margins decline due to higher RM cost, gradual improvement expected in the medium to long term</li><li>Plans to augment components revenues: The management expects the Motors division (PICL) to grow more than 35% for FY23, while it expects the Electronics division by 35%+ for FY23.</li></ul>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.</div>

Strong overall performance across segments: RAC revenues stood at Rs 1,053 Cr, contributing 58% to the company’s total revenues during the quarter.Margins decline due to higher RM cost, gradual improvement expected in the medium to long termPlans to augment components revenues: The management expects the Motors division (PICL) to grow more than 35% for FY23, while it expects the Electronics division by 35%+ for FY23.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.

Amber Enterprises - Strong Performance Across Segments

India

Amber Enterprises India Limited manufactures heating and ventilation equipment. The Company offers refrigerators, heat exchangers, air conditioners, home appliances, vacuum forming, and lighting products. Amber Enterprises also produces auto parts, injection molding, and sheet metal components. Amber Enterprises serves clients in India.

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Amber Enterprises India (AMBER IN)

Q3FY23 Preview - Tepid Sentiments Lead to Moderate Demand

The demand moderated post the uptick in the festival season and associated discount incentives. However, an uptick was seen in seasonal categories...

Axis Direct

Amber Enterprises - Higher Operating Cost Drags EBITDA Margin…

Amber is a leading solution provider for air conditioner OEM/ODM industry in India. The company has a product portfolio including RACs, RAC...

ICICI Securities Limited

Consumer Durables - Q2FY23 - Earnings Preview

Demand trends: The demand for Cables & Wires has been healthy across residential, industrial, and infrastructure segments.

Axis Direct

Pick of the Week - Amber Enterprises India

Amber is a one-stop solution provider for major brands (OEMs^) in the RAC industry. It is a leader in the room air conditioners (RAC) outsourced...

Axis Direct

Amber Enterprises - Strong Performance Across Segments

Strong overall performance across segments: RAC revenues stood at Rs 1,053 Cr, contributing 58% to the company’s total revenues during the quarter.

Axis Direct

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