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.

Equity Bottom-Up

<ul><li>ADS Segment Demonstrates Strong Momentum and Visibility: Sansera’s Aerospace, Defence and Semiconductor (ADS) segment continues to exhibit strong performance, reaffirming its position as a key growth engine for the company.</li><li>The highest ever Revenue reported stood at Rs 119 Cr in Q3FY26, taking 9MFY26 sales to Rs 206 Cr, with management maintaining its full-year guidance of ~Rs 300 to 320 Cr, supported by consistent QoQ growth visibility.</li><li>Segment margins remain significantly above the company average, estimated at 25- 30%, and are currently trending toward the higher end of the range. </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.

ADS Segment Demonstrates Strong Momentum and Visibility: Sansera’s Aerospace, Defence and Semiconductor (ADS) segment continues to exhibit strong performance, reaffirming its position as a key growth engine for the company.The highest ever Revenue reported stood at Rs 119 Cr in Q3FY26, taking 9MFY26 sales to Rs 206 Cr, with management maintaining its full-year guidance of ~Rs 300 to 320 Cr, supported by consistent QoQ growth visibility.Segment margins remain significantly above the company average, estimated at 25- 30%, and are currently trending toward the higher end of the range. 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.

Sansera Engineering Ltd - ADS Growth Momentum & Capacity Expansion to Drive Visibility

<ul><li>ADS Segment Demonstrates Strong Momentum and Visibility: Sansera’s Aerospace, Defence and Semiconductor (ADS) segment continues to exhibit strong performance, reaffirming its position as a key growth engine for the company.</li><li>Revenue stood at Rs 49.6 Cr in Q2FY26, taking H1FY26 sales to Rs 86.4 Cr, with management maintaining its full-year guidance of ~Rs 300 Cr, supported by consistent QoQ growth visibility.</li><li>Segment margins remain significantly above the company average, estimated at 25–30%, and are currently trending toward the higher end of the range. </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.

ADS Segment Demonstrates Strong Momentum and Visibility: Sansera’s Aerospace, Defence and Semiconductor (ADS) segment continues to exhibit strong performance, reaffirming its position as a key growth engine for the company.Revenue stood at Rs 49.6 Cr in Q2FY26, taking H1FY26 sales to Rs 86.4 Cr, with management maintaining its full-year guidance of ~Rs 300 Cr, supported by consistent QoQ growth visibility.Segment margins remain significantly above the company average, estimated at 25–30%, and are currently trending toward the higher end of the range. 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.

Sansera Engineering Ltd - ADS Growth Momentum...

Thematic (Sector/Industry)

<ul><li>Auto OEMs: We expect Revenue/EBITDA/PAT for our OEM coverage universe to register strong YoY growth of ~31%/~35%/~15%, driven by strong demand momentum, the ongoing premiumisation trend, improving consumer affordability, and supportive regulatory measures.</li><li>Revenue growth is expected to be led by double-digit industry growth across the 2W, PV, and CV segments, along with highteen volume growth in the tractor industry.</li><li>EBITDA margin expansion on a YoY basis is likely to be supported by a richer product mix (led by a higher export contribution) and calibrated price hikes undertaken by OEMs, partly offset by higher raw material costs and supply chain disruptions arising from geopolitical tensions. </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.

Auto OEMs: We expect Revenue/EBITDA/PAT for our OEM coverage universe to register strong YoY growth of ~31%/~35%/~15%, driven by strong demand momentum, the ongoing premiumisation trend, improving consumer affordability, and supportive regulatory measures.Revenue growth is expected to be led by double-digit industry growth across the 2W, PV, and CV segments, along with highteen volume growth in the tractor industry.EBITDA margin expansion on a YoY basis is likely to be supported by a richer product mix (led by a higher export contribution) and calibrated price hikes undertaken by OEMs, partly offset by higher raw material costs and supply chain disruptions arising from geopolitical tensions. 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.

<ul><li>Auto OEMs: We expect Revenue/EBITDA/PAT for our OEM coverage universe to register strong YoY growth of ~25%/~29%/~15%, driven by sustained demand momentum following the GST rate cut, stable commodity inflation, and supportive regulatory norms.</li><li>The revenue growth is largely led by double-digit industry growth across 2W/PVs/CVs segments, along with high-teens volume growth in the tractor industry.</li><li>EBITDA margin expansion on a YoY basis is anticipated to be supported by a richer product mix (led by higher export contribution) and calibrated price hikes undertaken over the past year, partially offset by elevated discounts and higher advertisement spends. </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.

Auto OEMs: We expect Revenue/EBITDA/PAT for our OEM coverage universe to register strong YoY growth of ~25%/~29%/~15%, driven by sustained demand momentum following the GST rate cut, stable commodity inflation, and supportive regulatory norms.The revenue growth is largely led by double-digit industry growth across 2W/PVs/CVs segments, along with high-teens volume growth in the tractor industry.EBITDA margin expansion on a YoY basis is anticipated to be supported by a richer product mix (led by higher export contribution) and calibrated price hikes undertaken over the past year, partially offset by elevated discounts and higher advertisement spends. 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.

<ul><li>Strong Q3FY26 Outperformance Across Auto OEMs: Revenue/EBITDA in Q3FY26 grew by 25.5%/21.3% YoY, respectively, in line with our expectations of ~26% for revenue, while our estimated EBITDA growth of 30% YoY was missed for Auto OEMs under our coverage.</li><li>Revenue growth was largely driven by mid-single-digit industry growth across 2Ws/PVs/CVs and mid-teens volume growth in the tractors, and the ongoing premiumization trend.</li><li>Revenue/EBITDA grew by 11.2%/8.8% QoQ against our estimates of 11.5%/16%, respectively. </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.

Strong Q3FY26 Outperformance Across Auto OEMs: Revenue/EBITDA in Q3FY26 grew by 25.5%/21.3% YoY, respectively, in line with our expectations of ~26% for revenue, while our estimated EBITDA growth of 30% YoY was missed for Auto OEMs under our coverage.Revenue growth was largely driven by mid-single-digit industry growth across 2Ws/PVs/CVs and mid-teens volume growth in the tractors, and the ongoing premiumization trend.Revenue/EBITDA grew by 11.2%/8.8% QoQ against our estimates of 11.5%/16%, respectively. 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.

Top Conviction Ideas - “Auto & Auto Ancillaries”

India

Sansera Engineering manufactures complex and critical precision-engineered components for both automotive and non-automotive sectors. The company's products include components for engines, transmissions, suspension, braking, and chassis systems for two-wheelers, passenger vehicles, and commercial vehicles, as well as parts for aerospace, defense, and semiconductor equipment. Headquartered in Bengaluru, India, the company was founded in 1981.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Sansera Engineering (SANSERA IN)

Sansera Engineering Ltd - ADS Growth Momentum & Capacity Expansion to Drive Visibility

Segment margins remain significantly above the company average, estimated at 25- 30%, and are currently trending toward the higher end of the range.

Axis Direct

Sansera Engineering Ltd - ADS Growth Momentum...

Sansera’s Aerospace, Defence and Semiconductor (ADS) segment continues to exhibit strong performance, reaffirming its position as a key growth...

Axis Direct

Result Preview:Automobile

We expect Revenue/EBITDA/PAT for our OEM coverage universe to register strong YoY growth of ~31%/~35%/~15%, driven by strong demand momentum...

Axis Direct

Automobile - Q4FY26: Earnings Preview

On a sequential basis, Q4FY26E Revenue/EBITDA/PAT is expected to grow by ~3.4%/4.7%/8.3%, respectively, with EBITDA margins improving by ~43 bps.

Axis Direct

Top Conviction Ideas - “Auto & Auto Ancillaries”

Revenue growth was largely driven by mid-single-digit industry growth across 2Ws/PVs/CVs and mid-teens volume growth in the tractors, and the...

Axis Direct

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)