External broker reports(aggregated public sources), Axis Direct

Axis Direct

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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>Structural Margin Improvement: Greenply’s expected profitability is set to improve steadily as operating leverage strengthens and new efficiency initiatives begin contributing.</li><li>Management reiterated confidence in achieving 10%+ plywood EBITDA margins as plant utilisation normalises and quarterly plywood revenues exceed Rs 600 Cr. MDF EBITDA margins are expected to remain at 16–17%, with potential to improve to 17–18% as the second MDF line scales up.</li><li>Additionally, benefits from the Conti Roll technology, superior product mix and selective pricing actions should help offset raw material cost volatility and support margin expansion. </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>

Structural Margin Improvement: Greenply’s expected profitability is set to improve steadily as operating leverage strengthens and new efficiency initiatives begin contributing.Management reiterated confidence in achieving 10%+ plywood EBITDA margins as plant utilisation normalises and quarterly plywood revenues exceed Rs 600 Cr. MDF EBITDA margins are expected to remain at 16–17%, with potential to improve to 17–18% as the second MDF line scales up.Additionally, benefits from the Conti Roll technology, superior product mix and selective pricing actions should help offset raw material cost volatility and support margin expansion. 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.

Greenply Industries Ltd - Strong Demand and Capacity Ramp-Up Drive Positive Outlook