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>Strong Long-Term Growth Visibility and Order Pipeline: As of 30 th June, 2026, the company’s order book stood at Rs 37,697 Cr, scaling to over ~Rs 40,000 Cr, including L1 orders, predominantly in the T&amp;D segment (60%), offering strong revenue visibility over the next 18–24 months.</li><li>Backed by its proven execution capabilities, the company remains wellplaced to deliver consistent growth, projecting a 13% CAGR between FY26-28E.</li><li>Encouraging Pipeline of Tenders Enhances Order Inflow Prospects: A robust tender pipeline of Rs 2 Lc Cr, equally divided across T&amp;D and Non-T&amp;D, indicates strong visibility for sustained order inflows in the coming quarters. </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>

Strong Long-Term Growth Visibility and Order Pipeline: As of 30 th June, 2026, the company’s order book stood at Rs 37,697 Cr, scaling to over ~Rs 40,000 Cr, including L1 orders, predominantly in the T&amp;D segment (60%), offering strong revenue visibility over the next 18–24 months.Backed by its proven execution capabilities, the company remains wellplaced to deliver consistent growth, projecting a 13% CAGR between FY26-28E.Encouraging Pipeline of Tenders Enhances Order Inflow Prospects: A robust tender pipeline of Rs 2 Lc Cr, equally divided across T&amp;D and Non-T&amp;D, indicates strong visibility for sustained order inflows in the coming quarters. 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.

KEC International Ltd - Misses Estimates on Slower Execution