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>A. Capacity Expansion to Drive Volume and Revenue Growth: The company is increasing its capacity from 104 MTPA (including 8.5 MTPA from Orient Cement) to 118 MTPA by FY26, with a further target of 140 MTPA by FY28 through additional expansion.</li><li>This capacity growth is expected to support sustained momentum, with volume and revenue projected to grow at 11% and 10% CAGR over FY24–FY27E.</li><li>B. EBITDA Margins to Improve to 20-21% in FY27E: Efficiency gains have cut costs by Rs 150 per tonne.</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>

A. Capacity Expansion to Drive Volume and Revenue Growth: The company is increasing its capacity from 104 MTPA (including 8.5 MTPA from Orient Cement) to 118 MTPA by FY26, with a further target of 140 MTPA by FY28 through additional expansion.This capacity growth is expected to support sustained momentum, with volume and revenue projected to grow at 11% and 10% CAGR over FY24–FY27E.B. EBITDA Margins to Improve to 20-21% in FY27E: Efficiency gains have cut costs by Rs 150 per tonne.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: Ambuja Cements Ltd - 19th July, 2025