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. 

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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>Outlook on Steel Wheels Business: The steel wheels contributed ~69% to the total revenue in H1FY25. Volume growth in FY25/26E is expected to be driven by (1) market share gains in the Tractor segment (up 41% in H1FY25 from 36% in FY24)</li><li>(2) an increase in export demand in H2FY25 and beyond due to the demand backlog, and</li><li>(3) expectations of a gradual recovery in the domestic CV segment. SSWL is negotiating with existing PV OEMs on price revision per wheel. </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>

Outlook on Steel Wheels Business: The steel wheels contributed ~69% to the total revenue in H1FY25. Volume growth in FY25/26E is expected to be driven by (1) market share gains in the Tractor segment (up 41% in H1FY25 from 36% in FY24)(2) an increase in export demand in H2FY25 and beyond due to the demand backlog, and(3) expectations of a gradual recovery in the domestic CV segment. SSWL is negotiating with existing PV OEMs on price revision per wheel. 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.

Steel Strips Wheels Ltd - EBITDA/Wheel Sustained