Broker research reports for stocks which have been downgraded by brokers. Both recommendation downgrades,
as well as share price target downgrades are available for companies in Industry - Auto Parts & Equipment.
Broker Research reports: latest Downgrades
for Industry - Auto Parts & Equipment
The demand environment remains stable with sustained momentum across key verticals, supported by premiumisation, new program wins, and upcoming capacity additions. Electronics-led content growth and a healthy order book continue to provide strong visibility, while softness in European acoustics remains a manageable drag.
Craftsman’s 2QFY26 consol PAT of INR912m was ahead of our estimate of INR863m, aided by better-than-expected revenue growth, especially in the aluminum segment.
Amara Raja’s (ARENM) 2QFY26 PAT at INR2.1b came in line with our estimates. Even at the operating level, EBITDA margin was in line with our estimates at 12% (+50bp QoQ).
Minda Corp.’s medium-term growth visibility remains strong, underpinned by rising content-per-vehicle, a healthy platform order pipeline, and continued portfolio premiumization.
CY24 consolidated revenue mix India 68%, Europe 32%. Forging is over 52% of consolidated sales (84% in Europe and 37% in India). Q3CY25 Results: CIE Automotive India reported healthy performance in Q3CY25. Consolidated revenue for Q3CY25 came in at 2,372 crores, up 11% YoY. EBITDA for the quarter stood at 356 crores with EBITDA margins at 15% (up 80 bps QoQ). CIE India sales were up 9% YoY at 1,523 crore and EBITDA margins at 17.3% (down 20 bps YoY) while European operations witnessed a revenue of 787 crore...
regard to US tariffs and geopolitics could affect the growth prospects. Therefore, we downgrade our rating on the stock to SELL, with a revised target price of Rs. 35,169, based on 37x FY27E earnings per share....
Given the strong fundamentals and product diversification, we believe ZFCV will be a direct beneficiary in the long run owing to economic growth, a wider portfolio and government *over or under performance to benchmark index thrusts on infrastructure development. The firm is driven by higher AMT and ECAS penetration and strategic e-mobility initiatives, despite flat trailer volumes and adverse mix. Regulatory tailwinds (ESC, AIS 113, ADAS) and a robust product pipeline support future growth. EV segment momentum continues, with targeted solutions for independent bus OEMs. Hence, factoring in 14% earnings CAGR over FY25-27E. Having said that, we...
Focused execution across legacy & new segments About the stock: Amara Raja Energy & Mobility (AREM) is a part of the duopolistic organised Indian lead acid battery market with a strong presence across Automotive (OEM & aftermarket) and Industrial battery space (UPS, Telecom, etc.). Approaching E-Mobility through a mix of EV chargers, Li-On battery pack assembly, captive Li-On cell manufacturing and stake in Log-9 materials Q1FY26 Result: On standalone basis, net sales for the quarter came in at 3,350 crore, up 7% YoY. EBITDA in Q1FY26 came in at 387 crore with EBITDA margins...
Amara Raja’s (ARENM) 1QFY26 PAT at INR1.9b was below our estimate of INR2.1b due to lower-than-expected other income. Margins remained under pressure at 11.5% due to higher non-lead alloy costs and higher power costs.
Rolex Rings (Rolex) exhibited an improved performance in Q1FY26. The slowdown in their main segment of bearings is particularly impacting performance. Exports revenue for bearing rings and automotive components declined 21% and 15% YoY respectively owing to lower off take amid tariff related uncertainties. An important aspect to note is that of an audit qualification with qualified opinion of Rs2,278.6mn from the banks for Right to Recompense (RoR) against which the company has provided Rs506mn till date. The company has secured legal opinion and there remains a probability of...
