1001.55 -19.85 (-1.94%)
NSEJan 25, 2021 10:09 AM
The 5 reports from 1 analysts offering long term price targets for Automotive Axles Ltd. have an average target of 842.00. The consensus estimate represents a downside of -15.93% from the last price of 1001.55.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-11-10||Automotive Axles Ltd. +||Axis Direct||724.10||842.00||724.10 (38.32%)||Target met||Buy|
|2020-08-19||Automotive Axles Ltd. +||Axis Direct||724.70||862.00||724.70 (38.20%)||Target met||Buy|
Q1FY21 was a washout quarter for Automotive Axles; it reported a loss of Rs 23 cr in Q1FY21 on account of subdued performance of Automobile industry esp. CV as Automotive Axles derives all its revenues from the commercial vehicle segment.
|2020-07-27||Automotive Axles Ltd. +||Axis Direct||524.20||546.00||524.20 (91.06%)||Target met||Hold|
Automotive Axles reported a disappointing and steep decline in Q4FY20 results with revenue declining by 65% YoY to Rs 169 cr on back of steep decline in CV volumes and the last week of March affected by lockdown.
|2020-05-06||Automotive Axles Ltd. +||Axis Direct||492.10||536.00||492.10 (103.53%)||Target met||Hold|
|2020-03-03||Automotive Axles Ltd. +||Axis Direct||661.95||686.00||661.95 (51.30%)||Target met||Hold|
Automotive Axles Ltd. (AAL) reported another quarter of forgettable performance in Q3FY20 with revenues of Rs 165 cr (66% YoY & 18% QoQ) as deep production cuts by OEM due to extremely weak demand in CV industry.
|2019-09-09||Automotive Axles Ltd. +||Axis Direct||872.65||931.00||872.65 (14.77%)||Target met||Buy|
Automotive Axles Ltd. (AAL) reported muted set of results for Q1FY20; it reported revenues of Rs 418 cr due to subdued demand environment in auto segment, EBIDTA of Rs 49 cr (?13% YoY & ?17% QoQ) was largely in line with sales decline.
|2018-12-11||Automotive Axles Ltd. +||LKP Securities||1330.00||1898.00||1330.00 (-24.70%)||Buy|
and fuel costs the long term demand is intact as BS VI implementation and scrappage policy will trigger a strong and continuous demand for the sector. The company being market leader in axles business is well placed in gaining incremental business from its...
|2018-11-22||Automotive Axles Ltd. +||Axis Direct||1465.00||1838.00||1465.00 (-31.63%)||Buy|
Automotive Axles Ltd., a JV between Kalyani Group and Meritor Inc., is a leading player in the manufacturing of automotive axles for Medium & Heavy Comm. Vehicles (M&HCV;), esp. the rear wheel axles which is an integral and load bearing part of the drive line.
|2018-11-15||Automotive Axles Ltd. +||Angel Broking||1355.00||1450.00||1355.00 (-26.08%)||Target met||Buy|
Outlook & Valuation: We believe AAL is comfortably placed to tap the upcoming opportunity in the industry owing to improving road infra, BS-VI pre-buying and foray into new segment coupled with expansion of capacity by 35-40%. At the CMP of Rs1,250, the stock is available at 12.3x its FY2020E EPS of Rs96. We have assigned a multiple o..
|2017-03-27||Automotive Axles Ltd. +||HDFC Securities||713.90||782.00||713.90 (40.29%)||Target met||Buy|
|2016-05-30||Automotive Axles Ltd. +||Joindre Capital Services||810.00||Buy|
Joindre Capital Services
Established in 1981, Automotive Axles Limited (AAL) is a joint venture of Kalyani Group and Meritor Inc., USA. With manufacturing facilities located at Mysore (Karnataka), the company is currently the largest independent manufacturer of Rear Drive Axle Assemblies in India. AAL has also expanded its footprints in North India with its plants at Pantnagar and Jamshedpur. AAL has two manufacturing facilities at Mysuru, Panthnagar and Jamshedpur...
|2013-11-27||Automotive Axles Ltd. +||ICICI Securities Limited|