Automotive Axles Ltd. share price target

We maintain our BUY rating on the stock with a 20% upside potential from the CMP.

We recommend a BUY with a Target price of Rs 1,860/share, implying ~10% upside.

We maintain a BUY rating on the stock.

We maintain a BUY rating with a 15% upside potential.

We recommend a BUY on the stock with a TP of Rs 1,935/share, implying an upside of 10% from the CMP.

We maintain a BUY rating with a 16% upside potential.

We maintain a BUY rating with a 13% upside potential.

We maintain a BUY rating with a 10% upside potential.

We maintain a BUY rating with a 13% upside potential.

Being a proxy play to the CV industry, at CMP we find limited downside risk to AutoAxles. Hence, we upgrade the stock to BUY from SELL earlier with an 11% upside potential.

We recommend a BUY rating on the stock with a target price of Rs 2,050/share, implying an upside of 10% from the CMP.

AAL is currently the largest independent manufacturer of rear drive axle assemblies for CVs (primarily M&HCVs) in India. AAL has continuous focus on working capital
improvement and inventory optimization and continuous focus on revenue
improvement, new product development, operational excellence & cost optimization as part of Industry 4.0 Strategy.

We expected muted domestic MHCV industry growth in FY25 and AutoAxles being a proxy to the industry we factor in limited upside potential from current levels. Hence, we downgrade the stock from HOLD to SELL (previously BUY to HOLD in Q2FY24 report).

Post the recent run-up in prices, the valuation appears full. As a result, with limited upside potential from current levels, we downgrade the stock from BUY to HOLD.

We maintain our BUY rating on the stock with the TP at Rs 2,400/share.

Recommendation: Post recent correction, the valuation looks attractive. As a result, we upgrade our rating from HOLD to BUY

Recommendation: We maintain our HOLD rating on the stock.

After the recent run-up to current levels post strong Q3 results, the stock looks fairly valued and we need to await a better entry point; hence downgrade our rating from BUY to HOLD. Given the strong CV Cycle we value the stock at 19x (earlier 18x) it's FY25 EPS (roll forward from Sept'24 EPS). O..