|
04 Apr 2025 |
Automotive Axles
|
Consensus Share Price Target
|
1665.20 |
2003.00 |
- |
20.29 |
buy
|
|
|
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06 May 2021
|
Automotive Axles
|
ICICI Securities Limited
|
1665.20
|
1260.00
|
1061.40
(56.89%)
|
Target met |
Buy
|
|
|
|
|
11 Feb 2021
|
Automotive Axles
|
Axis Direct
|
1665.20
|
1341.00
|
1158.80
(43.70%)
|
Target met |
Buy
|
|
|
We retain BUY with target price of Rs 1341 (22% upside) on back of expected recovery in CV segment.
|
|
10 Nov 2020
|
Automotive Axles
|
Axis Direct
|
1665.20
|
842.00
|
724.10
(129.97%)
|
Target met |
Buy
|
|
|
We retain BUY with target price of Rs 842 (16% upside) on back of expected recovery in CV segment. Resurfacing of Covid cases and extended lockdown remains key risk to our assumptions.
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|
19 Aug 2020
|
Automotive Axles
|
Axis Direct
|
1665.20
|
862.00
|
724.70
(129.78%)
|
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.
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27 Jul 2020
|
Automotive Axles
|
Axis Direct
|
1665.20
|
546.00
|
524.20
(217.67%)
|
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.
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|
06 May 2020
|
Automotive Axles
|
Axis Direct
|
1665.20
|
536.00
|
492.10
(238.39%)
|
Target met |
Hold
|
|
|
COVID 19 IMPACT: CV DEMAND LED FALL EXPECTED
|
|
03 Mar 2020
|
Automotive Axles
|
Axis Direct
|
1665.20
|
686.00
|
661.95
(151.56%)
|
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.
|
|
09 Sep 2019
|
Automotive Axles
|
Axis Direct
|
1665.20
|
931.00
|
872.65
(90.82%)
|
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.
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|
11 Dec 2018
|
Automotive Axles
|
LKP Securities
|
1665.20
|
1898.00
|
1330.00
(25.20%)
|
|
Buy
|
|
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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...
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22 Nov 2018
|
Automotive Axles
|
Axis Direct
|
1665.20
|
1838.00
|
1465.00
(13.67%)
|
|
Buy
|
|
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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.
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