Buy Automotive Axles, target price Rs 1,975: Axis Securities
Axis Securities has a buy call on Automotive Axles, with a target price of Rs 1975. The current market price of Automotive Axles is Rs 1833.1. Automotive Axles, incorporated in 1981, is a Small Cap company with a market cap of Rs 2755.52 crore, operating in the Auto Ancillaries sector.
Automotive Axles' key products/revenue segments include Automobile Products & Accessories, Scrap & Others, Wind Power and Other Operating Revenue for the year ending 31-Mar-2024.
Financials For the quarter ended 31-12-2024, the company has reported a Standalone Total Income of Rs 536.77 crore, up 7.19% from last quarter Total Income of Rs 500.77 crore and down -1.62% from last year same quarter Total Income of Rs 545.61 crore. The company has reported net profit after tax of Rs 39.58 crore in the latest quarter.
The company?s top management includes Dr.Babasaheb N Kalyani, Mr.Nagaraja Sadashiva Murthy Gargeshwari, Mr.Bhalachandra B Hattarki, Mr.B C Prabhakar, Ms.Bijal Tushar Ajinkya, Mr.Kenneth James Hogan. Company has S R Batliboi & Associates LLP as its auditors. As on 31-12-2024, the company has a total of 2 Crore shares outstanding.
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