Buy Automotive Axles, target price Rs 1975: HDFC Securities

HDFC Securities has buy call on Automotive Axles with a target price of Rs 1975. The current market price of Automotive Axles is Rs 1723.45. Time period given by analyst is 6 months when Automotive Axles Ltd. price can reach defined target.

Automotive Axles Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 2627.97 Crore) operating in Auto Ancillaries sector.

Automotive Axles Ltd. key Products/Revenue Segments include Automobile Products & Accessories, Scrap & Others, Other Operating Revenue and Wind Power for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Standalone Total Income of Rs 376.07 Crore, up 21.32 % from last quarter Total Income of Rs 309.98 Crore and up 37.41 % from last year same quarter Total Income of Rs 273.68 Crore. Company reported net profit after tax of Rs 19.80 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 71.04 per cent stake in the company as of 31-Dec-2021, while FIIs owned 1.43 per cent, DIIs 13.5 per cent.