BQ Prime’s particular analysis part collates high quality and in-depth fairness and economic system analysis studies from throughout India’s prime brokerages, asset managers and analysis companies. These studies supply BQ Prime’s subscribers a chance to develop their understanding of firms, sectors and the economic system.
AIA Engineering Ltd. is on observe to ship ~30,000 tonne incremental volumes (in step with administration steerage) every year in FY23 and FY24, led by regular demand, doubtless gradual easing of logistics points and capability enlargement.
Firm has lately entered right into a non-exclusive settlement with SAL Metal Ltd. for provide of key uncooked materials ferro-chrome for 3 years. The deal is prone to end in elevated provide of ferro-chrome from the home market (at present ~15% of the requirement is imported).
As per our channel checks, volumes from Canada and South Africa are additionally prone to present enchancment in FY23.
AIA Engineering is endeavouring to extend its market share on the again of its functionality to supply customised options, improved product basket and easing of logistics points.
With the current decline in commodity costs, we anticipate blended realisations to average although Ebitda margin is prone to stay intact. Robust enterprise moat, credible administration and strong steadiness sheet give us consolation on the corporate.
Click on on the attachment to learn the total report:
This report is authored by an exterior social gathering. BQ Prime doesn’t vouch for the accuracy of its contents neither is liable for them in any approach. The contents of this part don’t represent funding recommendation. For that you need to at all times seek the advice of an skilled primarily based in your particular person wants. The views expressed within the report are that of the creator entity and don’t characterize the views of BQ Prime.
Customers haven’t any license to repeat, modify, or distribute the content material with out permission of the Unique Proprietor.