BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
We expect MM Forgings Ltd. to post very strong growth in domestic medium and heavy commercial vehicles, driven by anticipated replacement demand assuming no further lockdowns, and strong exports.
The company is reasonably confident about export growth, given the strong momentum in Class-five and eight trucks in the U.S.
Accordingly, we expect strong growth.
Also, with more products from more press lines, we expect machining content to go up 55% from 52% now.
With strong volume growth driven by operating leverage and greater machining content, we expect margin expansion in FY22 and FY23.
Risk- Less-than-estimated volume growth.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
