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Axtel – Stellar quarter justifies the sharp run-up in stock

Given the unique moats of Axtel Industries and the opportunity size of the industry, the valuation has scope to sustain

February 16, 2021 / 10:16 AM IST
Axtel – Stellar quarter justifies the sharp run-up in stock

Highlights - Stellar quarter, growth momentum continues - Axtel is the lone formidable home grown player in food processing equipment & solutions - Supplies complete process plants predominantly to snack food, spices & confectionery companies - High entry barrier business with clients conscious about quality - Huge opportunity in food processing business in India - Cheaper than European competitor, an advantage in the exports market An eye-catching financial performance coupled with the presence in the promising food processing sector prompted us to look at Axtel Industries...

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