Moneycontrol PRO

Discovery Series: Axtel – A proxy for the promising food processing industry

Axtel has maintained healthy margins and return ratios with negligible debt

January 07, 2021 / 12:32 PM IST
Discovery Series: Axtel – A proxy for the promising food processing industry

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights - A 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 competitors, an advantage in the exports market - Healthy financial track record An eye-catching financial performance coupled with presence in the promising food processing sector prompted us to look at Axtel Industries (Axtel, CMP:Rs 228 M Cap:Rs 368 crore)....

  • PRO Panorama

    Moneycontrol Pro Panorama | Can ‘bad bank’ be the silver bullet for bad loans?

    Sep 17, 2021 / 04:04 PM IST

    In today’s edition of Moneycontrol Pro Panorama: All-out war on NPAs, state of the economy, Weekly Tactical, the disinvestment clock, why Zomato should spill the beans, rate hike pot boils and more  

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Perfect storm over China

    Sep 18, 2021 / 10:34 AM IST

    From the Evergrande debt crisis to a slowing growth rate to the crackdown on technology companies to the growing confrontation with the West, the cup of woes is spilling over for China

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers