Suprajit in the Media

HDFC Securities: Suprajit Engineering - Priced in

Suprajit Engineering (SEL) consol 4QFY18 Rev/EBITDA/PAT numbers were below estimates but margin beat estimates.

For detailed analysis please see attached company report...

JM Financial (JMF): Suprajit Engineering: 4QFY18 - Healthy operational performance

Suprajit Engineering (SEL) reported 4QFY18 revenues of INR 4.1bn (+13% YoY, +11% QoQ), driven by increase in aftermarket lamp business and domestic OE cable business, in line with increase in domestic 2W and 4W sales.

For detailed analysis please see attached company report...

Edelweiss Capital: Suprajit Engineering - Ready to soar

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Axis Capital: Suprajit Engineering - Earnings recovery ahead; reiterate BUY

Q3FY18 consolidated EBITDA came in at Rs 582 mn (+22% YoY, +4%QoQ), 5% below est. on lower profitability at Wescon. Management on call reiterated it will continue to outperform industry growth by 5-10%,led by market share gains and increase in content supplied.

For detailed analysis please see attached company report...

HDFC Securities: Suprajit Engineering - Limited upside

Suprajit Engineering (SEL) consol 3QFY18 EBITDA and PAT numbers were slightly below estimates. Net sales at Rs. 3.66bn (+18% YoY) led by 28% growth in cable business, offset by muted growth in Phoenix (+2% YoY) and Wescon business(+10% YoY). Consol EBITDA stood at Rs. 582mn (+18% YoY) with margin at 15.9 % (flat YoY, -75bps QoQ). Margin contracted 75bps sequentially led by margin pressure in cable business (-73bps YoY) and Wescon(-33 bps YoY), offset by 120bps margin improvement by Phoenix.

For detailed analysis please see attached company report...

HDFC Securities: Suprajit Engineering - On track

Suprajit Engineering’s (SEL) consol 2QFY18 result was in-line with estimates. Net sales came in at Rs 3.36bn (+19%YoY), led by 8% growth in the standalone business, 7% growth in PLL’s business and incremental revenue of Rs 513mn from Wescon. Consol EBITDA was at Rs 560mn (+19.4% YoY), with margin at 16.6% (flat YoY, +238bps QoQ), led by expansion in margins in the standalone business (+100bps YoY).

For detailed analysis please see attached company report...
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Suprajit produces a variety of control cables (throttle, brake, clutch, parking brake, push pull, boot/hood/seat release, window winding, etc). Suprajit is the global leader in control cables for two wheelers and motorcycles, while also supplying control cables to marquee global automotive and non-automotive manufacturers.