HDFC Securities: Suprajit Engineering - Well wired

Suprajit Engineering (SEL) has a enviable track record of reporting robust (20%+) revenue/APAT CAGR over the past decade further complemented by best-in-class RoCEs (30%+) driven by customer diversification, prudent cost control, market share gain and high capital efficiency.

For detailed analysis please see attached company report...

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Suprajit in the Media

HDFC Securities: Suprajit Engineering - Strong at the core

Suprajit Engineering’s (SEL) consolidated 4QFY17 results were a strong beat, with robust performance of SEL’s cable business. PLL’s performance was weak owing to absence of sale of H7 bulbs.

For detailed analysis please see attached company report...

Quant Analysis: Suprajit Engineering - Strong quarter; Outlook remains positive

# Results are not comparable due to Wescon Controls (WC) acquisition on 9Sep17.

# Cons Revenues/EBITDA/Adj PAT grew by 33%/38%/123% y-y to Rs3.6bn/Rs653mn/Rs400mn (quant: Rs3.3bn/Rs539mn/Rs229mn), above estimates due to strong revenue/margin performance in Cables division and newly acquired WC.

For detailed analysis please see attached company report...

Edelweiss Capital: Suprajit Engineering - In line show; outlook robust

Suprajit Engineering’s Q3FY17 consolidated EBITDA (including Phoenix Lamps - PHLL), at INR421mn, came in line with our estimate. Key highlights: 1) SEL to continue to outperform industry growth by 5-10% at consolidated level; Indian market growth to be in line with industry; 2) it became tier I supplier to Maruti Suzuki with a small order for speedo cable.

For detailed analysis please see attached company report...

HDFC Securities: Suprajit Engineering - status quo

Suprajit Engineering’s (SEL) consolidated 3QFY17 results came in below expectations owing to the weak performance of its cable business (effect of demonetisation) and a seasonally weak quarter for Wescon Controls.

For detailed analysis please see attached company report...

JM Financial (JMF) model portfolio update

The Nifty 50 has turned in a negative return over the past two years (Jan’15–Jan’17) after a 30% rally in CY2014, due to recurring disappointment to earnings with the then FY15E EPS now likely fructifying in FY18E.

For detailed analysis please see attached company report...

Anandrathi: Suprajit Engineering - Q2 FY17 Earnings Conference Call

The Q2 FY2017 earnings conference call of Suprajit Engineering Limited hosted by Anand Rathi Shares and Stock Brokers Limited.

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.