Axis Capital: Suprajit Engineering - Earnings recovery ahead

Q2FY18 consolidated EBITDA was in line with our estimate. Aftermarket revenue (~20% of sales) remained subdued in the wake of GST implementation and the management expects recovery in H2. The next leg of growth is likely to be driven by (1) share gain in global non-auto cables; (2) increase in content supplied (CBS opportunity) to domestic OEMs; (3) recovery in aftermarket (both lamps and cables).

For detailed analysis please see attached company report...

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