Suprajit Engineering (SEL) delivered decent revenue growth although with subdued margin performance in 2Q. Consol Revenue at Rs 3.9bn (+16% YoY) led by strong growth in core cable business, offset by muted growth in Phoenix (flat YoY) and seasonally weak quarter for Wescon. Consol EBITDA de-grew 5% YoY to Rs 531mn with disappointing margin at 13.6% led by rise in commodity prices and freight cost. SEL has been able to pass on most of the cost increase, however benefit will come from 3Q (lag effect). Management has given strong outlook for 2H and FY20 led by 1) Improving traction with domestic & export 4Ws OEMs in the cable business 2) Improving utilisation of Phoenix’s H7 line (>50%), and 3)Diversification in its non-auto cable business.
We expect capacity expansion (250mn to 300mn cables), acquisition of new business in 4W cable segment and ramp up of new H7 line of Phoenix are key positives for the company. SEL is also confident of passing on costs (lag effect) and maintained 14-16% EBITDA margin guidance for FY19. We have cut EPS by 13/9% for FY19/20E factoring in margin pressure. Expect EPS CAGR of 15% over FY18-21E. We value the stock Rs 282(20xSept-20E EPS). Maintain BUY
Further to our letter no. SEL/SEC/ 2024-2025/43 dated August 19, 2024, we are enclosing herewith the Letter of Offer dated August 29, 2024 and Tender Forms in relation to the…
Call Recording of Q1 FY25 Result Conference Call Hosted by Anand Rathi Investors Q1 FY 25 Earning Call Transcript
Please find attached financial results for the Quarter Ended June 30, 2024
See attached letter for more information.
Enclosed Please find an invitation for Investors conference call to be held on Friday, August 16, 2024 at 11:00 a.m IST.
See attached letter for more information.
See attached letter for more information.
Company has signed the closing memorandum for Asset and business acquisition in Germany and equity purchase in Poland and Morocco as First Stage of acquisition of the business of Stahlschmidt…
In compliance with the Securities & Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, it is hereby informed that the Trading Window of the Company will remain closed…
In continuation to our letter dated June 9, 2024, We would like to inform you thatSuprajit USA Inc, the wholly owned subsidiary of Suprajit Engineering Limited has set upits wholly…
Please find attached the letter and copies of Public Announcement.
Since Inauguration in Q1 Suprajit Electronics Division (SED) has already reached revenue run rate of Rs. 100 Mn per month with Rs. 5 Bn p.a from electronics business in near…
Strong growth in Electronics division driven by increased deliveries for EV/ICE vehicles Suprajit’s consolidated revenue stood at INR 7,242 Mn in Q3FY24, below our estimate of INR 8,211 Mn registering…
We expect 12% revenue CAGR for SEL over FY23–25E, led by all-round growth across business segments and an incremental ₹8.7 bn from LDC revenue. Auto Cable business is expected to…
Please find attached the copy of Newspaper Advertisement published by the Company in‘Business Standard’, English Newspaper and ‘Sanjevani’, Kannada Newspaper.
Find below attached copies of the Newspaper Advertisement published by the company in “Financial Express”, English Newspaper and “Sanjevani”, Kannada Newspaper, with respect to Financial Results for the quarter ended…
Find below attached copies of the Newspaper Advertisement published by the company in “Business Standards”, English Newspaper and “Sanjevani”, Kannada Newspaper, with respect to Financial Results for the quarter and…
由Anand Rathi Research於2023年2月14日上午11：00主持的23財年第三季度業績電話會議的電話會議錄音 Suprajit Eng Q3FY23 通話錄音
Enregistrement de la conférence téléphonique sur les résultats du troisième trimestre de l’exercice 23, organisée par Anand Rathi Research, le 14 février 2023, à 11 h 00 IST. Suprajit Eng…
Grabación de la conferencia telefónica sobre los resultados del tercer trimestre del ejercicio fiscal 23 organizada por Anand Rathi Research el 14 de febrero de 2023, a las 11:00 horas…
