Motilal Oswal Research Report on Suprajit Engineering

Result Highlights

# Suprajit’s 4Q is not comparable as Phoenix has been consolidated since 3Q while we do not have comparable numbers from the prior period.
# Standalone revenues have risen 17% and EBITDA is up 24% while profits are down 6% on sharp rise in interest cost.
# Consolidated results have recieved a boost from Phoenix acquisition with 77% revenue growth and doubling of profit.
# Margins have been stable with marginal QoQ and YoY growth, while standalone margins have risen 100bps.
# Acquisition cost of INR1cr is factored into 4Q earnings. Numbers are marginally higher than our estimates.
# Dividends – Final dividend of INR.0.55/share and interimn dividend of INR.0.50/share.

For detailed analysis please see attached company report…

Anouncements from Suprajit

Please find attached financial results and business updates on un-audited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended December 31, 2023.

Please find an invitation for Q3 FY24 Results conference call to be held on Thursday, February 15, 2024 at 11:00 a.m IST.

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…

Please find attached the Chairman’s Mid-Year Letter (2023-24)

Suprajit is pleased to inform you that an outright purchase of industrial property with land measuring 1,75,000 sq.ft along with buildings measuring 70,000 sq.ft located at Jigani Industrial Area. Jigani…

Call Recording of Q2 FY24 Result Conference Call Hosted by Anand Rathi

Suprajit in the News / Media

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…

We forecast revenue CAGR of 25% over FY22-25E We forecast 28% EPS CAGR over FY22-25E for Suprajit We initiate coverage with a BUY recommendation and Sep-23E TP of Rs440 Consistent…

Notice is hereby given that the 37th (Thirty Seventh) Annual General Meeting (AGM) of the Members of Suprajit Engineering Limited (“the Company”) will be held on Monday, September 26, 2022,…

We initiate coverage on Suprajit Engineering (SEL) with a BUY rating. SEL is one of the largest manufacturers of Automotive Control Cables and Halogen Lamps, supplying to domestic & international…

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