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

This is to inform you that the United Auto Workers (UAW) Union has resorted to strike at 3 major Auto Companies, namely GM, Ford and Stellantis, in the USA. The…

This is to inform you that the Company has allotted 41,511 Equity Shares of Re. 1/- eachto 36 employees, who have exercised their option under the “SEL ESAR Plan -2017”…

Pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, we are enclosing herewith a copy of the Business Responsibility andSustainability Report of the Company for the…

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements),2015, please be informed that the Register of Member and Share Transfer Books of theCompany will remain closed from…

Thisis toinform that the 38th (Thirty Eighth) Annual General Meeting (AGM) of the Companywill be held on Monday, September 25, 2023 at 2.30 p.m. (IST) through Video Conference /Other Audio…

This is to inform you that we are participating in the Physical investor conference organized by Elara Capital at Mumbai on September 6, 2023. The list of Investors/analysts who are…

With reference to our announcement dated August 24, 2023. The dates to be read as September 30, 2023 instead of August 31, 2023 and October 1, 2023 instead of Sept…

Call Recording of Q1 FY24 Result Conference Call Hosted by Anand Rathi Research on 14 Aug 2023, at 11:00 am IST Suprajit Eng Q1FY24 Call Recording

Suprajit in the News / Media

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…

Suprajit Engineering (SEL) has consistently grown ahead of industry through inorganicopportunities. Through its newest acquisition (LDC), company is well placed to increaseits global market share in control cables.

Suprajit Engineering Limited’s (Suprajit’s) Q2FY2022 numbers were better than expectations, with revenue, EBIDTA, and PAT improving by 36.5%, 62.6%, and 99.8%, respectively, on a q-o-q basis. Net revenue improved by…

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