Posted near in-line set of numbers and stable outlook provided for existing businesses. Expect new acquisition and new products from STC to be new gems in the coming few years for Suprajit, that will increase export growth opportunities & will further reduce dependency on domestic 2Ws. Despite input cost pressures, the company managed to maintain margin at 16%+, passing on RMC & other costs is expected to support at least a similar level of margin in the coming quarters. In LDC, low hanging fruits are visible on the costs side and multiple synergies in terms of manufacturing, engineering & business development to support continuation of the company’s outperformance in the coming years.
We maintain ACCUMULATE rating and target price of Rs. 405 per share.
In compliance with the Securities & Exchange Board of India (Prohibition of InsiderTrading) Regulations, 2015, it is hereby informed that the Trading Window of theCompany will remain closed from October…
Pursuant to the Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015, please find enclosed the voting results and Scrutinizer’s Report on theResolutions passed by the Members at the…
Pursuant to the provisions of Regulation 30 read with Part A of Schedule III of SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015, please be informed that theThirty-Eight (38th) AGM of…
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…
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…
Please check out here the Complete details of Analysis from Spark Capital.
