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 regulations, 2015, it is hereby informed that the trading window of the company will remain closed from July 1, 2022…
See the attached report of Secretarial Compliance For FY Ended 31-Mar-2022
Call Recording of Q4 FY22 Result Conference Call Hosted by Anand Rathi Research on 26 May 2022, at 11:00 am IST
The Domestic Cable Division (DCD) performed robustly despite downtrend in two wheeler industry. This is largely due to increased OEM penetration and aftermarket growth. The SENA division’s sales performance has…
26 May 2022, at 11:00 am ISTHosted by Anand Rathi Research
SUPRAJIT ENGINEERING LIMITED (SUPRAJIT) CONCLUDES THE ACQUISITION OF LIGHT DUTY CABLE (LDC) BUSINESS UNIT OF KONGSBERG AUTOMOTIVE ASA. Suprajit is pleased to announce that it has successfully concluded the acquisition…
Highlights of the Results The Board has declared an interim dividend of 90% (Re. 0.90 per equity share of Re. 1/-)as against 75% (Re.0.75 per equity share of Re.1/-) last…
Please find here the Investor Presentation
The overall H1 performance has been satisfactory, despite headwinds, with improvements in operational revenue and EBIDTA. The results for the first half had certain one-off impacts relating to Wescon paycheck…
“Suprajit Engineering Limited hosted by Anand Rathi Share and Stock Brokers” SPEAKERS: MR. N S MOHAN – MANAGING DIRECTOR AND CEO, SUPRAJIT ENGINEERING LIMITEDMR. AKHILESH RAI – CHIEF STRATEGY OFFICER…
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.
Suprajit Engineering (SEL) reported consolidated EBITDA margin of 16.2% (-40bps YoY,+260bps QoQ), 140bps above JMFe driven by strong margin performance in automotive cable division. Management expects the headwinds such as…
Suprajit Engineering (SEL) reported Q2FY22 EBITDA of INR801mn beating our estimate by 22% due to a strong revenue performance. Acceptance of price hike for earlier quarters by OEMs (~2% of…
Suprajit Engineering (SEL) displayed resilient performance on the back of strong margin performance in the Automotive cable business. Revenue grew 11.4% YoY to Rs. 4.94bn led by 10% YoY increase…
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…
Acquisition of Kongsberg’s Light Duty Cable (LDC) business sets stage for SEL to transform from a contender to global leader in cables with several benefits. Global cable business & aftermarket…
We reiterate our Buy rating on Suprajit Engineering Limited with a revised PT of Rs. 329, factoring its robust value proposition to its domestic and global clients, aided by its…
We reiterate ‘BUY’ on Suprajit Engineering (SEL) with a revised target multiple of 20x (earlier 15x; close to historical peak, but at 20% discount to Motherson’s domestic business) and raise…
