Sharekhan's research report on Schaeffler India
Schaeffler India Limited reported EBITDA at Rs. 335 crore (2.2% up q-o-q) against our estimate of Rs. 343 crore. The localisation level has reached 77% and exports have improved on a q-o-q basis. The stock trades at a P/E multiple of 39.8x and EV/EBITDA multiple of 25.8x its CY2025 estimates.
Outlook
We retain our BUY rating on the stock with a revised PT of Rs. 3,761 in anticipation of sustenance in domestic demand, success in the high-value EV business, increased localisation, inorganic growth opportunity, and expectation of improvement in the aftermarket segment and export revenue.
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