Sharekhan's research report on Schaeffler India
Reported PAT was in-line with a 4.7% beat in EBITDA led by sustainable export growth.Export performance benefited from Europe plus One theme and development of new markets. Stock trades at a P/E multiple of 49.4x and EV/EBITDA multiple of 32.2x its CY2025 estimates.
Outlook
We retain a Buy with a revised PT of Rs. 4764 anticipating steady domestic demand, success of high-value EV business, better localisation, and expectation of improvement in aftermarket segment and export revenues.
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