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Buy Schaeffler India; target of Rs 4764: Sharekhan

Sharekhan is bullish on Schaeffler India has recommended buy rating on the stock with a target price of Rs 4764 in its research report dated July 24, 2024.

July 25, 2024 / 18:39 IST
BUY

BUY

 
 
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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.

For all recommendations report, click here

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Schaeffler India_25072024_Sharekhan

Broker Research
first published: Jul 25, 2024 06:39 pm

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