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Buy Schaeffler India: target of Rs 5258: Sharekhan

Sharekhan is bullish on Schaeffler India has recommended buy rating on the stock with a target price of Rs 5258 in its research report dated January 07, 2020.

January 08, 2021 / 15:09 IST
     
     
    26 Aug, 2025 12:21
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    Sharekhan's research report on Schaeffler India

    We expect Schaeffler to benefit from industrial and automobile aftermarkets, strong growth traction in railways and export segments and better prospects for bearings business, amid stricter norms. Earnings likely to grow by 51.7% in CY2021E and 32.9% in CY2022E, driven by a 21.4% CAGR during CY2020E-22E and a 320 bps improvement in EBITDA margin. Stock trades attractively at P/E multiple of 27x and EV/EBITDA multiple of 15.2x its CY2022E estimates.

    Outlook

    We maintain our Buy rating on Schaeffler India Limited (SIL) with a revised PT of Rs. 5,258, factoring in better multiples on strong traction in business outlook and upgrade in earnings estimates.

    For all recommendations report, click here

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    Broker Research
    first published: Jan 8, 2021 03:09 pm

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