Sharekhan's research report on Sundram Fasteners
EBITDA came at Rs 228 crore as against estimate of Rs 221 crore. De-stocking in the overseas market is over, outlook appears positive for wind energy segment. Stock trades at P/E multiple of 24.4 and EV/EBITDA multiple of 16x its FY26 estimates.
Outlook
We maintain a Buy rating on the stock with an unchanged PT of Rs 1460 in expectation of traction in export revenue, expectation of new orders in the EV segment, successful execution of existing orders in EV and non-auto space.
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