Suprajit Engineering (SEL; CMP: Rs 338.5; M Cap: Rs 4,690 crore), the maker of automotive and non-automotive cables, has reported a decent set of numbers in Q4FY22 on a sequential basis. Stable demand, coupled with cost-reduction efforts, helped the company better its operating margin, despite commodity-linked cost inflation. The company is India’s largest manufacturer of automotive cables. Its diversification across products and clients, promising aftermarket and export potential, coupled with attractive valuations (18.6 times FY24 projected earnings), make it worthy of...
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