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Suprajit Engineering: Valuation looks attractive

We remain bullish about Suprajit Engineering (SEL) as it caters to the automotive segment, which is witnessing a V-shaped recovery in demand

August 25, 2020 / 03:21 PM IST
Suprajit Engineering: Valuation looks attractive

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The first quarter of the current financial year had been weak for Suprajit Engineering Ltd (CMP: Rs 182.95, Mcap: Rs 2,555 crore), a maker of automotive and non-automotive cables. Marred by the pandemic-led disruptions, the company’s revenues fell sharply and the operating margin turned negative. However, we remain bullish about Suprajit Engineering (SEL) as it caters to the automotive segment, which is witnessing a V-shaped recovery in demand. Its leadership position in automotive cables, diversification across products and clients, promising...

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