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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

    Nitin Agrawal
    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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