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Buy Gabriel India; target of Rs 558: Sharekhan

Sharekhan is bullish on Gabriel India has recommended buy rating on the stock with a target price of Rs 558 in its research report dated October 23, 2024.

October 24, 2024 / 12:48 IST
Buy
     
     
    26 Aug, 2025 12:21
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    Sharekhan's research report on Gabriel India

    Gabriel reported PAT at Rs. 52.7 crore (+12.2% y-o-y) against our estimate of Rs. 54 crore on 3% beat in revenue estimates and 50 bps y-o-y expansion in gross margin. The Sunroof project has delivered EBITDA margin of 16.6% in Q2FY2025 against 14% in Q1FY2025.

    Outlook

    We maintain BUY with an unchanged PT of Rs. 558, driven by its strong brand reputation, expansion strategies, profitability focus, anticipated rise in content per vehicle, inorganic growth initiatives, and enhance export potential. The stock trades at a P/E multiple of 20.6x and EV/EBITDA multiple of 13.2x its FY2027E.

    For all recommendations report, click here

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    Gabriel India - 24102024 - khan

    Broker Research
    first published: Oct 24, 2024 12:48 pm

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