Hold Schaeffler India; target of Rs 3328: Sharekhan

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26 Aug, 2025 12:21

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Sharekhan's research report on Schaeffler India

During Q3CY2022, the company’s revenue was slightly below expectations, which was recovered by higher-than-expected EBITDA margin. The company continues to grow on a q-o-q basis. Exports is a high-growth area for SIL, given the company’s strong relationship with the parent with leading global OEMs and tier-I suppliers. Greater localisation and focus on market share gains would aid revenue and EBITDA growth going forward. We expect its earnings to report a 35.2% CAGR during CY2021-CY2023E.

Outlook

Given limited upside and expensive valuation, we maintain our Hold rating on Schaeffler India Limited (SIL) with a revised PT of Rs. 3,328. The stock is trading at a premium to its historical average at P/E of 43.3x and EV/EBITDA of 27.9x its CY2023E.

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Schaeffler India - 201022 - khan