Sharekhan's research report on Suprajit Engineering
Suprajit Engineering Ltd. (SEL) has evolved as a well-diversified and de-risked company through a continuous focus on improving technology, widening its product portfolio, enhancing content per vehicle, increasing geographical penetration and building multiple brands. Expect its LDC biz to be EBITDA positive from Q3 and margin normalisation in FY24E. As a result, SEL’s earnings to clock a 24.3% CAGR during FY2022-FY2024E. Stock trades at comfortable valuations at P/E multiple of 14.9x and EV/EBITDA multiple of 9.8x its FY25E estimates.
Outlook
We reiterate a Buy on the company with a revised PT of Rs.403, factoring its robust value proposition to its domestic and global clients and comfortable valuations.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.