Suprajit Engineering Ltd. News and Updates

Name: Latest research reports of Suprajit Engineering Ltd. authored by East India Securities Ltd and published by - Trendlyne research reports.
Item: Suprajit Engineering Ltd.
Rating: 3
Author: East India Securities Ltd

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Suprajit Engineering Ltd.

25 Aug 2020

394.25

1.70%

Suprajit Engineering: Valuation looks attractive

Moneycontrol

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

Suprajit Engineering Ltd.'s price crossed above 30Day SMA today

Suprajit Engineering Ltd.

24 Aug 2020

394.25

1.70%

Suprajit Eng

Hold: Suprajit Engineering Ltd.

Recommendation Target

East India Securities Ltd

for margin improvement. However, we believe current valuations already discount most of the for its strategically important SENA strategy, while Phoenix Lamps incremental growth will majorly positives of the better product mix, growth at export front and margin improvement and hence come from Osram's orders and aftermarket. Stringent cost rationalisation measures and better offer limited upside from here. We assign accumulate rating with target price of Rs. 474...

Suprajit Engineering Ltd. is trading above its 30 day SMA of 390.2

Suprajit Engineering Ltd.

24 Aug 2020

394.25

1.70%

Suprajit Eng

Buy: Suprajit Engineering Ltd.

Target

Dolat Capital

Surpajit Engineering reported decent numbers amid tough market conditions. Revenue for Q1FY21 de-grew by 51% YoY to Rs. 1.77bn due to production cuts taken by various OEMs owing to lockdown. EBITDA turned negative to Rs. 48mn (vs estimated loss Rs 100mn). Phoenix lighting revenue de-grew 49% YoY to Rs 337.3mn while SENA division (non-automotive cable) numbers beat estimates, benefited from temporary supply disruption of its one of competitors. Revenue de-grew 24% YoY to Rs 632.9mn while the company was able to...

Suprajit Engineering Ltd.'s price crossed above 30Day SMA today

Suprajit Engineering Ltd.

18 Jun 2020

394.25

1.70%

Buy Suprajit Engineering; target of Rs 156: East India Securities

Moneycontrol

East India Securities is bullish on Suprajit Engineering has recommended buy rating on the stock with a target price of Rs 156 in its research report dated June 15, 2020.

Suprajit Engineering Ltd.'s price crossed above 30Day SMA today

Suprajit Engineering Ltd.

17 Jun 2020

394.25

1.70%

Accumulate Suprajit Engineering; target of Rs 176: Dolat Capital

Moneycontrol

Dolat Capital recommended accumulate rating on Suprajit Engineering with a target price of Rs 176 in its research report dated June 15, 2020.

Suprajit Engineering Ltd.'s price crossed above 30Day SMA today

Suprajit Engineering Ltd.

15 Jun 2020

394.25

1.70%

Suprajit Eng

Buy: Suprajit Engineering Ltd.

Dolat Capital

Surpajit Eng reported decent performance amid challenging conditions. EBIDTA was Rs.549mn (-13.6% YoY), with a 14.1% margin (62bps YoY, vs. Est. 12.8%), strong operating performance in the core cable business was partially offset by fall in Phoenix margin. The core cable business benefited from strong replacement and export demand and increase in content per vehicle. Phoenix Lamp's revenue de-grew by 11% YoY to Rs.732 mn, and margin contracted sharply to 4.1% YoY, due to several one offs. The SENA...

Suprajit Engineering Ltd. is trading above its 30 day SMA of 390.2

Suprajit Engineering Ltd.

16 May 2020

394.25

1.70%

Buy Suprajit Engineering; target of Rs 155: East India Securities

Moneycontrol

East India Securities is bullish on Swaraj Engines has recommended buy rating on the stock with a target price of Rs 155 in its research report dated May 14, 2020.

Suprajit Engineering Ltd. has lost -25.29% in the last 6 Months

Suprajit Engineering Ltd.

14 May 2020

394.25

1.70%

Suprajit Eng

Buy: Suprajit Engineering Ltd.

East India Securities Ltd

Auto industry is looking forward for a better The employees whose salary levels are above Rs 5 lakhs p.a. will have to take a Diwali. On the back of improvement in rural...

Suprajit Engineering Ltd.'s price crossed above 30Day SMA today

Suprajit Engineering Ltd.

04 Jun 2019, 11:39AM

394.25

1.70%

Suprajit Engineering to acquire Osram's bulb manufacturing facility in Chennai

Business Line

Suprajit Engineering has entered into an Asset Purchase Agreement to acquire the halogen bulb manufacturing facility near Chennai from Osram India (Os

Suprajit Engineering Ltd. is trading above its 30 day SMA of 390.2

Suprajit Engineering Ltd.

12 Feb 2019

394.25

1.70%

Suprajit Engineering (3QFY19): Sailing through tough times. Downgrade to NEUTRAL

Neutral: Suprajit Engineering Ltd.

Recommendation Target

HDFC Securities

We are lowering our target PE Multiple to 17x and are revising our rating to Neutral with a TP of Rs 216 (17xDec-18). Suprajit Engineering reported marginally higher revenue growth (+10%) as compared to our estimates, but margins at 14.9% (-90bp YoY) continue to be impacted by the other business segments i.e. Phoenix Lamps and non automotive cable business. Management has given a muted outlook for the near term, driven by 1) moderation in the OEMs segment (especially 2Ws) and 2) sustained margin pressure in Phoenix and non automotive business both.