Suprajit Engineering Ltd. News and Updates

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

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Suprajit Engineering Ltd.

16 Feb 2018

392.10

0.81%

Suprajit Engineering Ltd: Consumer Discretionary - Automotiv... (Feb 16, 2018)

Hold: Suprajit Engineering Ltd.

Recommendation Target

Karvy

Revenue for 9MFY18 recorded Rs. 10247 Mn, up by 21.6% YoY, higher than theautomobile industry growth of 11.3% YoY during 9MFY18. The industry size for cables and lamps in the domestic market is quite vast, given that ~ 20 Mn vehicles are being added annually, so we believe that there is a sizeable opportunity for the company to expand its presence across all automotive segments.

Suprajit Engineering Ltd. is trading above its 30 day SMA of 390.4

Suprajit Engineering Ltd.

17 Nov 2017

392.10

0.81%

Result Update:Suprajit Engg.

Buy: Suprajit Engineering Ltd.

Target

Axis Direct

Q2FY18 consolidated EBITDA was in line with our estimate. Aftermarket revenue (~20% of sales) remained subdued in the wake of GST implementation and the management expects recovery in H2.

Suprajit Engineering.. has an average target of 586.00 from 3 brokers.

Suprajit Engineering Ltd.

16 Nov 2017

392.10

0.81%

Suprajit Engineering (2QFY18): On track. Maintain NEUTRAL

Neutral: Suprajit Engineering Ltd.

Target

HDFC Securities

Maintain NEU with TP of Rs 305 (20x SEL's consol Sept-19E EPS). Suprajit Engineerings (SEL) consol 2QFY18 result was in-line with estimates. Net sales came in at Rs 3.36bn (+19%YoY), led by 8% growth in the standalone business, 7% growth in PLLs business and incremental revenue of Rs 513mn from Wescon. Consol EBITDA was at Rs 560mn (+19.4% YoY), with margin at 16.6% (flat YoY, +238bps QoQ), led by expansion in margins in the standalone business (+100bps YoY).

Suprajit Engineering.. has an average target of 586.00 from 3 brokers.

Suprajit Engineering Ltd.

21 Sep 2017

392.10

0.81%

Result Update - Suprajit Engineering

Buy: Suprajit Engineering Ltd.

Target

Axis Direct

Q1FY18 consolidated EBITDA was below consensus and our estimates due to higher-than-expected impact of GST implementation on aftermarket revenue. The next leg of growth is likely to be driven by (1) gaining share in global auto and non-auto cables (including inorganic)

Suprajit Engineering.. has an average target of 586.00 from 3 brokers.

Suprajit Engineering Ltd.

15 Sep 2017

392.10

0.81%

Suprajit Engineering (1QFY18): Befog. Maintain NEUTRAL

Neutral: Suprajit Engineering Ltd.

Recommendation Target

HDFC Securities

Maintain NEU with a revised TP of Rs 306 (20x SEL's consol Jun-19E EPS) Suprajit Engineerings (SEL) consolidated 1QFY18 result came in below estimates, with PAT at Rs 226mn (+7% YoY), led by lower operating efficiencies. Revenue witnessed a jump of 27% YoY to Rs 3.2bn, while EBIDTA margin contracted sharply to 14.3% (-290bps YoY, -360bps QoQ).

Suprajit Engineering.. has an average target of 586.00 from 3 brokers.

Suprajit Engineering Ltd.

11 Sep 2017

392.10

0.81%

Pick of the Week - Suprajit Engineering

Buy: Suprajit Engineering Ltd.

Axis Direct

Suprajit Engineering.. has an average target of 586.00 from 3 brokers.

Suprajit Engineering Ltd.

12 Jun 2017

392.10

0.81%

Pick of the Week:12 JUN 2017

Buy: Suprajit Engineering Ltd.

Axis Direct

Suprajit Engineering.. has an average target of 586.00 from 3 brokers.

Suprajit Engineering Ltd.

05 Jun 2017

392.10

0.81%

Result Update:Suprajit Engg.

Buy: Suprajit Engineering Ltd.

Target

Axis Direct

Q4 consolidated EBITDA was 8%/17% ahead of our/consensus estimate on strong standalone/ Wescon performance.

Suprajit Engineering Ltd. is trading below its 50 day SMA of 395.1

Suprajit Engineering Ltd.

31 May 2017

392.10

0.81%

Suprajit Engineering (4QFY17): Strong at the core. Maintain BUY

Buy: Suprajit Engineering Ltd.

HDFC Securities

Suprajit Engineerings (SEL) consolidated 4QFY17 results were a strong beat, with robust performance of SELs cable business. PLLs performance was weak owing to absence of sale of H7 bulbs.

Suprajit Engineering.. has an average target of 586.00 from 3 brokers.

Suprajit Engineering Ltd.

17 Mar 2017

392.10

0.81%

Company Report:Suprajit Engg.

Buy: Suprajit Engineering Ltd.

Target

Axis Direct

Suprajit has consistently outperformed auto ancillary pack on revenue/ EBITDA CAGR over the past decade while maintaining RoCE at ~30%. With current utilization levels below 65% across product lines, the company is well-placed to capitalize on growth opportunities over the next 2-3 years.

Suprajit Engineering Ltd. is trading above its 30 day SMA of 390.4

Is Suprajit Engineering Ltd. worth buying?

118 Votes:

Buy 83.9%

Sell 11.02%

Hold 5.08%

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