Name: Latest research reports of Samvardhana Motherson International Ltd. authored by Emkay and published by - Trendlyne research reports.
Item: Samvardhana Motherson International Ltd.
Rating: 5
Author: Emkay

Samvardhana Motherson International Ltd.

14 Nov 2025

117.67

1.17%

In-line Q2 with better H2 outlook on growth/margins

Buy: Samvardhana Motherson Inte...

Target

Emkay

Samvardhana Motherson (SAMIL) delivered a largely in-line performance, with consol revenue up 8.5% YoY (6% ex-Atsumitech) to Rs301.7bn, with EBITDAM at 8.7% (vs 8.8% YoY), while APAT at Rs7.3bn was modestly below expectations.

Number of MF schemes increased from 34 to 40 in Sep 2025 qtr.

Jubilant Foodworks Ltd.

14 Nov 2025

604.05

0.42%

Strong Q2; assuring growth and margin outlook; Buy

Buy: Jubilant Foodworks Ltd.

Recommendation Target

Emkay

We maintain Buy on JUBI with unchanged TP of Rs825 (34x Sep-27 EBITDA), on assuring management commentary around delivering mid-teen topline growth along with gradual margin gains – both have been key investor concerns in our view.

Number of FII/FPI investors decreased from 662 to 642 in Sep 2025 qtr

Page Industries Ltd.

14 Nov 2025

37705.00

-1.60%

Weak Q2; physical channels dragging growth; Reduce

Sell: Page Industries Ltd.

Target

Emkay

We retain REDUCE on PAG and Sep-26E TP of Rs39,450 (45x P/E), as sub-par growth trends continued in Q2. PAG’s Q2 EBITDA was 6-18% lower than street’s/our estimates, on a 2-6% revenue miss and 100-300bps lower EBITDA margin.

Emkay decreased Sell price target of Page Industries Ltd. to 39450.0 on 14 Nov, 2025.

Eicher Motors Ltd.

14 Nov 2025

7098.50

0.64%

Focus on growth clearly visible

Sell: Eicher Motors Ltd.

Target

Motilal Oswal

Eicher's 2QFY26 consolidated PAT at INR13.6b was slightly lower than our estimates of INR14.4b, due to lower-than-expected margins in both segments.

BP Wealth released a Results Update report for Eicher Motors Ltd. on 14 Nov, 2025.

Tata Motors Ltd.

14 Nov 2025

359.45

2.12%

Market share loss across segments remains key concern

Neutral: Tata Motors Ltd.

Motilal Oswal

Tata Motors has reported the financials of the demerged entity for the first time. Given the restated financials for prior years, these are strictly not comparable to our estimates.

Tata Motors Ltd. has an average target of 355.00 from 2 brokers.

Capillary Technologies India Ltd.

14 Nov 2025

625.85

-2.82%

CAPILLARY TECHNOLOGIES INDIA LIMITED

IPO Subscribe: Capillary Technologies Ind...

Hem Securities

Company is a software product company offering artificial intelligence (AI)-based cloud-native Software-as-a- Service (SaaS) products and solutions primarily to Enterprise Customers (defined as customers contributing more than 4.00 million in revenue from operations in the six-month period ended September 30, 2025 and September 30, 2024 and 8.00 million in revenue from operations in a Fiscal) globally to develop loyalty of their consumers and channel partners. According to the...

Hem Securities released a IPO Subscribe report for Capillary Technologies India Ltd. on 14 Nov, 2025.

Nifty 50

14 Nov 2025

26249.40

0.18%

Sectoral Derivative Snapshot

Nifty 50

SBI Securities

Retail Research

invest4Edu released a Daily Note report for Nifty 50 on 01 Dec, 2025.

Bank Nifty

14 Nov 2025

59991.30

0.40%

Sectoral Technical Snapshot

Bank Nifty

SBI Securities

Retail Research

Bank Nifty is trading above all available SMAs

HG Infra Engineering Ltd.

14 Nov 2025

875.55

1.19%

H.G. Infra Engineering: Q2FY26 Result Review

Buy: HG Infra Engineering Ltd.

Target

IDBI Capital

HG Infra delivered a mixed set of results in Q2FY26 that underline execution progress on its large road/HAM portfolio but also reflect near-term noise from project accounting, higher financing and working-capital needs, on a standalone basis revenue rose to Rs11.5bn in Q2 vs Rs10.6bn a year ago (+8.4% YoY) but declined sharply QoQ from Rs17bn in Q1, driven by phasing of project billings. EBITDA dropped to Rs1.5bn with 12.7% margin versus 16.4% last year and PAT fell to Rs673mn, at 5.8% margin, reflecting higher finance costs and some oneoff provisions taken on specific contracts. We maintain BUY rating on the stock with revised TP at Rs1,126 value at 10x FY26E EPS. Q2 consolidated revenue was...

HG Infra Engineering has lost -34.23% in the last 1 Year

Lemon Tree Hotels Ltd.

14 Nov 2025

162.93

2.94%

Lemon Tree Hotels: Q2FY26 Result Review

Buy: Lemon Tree Hotels Ltd.

Target

IDBI Capital

Lemon Tree Hotels Ltd.'s (LTH) Q2FY26 result was in-line with our estimates on key parameters. The hospitality industry witnessed multiple headwinds during H1FY26 including geopolitical tensions, floods, tariff wars, and GST revisions, which led to muted demand in Q2. Despite these challenges, LTH reported the best ever Q2 performance. Management noted that demand continues to outpace supply, especially in Tier 2 and Tier 3 markets where branded inventory remains limited and pricing power is improving. Room rates across the industry are still about 20% lower than 200708 levels (inflation-adjusted), indicating...

Lemon Tree Hotels Ltd. is trading below its 50 day SMA of 163.6