423.0500 2.95 (0.70%)
NSE May 23, 2025 15:31 PM
Volume: 98,105
 

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