Monarch Networth Capital Limited
Leading suppliers of engines to auto OEMs with high market share in 3W segment. As on 3QFY21, the company derives its revenue from: engines (47%), aftermarkets (25%), E-mobility (13%)and others (15%). Clients: Tata Motors, Piaggio, TVS, M&M;, Atul Auto We feel a P/E range of 20x-25x should be justified for Greaves which leads to a fair value range of ~Rs160200, translating into upside range of ~19%-49%. High wallet share with key 3W OEMs...
Greaves Cotton Ltd. has lost -24.96% in the last 3 Months
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