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NSEJan 19, 2021 03:31 PM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2016-10-27||Munjal Showa Ltd. +||Karvy||228.95||253.00||228.95 (-38.65%)||Target met||Hold|
To Pace With 2-wheeler Segment Growth: Improvement in operating margins: Munjal Showa posted marginal 1.0% QoQ revenue growth in Q2FY17 at Rs. 3893 Mn and 5.5% YoY growth. EBITDA margins improved by 131bps QoQ which stood at 8.1% in Q2FY17 as compared to 6.8% and 7.8% in Q1FY17 and Q2FY16 respectively driven by reduction in raw material costs by 100bps and other operating expenses by ~ 80bps leading PAT margins toexpand by 88bps QoQ and 58bps YoY during Q2FY17. H1FY17 revenues slightly improved by 1.9% at Rs. 7746 Mn YoY while EBITDA and PAT declined by 3.8% and 0.7% respectively.
|2015-08-04||Munjal Showa Ltd. +||Karvy||215.60||238.00||215.60 (-34.86%)||Target met||Buy|
Abstract: The performance of Munjal Showa Ltd (MSL) is fundamentally basedon the performance of Hero MotoCorp (HMCL) as it forms their primary client base where a significant portion of their revenue is drawn from here. Considering Hero's growth trend to be the back bone, the variables used for revenue estimations are a function of the number of shock absorbers sold and per unit realization.
|2014-08-07||Munjal Showa Ltd. +||Ajcon Global||149.00||198.00||149.00 (-5.74%)||Target met||Buy|
collaboration with Showa Corporation of Japan, the pioneering global leaders in the manufacture of shock absorbers, Munjal Showa Limited is a member of Hero Group, a US $1.3 billion manufacturing conglomerate, with a 45-year history. Munjal Showa Limited in its joint venture with Showa Corporation (holding 26 percent stake in the Company), designs and manufacturers shock absorbers and struts for leading two-wheelers and fourwheelers. MSL's manufacturing plant is spread over an...
|2012-02-17||Munjal Showa Ltd. +||Nirmal Bang||71.40||97.00||71.40 (96.71%)||Target met||Buy|
Munjal Showa was established in 1987 in technical and financial collaboration with Showa Corporation of Japan. Munjal Group holds 39% stake followed by Showa Corporation, which has 26% stake in the Munjal Showa Limited. Munjal...