Market Dashboard
BSE Code: | NSE Code: | ISIN: | Sector:
| Change | Change % |
| 0.50 | 0.26% |
Updated:18 Feb, 2019, 15:40 PM IST |
|
| Change | Change % |
| -0.35 | -0.19% |
Updated:18 Feb, 2019, 16:01 PM IST |
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Research Report Detail
| Brokerage Analyst |
Report Date | Call | Price@Call | Target Price Stop Loss |
Current Status | Time Horizon |
|---|---|---|---|---|---|---|
| HDFC Securities N/A |
15-09-2017 | Buy | 280.50 | 306.00 N/A |
Target Hit | Long (1Y) 15-09-2018 |
HDFC Securities maintains neutral on Suprajit Engineering
Suprajit
Engineering's (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).
SEL has a proven track record of prudent capital allocation across
its organic and inorganic capacities and requirements. This is
reflected in strong return ratios (average ROCE of 18% over the last
five years). However, we believe the Phoenix Lamps (PLL) business has
been a drag on the overall financials for quite some time. The new
H7 product line set up hasn't really helped in boosting sales in the
export aftermarket, and the company is still awaiting certifications for
the same in US and Europe. We have trimmed our estimates in FY18,
given the weak performance in 1QFY18.
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