NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
We initiate coverage on Suprajit Engineering Ltd. with a Buy rating. We are positive on the company due to-
-
The recovery in the underlying industry.
-
Synergies through acquisition to help add new clients and products to its portfolio.
-
New products to help drive content per vehicle.
-
The advantages of scale and low cost production that helps Suprajit maintain cost leadership vis-a-vis its peers on the global platform.
Furthermore, Suprajit maintains a strong free cash flow generating model with nominal capex requirements. We are building in revenue/ Ebitda of 16%/ 25% over FY24–26E along with return on equity/ return on capital employed of 20.1%/ 23% for FY27E.
We value Suprajit at 27 times Sept’26E earnings per share to arrive at a target price of Rs 711. In line with the five-year mean multiple.
Click on the attachment to read the full report:
KNR Construction Q1 Results Review – Government Capex To Propel Growth: Nirmal Bang
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
. Read more on Research Reports by NDTV Profit.