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Anouncements from Suprajit

Operations:• India Operations continue to remain strong. The overall Indian automotive segment grew at 35% during the 1st quarter. Against this, Suprajit’s India business grew at 60+%.• Global automotive volumes…

12 August 2022, at 11:00 am IST Hosted by Anand Rathi Research

Further to our earlier communications on LDC dated 25th May 2022 and 6th April 2022, this update is released based on first hand understanding of LDC operations, subsequent to managing…

In Compliance with the securities & exchange board of India regulations, 2015, it is hereby informed that the trading window of the company will remain closed from July 1, 2022…

The Domestic Cable Division (DCD) performed robustly despite downtrend in two wheeler industry. This is largely due to increased OEM penetration and aftermarket growth. The SENA division’s sales performance has…

SUPRAJIT ENGINEERING LIMITED (SUPRAJIT) CONCLUDES THE ACQUISITION OF LIGHT DUTY CABLE (LDC) BUSINESS UNIT OF KONGSBERG AUTOMOTIVE ASA. Suprajit is pleased to announce that it has successfully concluded the acquisition…

Highlights of the Results The Board has declared an interim dividend of 90% (Re. 0.90 per equity share of Re. 1/-)as against 75% (Re.0.75 per equity share of Re.1/-) last…

Suprajit in the News / Media

We initiate coverage on Suprajit Engineering (SEL) with a BUY rating. SEL is one of the largest manufacturers of Automotive Control Cables and Halogen Lamps, supplying to domestic & international…

Suprajit Engineering (SEL) has consistently grown ahead of industry through inorganicopportunities. Through its newest acquisition (LDC), company is well placed to increaseits global market share in control cables.

Suprajit Engineering Limited’s (Suprajit’s) Q2FY2022 numbers were better than expectations, with revenue, EBIDTA, and PAT improving by 36.5%, 62.6%, and 99.8%, respectively, on a q-o-q basis. Net revenue improved by…

Suprajit Engineering (SEL) reported consolidated EBITDA margin of 16.2% (-40bps YoY,+260bps QoQ), 140bps above JMFe driven by strong margin performance in automotive cable division. Management expects the headwinds such as…

Suprajit Engineering (SEL) reported Q2FY22 EBITDA of INR801mn beating our estimate by 22% due to a strong revenue performance. Acceptance of price hike for earlier quarters by OEMs (~2% of…

Suprajit Engineering (SEL) displayed resilient performance on the back of strong margin performance in the Automotive cable business. Revenue grew 11.4% YoY to Rs. 4.94bn led by 10% YoY increase…

Posted near in-line set of numbers and stable outlook provided for existing businesses. Expect new acquisition and new products from STC to be new gems in the coming few years…

Acquisition of Kongsberg’s Light Duty Cable (LDC) business sets stage for SEL to transform from a contender to global leader in cables with several benefits. Global cable business & aftermarket…

We reiterate our Buy rating on Suprajit Engineering Limited with a revised PT of Rs. 329, factoring its robust value proposition to its domestic and global clients, aided by its…

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