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This Article is From Jul 09, 2024

Sansera Engineering - Capitalising On Diversification, Exports; IDBI Capital Initiates Coverage With A Buy

Sansera Engineering - Capitalising On Diversification, Exports; IDBI Capital Initiates Coverage With A Buy
Sansera Engineering Ltd. (Source: Company website)
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Sansera Engineering Ltd
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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.

IDBI Capital Report

We initiate coverage on Sansera Engineering Ltd. with a Buy rating and a target price of Rs 1,625/share. Sansera, an engineering-led manufacturer of precision components, is set for impressive growth.

We project a 37% compound annual growth rate in non-non-internal combustion engine sales from FY24 to FY27E, far outpacing AutoICE sales growth.

Expansion into high-margin export markets (low to mid-20s margin) will further boost profitability and EPS. With a robust order book of Rs 15.9 billion dominated by non-ICE and export, Sansera has strong revenue visibility.

We expect revenue and profit after tax CAGR of 17% and 35% respectively over FY24-27E, positioning Sansera to outperform industry growth.

Click on the attachment to read the full report:

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.

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