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.
Axis Securities Report
We initiate coverage on Sansera Engineering Ltd. with a 'Buy' recommendation and price target of Rs 1,210/share, implying an upside of 26% from the CMP.
We expect the company to generate strong operating cash flows driven by -
Strong product pipeline,
Higher sales mix in Non-Auto ICE components,
Higher exports,
Managment's unwavering focus on improving margin trends, and
Execution capabilities.
We believe these traits will be value-accretive for the company's bottom line. Moreover, we believe Sansera will continue to source its capex funding of Rs 200-250 crore annually from its robust internal operating cash flows over FY24-26E.
Keeping these factors in view, we recommend a 'Buy', rating on the stock and base our rationale on the following premise.
Key risks
Sale of products to certain key customers,
Pricing pressure from original equipment manufacturers,
A substantial portion of revenue from key product families,
Recruit and retain qualified and skilled personnel,
Any downturn in the Automobile Industry in India.
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.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.
