Sansera Engineering Q3 Results Review - Strong Orderbook To Drive Growth Across All Verticals: Axis Securities

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.Financial Performance: Sansera Engineering Ltd.'s revenue slightly beat our estimates by approximately 3.3%, while Ebitda/profit after tax were in line with our estimates. Revenue stood at Rs 713 crore, up around 28%/3% YoY/QoQ. The improvement in topline was driven by a 32%/27% YoY increase in International/domestic revenues respectively. The reported Ebitda of Rs 121 crore was up approximately 39%/2.5% YoY/QoQ, with Ebitda Margins of 16.9%, up 138 basis points YoY (flat QoQ). This was a 53 bps miss on estimates due to higher personnel costs and raw material costs (as % of sales), partly offset by lower other expenses. The company’s PAT stood at Rs 48 crore, up around 55%/2% YoY/QoQ. This 0.9% slight miss from our estimates was on account of lower other income than in prior periods..Outlook: In light of attributes such as - Higher sales mix in Non-Auto ICE components driven by strong order books,Higher exports,The management’s focus on improving margin trends,Its capability to generate strong operating cash flows, andCapacity expansion plans.we believe the stock is currently trading at a reasonable forward price-to-earning multiple of 16 times (based on our FY26 earning per share estimates). We expect Revenue/Ebitda/PAT to grow at a 17.4%/22%/30% compound annual growth rate over FY23-26E..Valuation and Recommendation:Keeping in view the above factors, we maintain a 'Buy' rating and continue to confidently award a Forward PE multiple of 20 times on FY26 EPS to arrive at our target price of Rs 1,220. The TP implies a robust upside of 23% from the current market price..Click on the attachment to read the full report:.Vinati Organics Q3 Results Review - Recovery Still Sometime Away: Nirmal Bang.DISCLAIMERThis 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.

Sansera Engineering Q3 Results Review - Strong Orderbook To Drive Growth Across All Verticals: Axis Securities

Agriculture domestic demand to be monitored.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Sansera Engineering Q3 Results Review - Strong Orderbook To Drive Growth Across All Verticals: Axis Securities

Agriculture domestic demand to be monitored.

Choose a plan

Follow Us

DOWNLOAD THE APP