Axis Securities’ analysis indicates that Sansera Engineering’s EBITDA and revenue exceeded forecasts. PAT, however, was lower than anticipated. The company serves 95 auto and non-auto customers in 26 countries with a broad portfolio of goods spanning more than 80 product families.
Axis Securities advises purchasing this stock with a 20% return goal in mind.
Following the release of Sansera Engineering’s impressive fourth-quarter financial results for the fiscal year 2024, brokerage Axis Securities advises purchasing shares of the company.
The brokerage reports that the company’s EBITDA margin in Q4FY24 was strong. Diversified company and capital expenditures will bolster growth. Within the last year, the stock has increased by almost 40%.
An analysis of Sansera Engineering by Axis Securities
Axis Securities’ analysis indicates that Sansera Engineering’s EBITDA and revenue exceeded forecasts. PAT, however, was lower than anticipated. The company serves 95 auto and non-auto customers in 26 countries with a broad portfolio of goods spanning more than 80 product families.
According to the brokerage, the business is getting closer to its 60:20:20 revenue contribution forecast for auto-ICE, auto tech agnostic, and xEV, non-auto.
The company’s peak yearly revenue from new orders as of March 24 was Rs 1,592 crore, with the non-auto ICE segment accounting for over 51% of this total.
Sansera Engineering’s target share price
The stock remains rated as a “buy,” and Axis Securities has raised the target price to Rs 1,270 per share by Rs 50. every one. The company’s shares closed at Rs 1058.95 on May 18, 2024, up 1.5% from the previous close on May 17. The stock might increase in value by up to 20% in this fashion.
History of Sansera Engineering share prices
In the last six months, the Sansera Engineering stock has returned more than 22%. In contrast, the stock has increased by roughly 6% in the past week and 36% over the past year.
Account opning link:
- Groww Account- https://app.groww.in/v3cO/kyrp1zph
- Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906
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