JM Financial cuts TP for India's SJS Enterprise on rising cost pressure

SJS Enterprises

08/09/2026 08:50

** Shares of Indian SJS Enterprises SJSE.NS fall 1.8% to 2,290 rupees
** JM Financial reiterates 'add' and cuts PT to 2,675 rupees from 2,750 rupees 
** Notes higher cost of crude oil and shortage of input materials like liquefied petroleum gas and helium, due to the West Asia conflict, could reduce profit margins
** Says slower technology adoption and loss of key customers could affect revenue and profit margins
** Maintains FY2027 revenue growth estimates at 18.5% and lowers FY2028 revenue growth estimates to 18.6% from 20%
** Brokerage keeps EBITDA margins unchanged at 28.5% for both years
** Expects revenue from exports to increase by 14% to 15% by FY28 from 9.5% in FY26
** Stock up 34.75% YTD
     
     
     
     
     
     
     
     


($1 = 94.7450 Indian rupees)

 (Reporting by Anushka Rajvedi in Bengaluru)
 ((mailto: anushka.rajvedi@thomsonreuters.com))