India's Suprajit Engineering gains after Emkay Global upgrades to 'buy'

Suprajit Engineering

14/07/2025 07:33

** Shares of auto component maker Suprajit Engineering SUPE.NS rise 2.4% to 458 rupees

** Emkay Global Financial Services upgrades stock to "buy" rating; has TP of 550 rupees - implying 22% upside from last close

** Brokerage says SUPE's India business alone justifies its current market cap, with underappreciated global operations

** Adds, domestic business is diversifying beyond cables into braking systems and electronics, with new tech tie-ups such as Blubrake for anti-lock braking system

** Emkay forecasts 9%/21%/48% revenue/EBITDA/EPS over FY25–28E, with return on equity improving to 19% and net debt nearing zero

** Stahlschmidt Cable Systems (SCS) acquisition expected to break even by Q4FY26; global margins seen rising to 10.9% by FY28 - Emkay

** SUPE rated "buy" by 7 analysts on average; median target price 466 rupees – data compiled by LSEG

** Stock trims YTD losses to 0.1%

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))