In the latest quarter (Sep 2014), company has reported Gross Sales of Rs. 140.35 Cr., Total Income of Rs. 142.12 Cr., Public Shareholding (Number) of 57806843, No of Shares (Non Encumbered) of 62213157 and Net Profit After Tax of Rs. 12.06 Cr.
The company's management includes K Ajith Kumar Rai, Diwakar S Shetty, Ian Williamson, B S Patil, M Jayarama Shetty, Suresh Shetty, Medappa Gowda J, C Mohan, Supriya A Rai.
It is listed on the BSE with a BSE Code of 532509, NSE with an NSE Symbol of SUPRAJIT and ISIN of INE399C01030.
Registered office is at Plot No 100, Bommasandra Industrial Area, Bangalore, Karnataka, 560099. Their Registrars are Integrated Enterprises (I) Ltd. Its auditors are Varma & Varma.
Technical Analysis Suprajit Engineering
Suprajit is the market leader in control cables in the two wheeler space, with more than 75% marketshare of the top-3 Indian two wheeler players and a growing share of HMSI’s control cable requirements. We estimate >20% CAGR in 2wheeler demand over the next few years – a positive for Suprajit’s revenue growth.
New model launches by international customers will add to domestic 2-wheeler growth and help aid grow revenue by 20%+ over the next 4 years. We believe that current valuations are sustainable given 20%+ earnings growth and 27% ROE. We recommend to BUY with a target of INR 165.
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