Equity Analysis /
India

IN : Schaeffler India Ltd - Schaeffler India annual report analysis

    Sachin Maniar
    Abhishek Joshi
    CGS-CIMB
    19 April 2021
    Published by

    New product launches/ platforms led to better-than-industry sales growth revival in 2HCY20, which could likely continue in CY21F, in our view. Localisation improves further on the back of large investments over CY18-20, which, along with cost measures, supported margins. Reiterate Add with TP of Rs5,700.