Equity Analysis /

IN : Schaeffler India Ltd - Schaeffler India annual report analysis

Sachin Maniar

Analyst @ CGS-CIMB

Abhishek Joshi

Analyst @ CGS-CIMB

19 April 2021

Published by

CGS-CIMB

Share this report

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.

Share this report

Most ViewedSee latest

Disclosures:

This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.

This publication is not intended for distribution to, or use by, any person or entity in any jurisdiction in any country where such distribution or use would be contrary to law or regulation, or which would subject Tellimer to any registration requirement within such jurisdiction or country.

Full Tellimer disclaimers