Goldman Sachs raises target on a stock that has already surged over 140% this year. Do you own it?

Shares of Sansera Engineering rallied over 5% to their day's high of Rs 4,520 on the BSE on Tuesday after Goldman Sachs hiked the share price target to Rs 4,990 from Rs 4,500 per share, while maintaining its Buy rating on the stock.

With the fresh target price of Rs 4,990, the international brokerage forecasts an upside potential of 16.1% from current market levels. Sansera Engineering shares have had an unforgettable 2026, up 110% in the last six months and more than 140% since the beginning of the year.

The brokerage said investment plans announced by Applied Materials and Lam Research in India should support the development of local supplier ecosystems and R&D. These investments are seen as a longer-term growth driver for Sansera’s ADS component supply.


The view follows Sansera’s large semiconductor order win announced in August. Goldman Sachs also raised its FY29E EPS estimates slightly to reflect the incremental upside potential.

Sansera Engineering Q1 results

The company reported a net profit of Rs 87 crore, marking an impressive 39% increase from Rs 63 crore in the first quarter of the previous fiscal year. The company’s revenue from operations came in at Rs 1,021.30 crore, up 33% from Rs 766 crore posted in the corresponding quarter of the previous finance year.

Sansera Engineering reported its highest-ever quarterly revenue, while EBITDA and PAT margins remained stable. The India business delivered healthy 17.4% YoY growth in Q1FY27, while the international business significantly outperformed with 71.4% YoY growth.

Exports to other foreign markets more than tripled YoY, driven primarily by strong execution in the semiconductor business. Exports to the US nearly doubled from the same period last year, supported by robust growth in the aerospace and passenger vehicle businesses.

Sansera Engineering FY27 outlook

Sansera’s order book across businesses, excluding ADS orders, stood at Rs 1,849 crore as of June 2026, representing peak annual revenue potential for the new business. The company’s total unexecuted order backlog for its ADS business stood at Rs 4,437 crore at the end of Q1FY27.

The management said Sansera remains focused on building capacity ahead of strong demand, both for existing components and new qualifications. It added that the company’s existing qualifications across critical components and strong relationships with OEMs provide a foundation to capitalize on the opportunity ahead.

Looking ahead, Sansera expects to end FY27 with high-teens topline growth while continuing to focus on improving its margin profile. The company said its long-standing engineering expertise, execution capabilities, healthy order book and diversified business portfolio position it to build on the current momentum over the long term.

Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.