Buy Suprajit Engineering, target price Rs 460: JM Financial

JM Financial has buy call on Suprajit Engineering with a target price of Rs 460. The current market price of Suprajit Engineering is Rs 439.45.

Suprajit Engineering Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 6062.51 Crore) operating in Auto Ancillaries sector.

Suprajit Engineering Ltd. key Products/Revenue Segments include Auto Lamps, Other Operating Revenue, Sale of services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 802.48 Crore, up 9.46 % from last quarter Total Income of Rs 733.13 Crore and up 13.89 % from last year same quarter Total Income of Rs 704.60 Crore. Company reported net profit after tax of Rs 59.15 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 44.61 per cent stake in the company as of 31-Mar-2024, while FIIs owned 4.79 per cent, DIIs 17.5 per cent.