Tag: auto ancilliary
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Varroc Engineering IPO – An Auto-matic BUY
25th June 2018 Mid Cap of Rs. 13,000 cr. Industry – Auto Ancillary; IPO Opens 26-28th June at Rs. 965-967 Valuations: P/E 28.9 times TTM Advice: SUBSCRIBE Summary of Report Overview: Varroc Engineering is a global tier-1 auto component firm. They design, make and supply exterior lighting systems, plastic and polymer, electricals-electronics and precision metallic…
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Endurance Technologies (IPO) – the Firm has Stamina
Date: 04th Oct 2016 IPO Period: 5th-7th October, IPO Price range: Rs. 467-472 Sector: Auto Components MidCap: Rs 6,639 cr. Mkt cap Advice: Investors may BUY with a 1 year perspective. Summary Overview: ETech is the largest 2 and 3-wheeler auto component manufacturer in India, with 25 plants across India, Italy and Germany. ETech had…
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Motherson Sumi Systems – Global Auto Ancillary Growth
________________________________________________________________________ Report Date: 25 Feb’14 Market Price: 220 Large Cap – Mkt Cap 19,460 crores Advice: Buy with a Mar’16 target of 451, a 104% appreciation Motherson Sumi Systems is an Indian auto ancillary firm that is growing rapidly through global acquisitions. It cut its teeth as a Maruti Suzuki vendor, then expanded capabilities, product lines…
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SMFL IPO: Complex Auto Conglomerate, Retail can Avoid
Date: May 3, 2012 Offering: IPO is of Price Range Rs 113-118, available from May 2-4 Description: SMFL is a mid sized Auto ancilliary firm with a complex Private Equity style business model Opinion: Retail investors need to avoid the IPO SMFL – Description and Profile Samvardhana Motherson Finance is into Auto components design/ manufacture.…
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Bharat Forge – the Forging Giant Returns
CMP: 291 Date: 12-08- 2011 Advice: Invest in SIP fashion Till 2006 Bharat Forge (BF) was primarily an auto components firm. A number of mergers and acquisitions in the 2004-07 periods saw BF also enter in several new geographies. Manufacturing is in 11 locations and 5 countries: India (4), Germany (3), China (2), Sweden…
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Bharat Forge – CMP: 361 – Invest with an 18 month target of 700
Introduction Bharat Forge is a Pune based manufacturer of forged and machined – engine & chassis components. It is the largest exporter of automotive forgings and chassis components from India. It is the second largest in the world, after ThyssenKrupp of Germany. Manufacturing facilities are spread across 11 locations and 5 countries – four in India,…
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