Sharekhan's research report on Gabriel India
EV remains the key growth driver for Gabriel, as its key clients are getting geared up for EV product development and new product launches. Gabriel’s dominant position in suspension components to remain intact, led by its strong relationship with OEMs and brand recall in aftermarket. Gabriel’s earnings are set to report a 32% CAGR over FY22E-FY24E, driven by a 15.5% revenue CAGR and a 160-bps expansion in EBITDA margin to 7.9% in FY24E from 6.3% in FY22.
Outlook
We maintain Buy on Gabriel India Limited’s (Gabriel’s) with an unchanged PT of Rs. 141, factoring in recovery in automotive demand, its preparedness to benefit from the adoption of EVs in India, and attractive valuations.
More Info
At 16:01 hrs Gabriel India was quoting at Rs 115.80, down Rs 1.25, or 1.07 percent.
It has touched an intraday high of Rs 121.05 and an intraday low of Rs 112.00.
It was trading with volumes of 66,145 shares, compared to its thirty day average of 19,685 shares, an increase of 236.02 percent.
In the previous trading session, the share closed up 0.82 percent or Rs 0.95 at Rs 117.05.
The share touched its 52-week high Rs 168.00 and 52-week low Rs 102.45 on 13 October, 2021 and 12 May, 2022, respectively.
Currently, it is trading 31.07 percent below its 52-week high and 13.03 percent above its 52-week low.
Market capitalisation stands at Rs 1,663.40 crore.
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