ThinkStock PhotosRelated
has add call on with a target price of Rs 7860. The current market price of WABCO India Ltd. is Rs 7530.
Time period given by analyst is one year when WABCO India price can reach defined target. WABCO India Ltd., incorporated in the year 2004, is a Mid Cap company (having a market cap of Rs 14064.46 Crore) operating in Auto Ancillaries sector.
Financials
For the quarter ended 30-06-2021, the company reported a Standalone Total Income of Rs 503.81 Crore, down -29.92 % from last quarter Total Income of Rs 718.91 Crore and up 180.88 % from last year same quarter Total Income of Rs 179.37 Crore. Company reported net profit after tax of Rs 21.38 Crore in latest quarter.
Investment Rationale
The brokerage likes Wabco’s business model (dominant market share, improving content/vehicle, multi-year potential M&HCV upcycle, low leverage, strong RoCEs). New capex plans indicate confidence of parent (ZF) in capabilities of Wabco India. It raises earnings for FY22E / FY23E by 2.1% / 3% on the back of better export growth potential. Though the brokerage likes the business, we would seek lower valuations to turn further constructive. It maintains target multiple at 40x FY23E EPS of Rs196.
Promoter/FII Holdings
Promoters held 77 per cent stake in the company as of June 30, 2021, while FIIs held 0.6 per cent, DIIs 13.1 per cent and public and others 8.3 per cent.
Time period given by analyst is one year when WABCO India price can reach defined target. WABCO India Ltd., incorporated in the year 2004, is a Mid Cap company (having a market cap of Rs 14064.46 Crore) operating in Auto Ancillaries sector.
Financials
For the quarter ended 30-06-2021, the company reported a Standalone Total Income of Rs 503.81 Crore, down -29.92 % from last quarter Total Income of Rs 718.91 Crore and up 180.88 % from last year same quarter Total Income of Rs 179.37 Crore. Company reported net profit after tax of Rs 21.38 Crore in latest quarter.
Did you Know?
Stock score of Wabco India Ltd moved down by 3 in 3 months on a 10-point scale.
View Latest Stock Report »Investment Rationale
The brokerage likes Wabco’s business model (dominant market share, improving content/vehicle, multi-year potential M&HCV upcycle, low leverage, strong RoCEs). New capex plans indicate confidence of parent (ZF) in capabilities of Wabco India. It raises earnings for FY22E / FY23E by 2.1% / 3% on the back of better export growth potential. Though the brokerage likes the business, we would seek lower valuations to turn further constructive. It maintains target multiple at 40x FY23E EPS of Rs196.
Promoter/FII Holdings
Promoters held 77 per cent stake in the company as of June 30, 2021, while FIIs held 0.6 per cent, DIIs 13.1 per cent and public and others 8.3 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.