Nomura maintains buy on Sansera Engineering, trims target to Rs 1,643 on near-term margin view
Nomura has maintained its Buy rating on Sansera Engineering, though it has cut the target price to ₹1,643 from ₹1,669. The brokerage remains optimistic on the company's long-term prospects, projecting a robust 36% EPS CAGR over FY25–27, driven by a strong push in non-automotive segments.
The Q4 margins were in line with expectations, according to Nomura. It expects Sansera's diversification efforts to gain momentum, particularly in ADS (Advanced Driving Systems) and aluminium forging verticals, as the company continues to reduce dependency on the auto sector.
Nomura noted that the growth trajectory is set to improve, led by expanding contributions from the non-auto business, which could provide stability and incremental profitability in the coming quarters.
Disclaimer: The views expressed are those of the brokerage firm and do not constitute investment advice by Business Upturn.
News desk at BusinessUpturn.com
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