SJS Enterprises Q1 Review - Strong Growth Guidance: IDBI Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.SJS Enterprises Ltd.'s Q1 FY23 results were in line with our estimates. The company continues to outgrow industry growth and reported 54% YoY sales growth in its automotive segment while domestic two-wheeler and passenger vehicle industry production volumes combined grew by 37% YoY. During the quarter, SJS added new orders from its existing and new clients including Continental, Marelli, Stellantis, Whirlpool and Alladio etc. providing strong sales visibility for its export business. Under the medium strategy, the SJS plans to grow its sales organically by ~25% compound annual growth rate over FY22-25E. We are retaining our sales and profit after tax estimates for FY23 and FY24. We expect SJS to report 24% sales CAGR and 36% profit after tax CAGR over FY22-24..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

SJS Enterprises Q1 Review - Strong Growth Guidance: IDBI Capital

SJS Enterprises Q1 Review - Strong Growth Guidance: IDBI Capital

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