Fundamental Analysis

SCHAEFFLER INDIA LTD.
Ticker : 505790  
BUY: ₹2145.80
Target:  ₹2440



Schaeffler India Ltd is engaged in the development, manufacturing as well as distribution of high-precision roller & ball bearings, engine systems and transmission components, chassis applications, clutch systems, and related machine-building manufacturing activities. On a standalone quarterly front, the company recorded an increase of 19.04 per cent in the net sales & operating income, which stood at Rs 1,567.51 crore for Q4FY22 as compared to Rs 1,316.82 crore reported for Q4FY21. The operating profit jumped 39.94 per cent, standing at Rs 328.52 crore in Q4FY22 as compared to the operating profit of Rs 234.75 crore recorded in Q4FY21. The company reported a net profit of Rs 207.12 crore in Q4FY22 as compared to Rs 139.54 crore recorded in Q4FY21, giving a rise of 48.43 per cent. Thecompany’s management expressed that despite the headwinds from rising inflation and the emerging geopolitical situation, the year 2022 started well for the company. Schaeffler India delivered resilient margins on the back of its sustained countermeasures and improved business mix. Hence, we recommend BUY