External broker reports(aggregated public sources), Sharekhan

Sharekhan

External broker reports(aggregated public sources)

Sharekhan is India's leading broking house providing services from easy online trading, research to wide array of financial products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Sharekhan's research report Gabriel India Sunroof project is on track and the company continues on its diversification strategy.</li><li>Gabriel is sustaining a high-margin trajectory and aspiring for a double-digit margin in coming years.</li><li>Stock trades at a P/E multiple of 17.3x and EV/EBITDA multiple of 10.8x its FY2026 estimates.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Sharekhan's research report Gabriel India Sunroof project is on track and the company continues on its diversification strategy.Gabriel is sustaining a high-margin trajectory and aspiring for a double-digit margin in coming years.Stock trades at a P/E multiple of 17.3x and EV/EBITDA multiple of 10.8x its FY2026 estimates.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Gabriel India (Gabriel) Q2FY22 results came in line with our estimates with outperformance at the Top Line level.</li><li>Q2FY22 revenue grew 28% YoY on account of 26%/41%/42% growth in 2/3Ws/PVs/CVs respectively.</li><li>We upgrade our rating from HOLD to BUY and revise our Target Price upwards to Rs 160 (Rs 126 earlier) valuing the stock at 16x FY23E P/E, implying an upside of 10% from CMP.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Gabriel India (Gabriel) Q2FY22 results came in line with our estimates with outperformance at the Top Line level.Q2FY22 revenue grew 28% YoY on account of 26%/41%/42% growth in 2/3Ws/PVs/CVs respectively.We upgrade our rating from HOLD to BUY and revise our Target Price upwards to Rs 160 (Rs 126 earlier) valuing the stock at 16x FY23E P/E, implying an upside of 10% from CMP.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Gabriel India: Stellar Exports Performance; Long Term Growth Drivers In Place

<p>We remain cautiously optimistic about the performance of the company. We value the stock at 16x FY23E, with a target of Rs 126, a downside of 7% from CMP.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

We remain cautiously optimistic about the performance of the company. We value the stock at 16x FY23E, with a target of Rs 126, a downside of 7% from CMP.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Gabriel India: Stellar Exports Performance; Near-Term Headwinds Persist

External broker reports(aggregated public sources), Geojit BNP Paribas

Geojit

<p>Despite material cost increase of 310bps YoY, margin improved by 48bps to 8.5% , led by cost control initiatives. During the quarter, 2W segment constitutes 67% of the revenue mix was supported by strong order back log and robust new order coming from the entry segment motorcycle. New orders from Dutch truck and VW Russia will further enhance global footprints. GIL has focused to leverage its client relationship and increase the export share to double digit from current 4% by FY23....</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Despite material cost increase of 310bps YoY, margin improved by 48bps to 8.5% , led by cost control initiatives. During the quarter, 2W segment constitutes 67% of the revenue mix was supported by strong order back log and robust new order coming from the entry segment motorcycle. New orders from Dutch truck and VW Russia will further enhance global footprints. GIL has focused to leverage its client relationship and increase the export share to double digit from current 4% by FY23....Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<p>We revise our target to Rs 130 and our stance from Buy to Hold maintaining the valuation at 16x FY23E, an upside of 5%.</p>
<div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

We revise our target to Rs 130 and our stance from Buy to Hold maintaining the valuation at 16x FY23E, an upside of 5%.
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India

Gabriel India Limited manufactures shock absorbers, McPherson struts, bimetal strips, bimetal bearings and front forks. The Company's products are sold to manufacturers of two wheeler scooters, motorcycles, cars, light commercial vehicles and trucks. Gabriel India sells its products in India and abroad.

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Gabriel India (GABR IN)

Buy Gabriel India; Target of Rs 433

Sharekhan's research report Gabriel India Sunroof project is on track and the company continues on its diversification strategy.

Sharekhan

Gabriel India: Stellar Exports Performance; Long Term Growth Drivers In Place

We upgrade our rating from HOLD to BUY and revise our Target Price upwards to Rs 160 (Rs 126 earlier) valuing the stock at 16x FY23E P/E, implying...

Axis Direct

Gabriel India: Stellar Exports Performance; Near-Term Headwinds Persist

We remain cautiously optimistic about the performance of the company. We value the stock at 16x FY23E, with a target of Rs 126, a downside of 7%...

Axis Direct

Gabriel India: Accumulate for Long Term

Despite material cost increase of 310bps YoY, margin improved by 48bps to 8.5% , led by cost control initiatives. During the quarter, 2W segment...

Geojit

Result Update:Gabriel India

We revise our target to Rs 130 and our stance from Buy to Hold maintaining the valuation at 16x FY23E, an upside of 5%.

Axis Direct

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