Sharekhan has given Buy recommendation for Gabriel India with a target price of Rs. 173 in its research report issued on Feb 08, 2022

Sharekhan’s research report on Gabriel India

Gabriel India Limited’s (Gabriel) Q3FY2022 results were broadly in-line with our estimates, with revenue, EBITDA, and PAT growing at 13% y-o-y, 7.2% y-o-y, and 4.5% y-o-y, respectively. EV remains the key growth driver for Gabriel, as its key clients are getting geared up for EV product development and new product launches. Gabriel’s earnings are set to report a 52.9% CAGR over FY2021E-FY2023E, driven by a 17.3% CAGR during FY2021E-FY2023E and a 250-bps rise in EBITDA margin.

Outlook

We maintain Buy with an unchanged PT of Rs. 173, factoring in a recovery in automotive demand, its preparedness to benefit from adoption of e-2Ws in India, and comfortable valuation multiples.

More Info on Gabriel India

At 17:30 Gabriel India was quoting at Rs 122.05, down Rs 0.75, or 0.61 percent.

It has touched an intraday high of Rs 123.55 and an intraday low of Rs 121.80.

It was trading with volumes of 16,308 shares, compared to its thirty day average of shares, a decrease of percent.

In the previous trading session, the share closed down 0.28 percent or Rs 0.35 at Rs 122.80.

The share touched its 52-week high Rs 168.00 and 52-week low Rs 99.90 on 13 October, 2021 and 19 April, 2021, respectively.

Currently, it is trading 27.38 percent below its 52-week high and 22.12 percent above its 52-week low.

Market capitalisation stands at Rs 1,753.17 crore.

 

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