2025-01-17 11:34:24 am | Source: Motilal Oswal Financial Services Ltd
Buy Tube Investments Ltd For Target Rs. 4,136 by Motilal Oswal Financial Services Ltd
* Robust growth in the 2W business, diversification in other segments, and exports to drive QoQ growth in its engineering business.
* Metal-formed business to clock 9% YoY growth, though margin pressure would persist due to increased competition. Revenue for engineering division may grow 9% YoY.
* EBIT margin for the mobility business is likely to remain negative; engineering business/other businesses may see margin improvement of 30bp/140bp QoQ to 12.6%/5%, while metal-formed business margins are likely to contract 40bp QoQ.
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