Cyient shows promising growth with a focus on client relationships, acquisitions, and strategic positioning in niche markets. The company s diverse business units and strong order book indicate a positive revenue trajectory ahead.
Munjal Auto Industries, a leading auto component manufacturing company in India, continues to benefit from its extensive track record of operations. Munjal Auto has an installed annual manufacturing capacity for various automotive assemblies. The company is the sole supplier of mufflers to Hero MotoCorp and acquired a stake in Indutch Composites Technology. Ramp up in ICTPL’s performance would further stabilize Munjal Auto s consolidated operations.
“They are now well placed to sustainably deliver 1% RoA, which looked aspirational earlier. Select PSBs like SBI guided for 1.2% RoA in FY25, implying scope for earnings upgrade, Poddar said.
It has already achieved a retail book of 88% in Q2 FY24 versus the target of 80% by FY26. The NBFC major has been able to bring down its wholesale portfolio by 77% within six quarters from Rs 39,795 crore in Q1 FY23 to Rs 9,255 crore in Q2 FY24.
Nuvama Professional Clients Group is bullish on the company and believes that it’s a stock one should have in their portfolio, as it’s a strong play on the capex upcycle in refining and petrochemicals, renewables, fertilisers, and green hydrogen.