External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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Equity Bottom-Up

ZF Commercial Vehicle Control Systems India Limited / Equity Bottom-Up

ZF Commercial Vehicle Control Systems India Limited

<ul><li>Wabco India (WIL), now part of the ZF Group, is the market leader in the CV braking space and a technology-focused complete solutions provider</li><li>FY21 channel mix – OEM 41%, aftermarket 16%, exports 43%</li><li>Target Price and Valuation: Introducing FY24E numbers, we now value the company at Rs 9,530 i.e. 50x P/E on FY24E EPS (earlier target price Rs 8,800</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>

Wabco India (WIL), now part of the ZF Group, is the market leader in the CV braking space and a technology-focused complete solutions providerFY21 channel mix – OEM 41%, aftermarket 16%, exports 43%Target Price and Valuation: Introducing FY24E numbers, we now value the company at Rs 9,530 i.e. 50x P/E on FY24E EPS (earlier target price Rs 8,800Content 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.

Wabco India: Domestic Capex Cycle Beneficiary, CV Recovery Play

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

Geojit

<p>Q1FY22 revenue de-grew by -31% QoQ due to significant decline in the commercial vehicle volume, down by 92% YoY. This was largely due to production lockdown and lower demand globally. EBITDA margin came at 8.6% due to higher input cost and other expenses. Net profit tanked by 55% QoQ. Wabco ZF technological advantage in the CV segment will provide significant growth in product intelligence and will result in higher value enhancing offer for the domestic and global customers....</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>

Q1FY22 revenue de-grew by -31% QoQ due to significant decline in the commercial vehicle volume, down by 92% YoY. This was largely due to production lockdown and lower demand globally. EBITDA margin came at 8.6% due to higher input cost and other expenses. Net profit tanked by 55% QoQ. Wabco ZF technological advantage in the CV segment will provide significant growth in product intelligence and will result in higher value enhancing offer for the domestic and global customers....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.

Wabco India Limited: Long Term Growth Remains Intact

India

ZF Commercial Vehicle Control Systems India Limited manufactures automotive parts.  The Company produces electronic braking, stability, and suspension and transmission control systems for heavy-duty commercial trucks, trailers and buses.

ZF Commercial Vehicle Control Systems India Limited (WIL IN)

ZF Commercial Vehicle Control Systems India Limited (WIL IN)

Wabco India: Domestic Capex Cycle Beneficiary, CV Recovery Play

Recent announcements in Union Budget 2022-23 i.e. robust allocation of Rs 7.5 lakh crore (up 35% YoY) as capital expenditure for FY23E & extension...

ICICI Securities Limited

Wabco India Limited: Long Term Growth Remains Intact

Q1FY22 revenue de-grew by -31% QoQ due to significant decline in the commercial vehicle volume, down by 92% YoY. This was largely due to production...

Geojit