Analyst kya bol rahe hain?
Dekho, Prabhudas Lilladher ne Maruti Suzuki par apna 'HOLD' call maintain kiya hai, lekin price target thoda kam karke ₹16,700 se ₹15,750 kar diya hai. Company ka revenue toh acha tha, par profit expectations se kam raha.
Margin par pressure kyun hai?
Asal mein, mehngai (commodity prices) aur dollar ka rate fluctuate hone ki wajah se company ke profit margins par dabav bana hua hai. Company apna future EV (Electric Vehicle) business mein bhi invest kar rahi hai, jismein abhi kaafi kharcha ho raha hai. Aur haan, India mein steel par jo duties hain, woh bhi costs badha sakti hain.
Future mein growth ke chances?
Is sab ke bawajood, Maruti Suzuki ki domestic sales solid hai, especially small cars mein. GST 2.0 ke baad toh demand aur badhi hai. Company naye models bhi launch karne wali hai aur apni production capacity bhi badha rahi hai. Long term mein EV mein bhi achi growth ka expectation hai.
Analysts expect karte hain ki sales volumes mein 8.0% aur revenue mein 17.7% ka CAGR rahega FY25 se FY28 tak. Par, future mein kharcha badhne ki wajah se EPS par thoda impact pad sakta hai.
Valuation aur Market Mein Kya Chal Raha Hai?
Prabhudas Lilladher ka kehna hai ki abhi ke liye 'HOLD' karna sahi hai. Unka naya price target ₹15,750 hai, jo ki future earnings ka 25 guna hai. Company ka market cap abhi lagbhag ₹4.46 lakh crore hai aur TTM P/E ratio 30.5x ke aas paas hai.
Recent reports ke mutabik, Income Tax department ne FY 2021-22 ke liye ₹11,825 million ka tax demand nikala hai, jise company contest karne wali hai. Saath hi, company 2030 tak 15% sales EV se karne ka target rakhti hai aur iske liye badi investment kar rahi hai.