Also Read: Suprajit appoints N S Mohan as president
Speaking to CNBC-TV18, Rai informs the company has grown 10 percent more than the automotive industry, which grew at 3 percent during the first eight months of the fiscal. He continues to expect good growth in Q4 given the trend in exports, in after market sales and the non-automotive segment.
Below is the verbatim transcript of Ajith Rai's interview on CNBC-TV18
Q: In your recent conversation with analysts, the indication is that in the month of October and November so far the sales have been very strong, exports are at record high and so, the company is on track to show you very strong growth in the second half, what kind of revenue as well as EBITDA growth can we see in Q3 as well as Q4?
A: Q3 has been one of the robust quarters for us. We are expecting to clock the highest ever sales and profitability for the entire history of our company. We have done exceedingly well largely because we are strongly in the presence of exports both automotive and non-automotive.
We have been having strong sales in the after market, we have had a strong sales in the OEM segment, not only for the OEM segment but also for the OEM after market requirement. So overall, we have grown much faster than the industry growth; automotive industry has grown about 3 percent during the first eight months whereas we have grown at about 10 percent more than the industry growth. So, we are expecting that even for Q4 based on the current strong trend in the exports, in the after market sales and our own non-automotive growth, which is a new sector that you have entered, we continue to expect a strong Q4.
Q: What about your inorganic plans, anything that you have finalised in terms of acquisition? By when can you have a particular target and by when will you be able to complete any kind of acquisition?
A: We have been talking about the acquisition for a while. We have looked at various opportunities. We recently had a very senior person joining our team Suprajit, N S Mohan, who had nearly 25 years of automotive exposure, he joins for our international business and acquisition strategies. He has just joined us and we are assessing opportunities but till the deal is done, I cannot talk anything about it.
Q: Will it happen in FY14?
A: We all hope so.
Suprajit Eng stock price
On December 11, 2013, Suprajit Engineering closed at Rs 43.55, up Rs 4.05, or 10.25 percent. The 52-week high of the share was Rs 46.30 and the 52-week low was Rs 27.75.
The company's trailing 12-month (TTM) EPS was at Rs 3.61 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 12.06. The latest book value of the company is Rs 13.74 per share. At current value, the price-to-book value of the company is 3.17.
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