Schaeffler India downgraded to hold amid valuation concerns
pre-market1 source ↓written by the desknot a recommendation
- annually
- 16.57%
- operating profit increased
- 16.50%
Schaeffler India has been downgraded to hold due to valuation concerns, despite showcasing strong fundamentals. The company reported a Return on Equity of 18.47% and a net debt-free status, enhancing financial stability. Net sales grew 16.57% annually, while operating profit increased 16.50%. The dividend per share reached ₹35.00, reflecting robust cash flow.
Not investment advice. For informational purposes only.