SPR Auto Technologies: Its Subsidiary's Margins Jump From 8% to Double Digits; What's Driving the Margin Growth?
India, Sept. 28 -- The shares of this small cap company majorly engaged in manufacturing of pistons, piston pins, piston rings, engine valves and many more were in focus after the company's Antolin margins jumped to double digits.
With the market capitalization of Rs. 21,572 Crores, the shares of SPR Auto Technologies Ltd were trading at around Rs. 4,650 per share which is 3 percent discount from its 52 week high of Rs. 4809 per share and is trading at a P/E of 37.0 whereas industry P/E stands at 30.0
Antolin Margins Improve Sharply
SPR Auto Technologies has significantly improved the profitability of its Antolin interiors business. Management said the business, which was earlier operating at around 7-8% margins, has now crossed the ...
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