04-Nov-2026 08:31:41
DHOOTTRANSExpansion
JEFFERIES ON DHOOT TRANSMISSION ; BUY | TARGET RAISED TO ₹1,750 FROM ₹1,730
• Strong two-wheeler demand and rising EV adoption expected to drive 29% EPS CAGR over FY26–29. • Expanding into battery packs, sensors and controllers to support future growth. • Raises FY27 capex guidance to ₹750 Cr. • Copper cost pass-through and improving Multilink profitability expected to support margin recovery. • Normalisation of ESOP costs likely to further improve operating margins.
DHOOT TRANSMISSION LTD