$SCHAEFFLER

Fundamental: Revenue +18.91% YoY | PAT +25.61% YoY | 5Y PAT CAGR 15.75% | P/E 53.4x vs sector 46.4x (in-line with own 10Y avg of 53.5x) | Upside 11% | Operating Margin 19.86% (+52 bps) | ROCE 25.63% | Interest Coverage 200x | Rank #3/15 peers | Rating 8.14 Technical: Recovering after consolidation — reclaiming ₹4,200 zone, improving buying interest | Above short-term 5/9/13 EMAs turned higher, near-term momentum strengthening | RSI 56 — healthy, room to run | MACD bullish crossover — recovery supported | Sustained move above ₹4,150 triggers fresh buying Moat: Indian subsidiary of the global Schaeffler Group — a precision bearings and rolling element components manufacturer with deep OEM relationships across automotive, industrial, and railway sectors; 74% promoter backing, debt-free balance sheet, and consistent 15%+ compounding reflect a high-quality MNC franchise with proven execution. View: Robust trackrecord, robust outlook, debt-free, and consistent 15–25% earnings growth — trading at fair value relative to its own 10-year P/E history with the 52W Index at 66 indicating meaningful upside room; the MACD crossover and strengthening short-term EMAs signal the recovery is in early but genuine stages.