Target: ₹3,880CMP: ₹3,783.25Sansera Engineering delivered its highest-ever quarterly performance in Q1-FY27, with revenue growing 33 per cent YoY and EBITDA/PAT increasing 48/39 per cent YoY, supported by strong execution across both automotive and non-auto businesses. EBITDA margin expanded 196bps YoY to 19.2 per cent, aided by operating leverage, favourable product mix and higher contribution from ADS. Normalised PAT grew 59 per cent YoY, highlighting strong underlying earnings momentumEBITDA margin expanded 196bps YoY to 19.2 per cent, aided by operating leverage, favourable product mix and higher contribution from ADS. Normalised PAT grew 59 per cent YoY, highlighting strong underlying earnings momentum.The key highlight was the sharp scaling-up of ADS, with revenue more than tripling YoY to ₹145.40 crore, driven by a strong aerospace and semiconductor demand.We revise our FY27E/28E EPS estimate upwards by 9.5/9.6 per cent, factoring in strong order inflows and an improved growth outlook. We increase our PE multiple to 42x (earlier: 35x) on FY28E EPS, reflecting the rising contribution from high-growth ADS and semiconductor businesses, stronger order visibility, and an improving margin profile.Accordingly, we arrive at a target price of ₹3,880 and maintain our ‘Add’ rating on the stock.Published on August 13, 2026