We believe that company is in healthy growth phase which would improve the EBITDA margins further. We expect the company to report 14.1% sales CAGR over FY1 8-21E with net profit CAGR of 11%, due to higher tax rate. At CMP it is trading at a PE of 15.4x on our FY 20E earnings. We recommend HOLD on the stock with a target price of Rs 851 (19x FY 20E).
- stoploss not specified.(stoploss of 40% auto inserted) - Time period not specified (3 years time period auto inserted)Nirmal Bang's Buy Call Submitted By : Market Maniac
Disclaimer: The views and stock ideas expressed by members on stockadda.com are their own, and not that of the website or its management.The views and stock ideas are for informational purposes only and should not be construed to be recommendations to buy or sell any securities.Stockadda.com advises members to check & consult with certified experts before taking any investment decisions.
266 members logged in