BUY RELAXO FOOTWEARS LTD. CMP Target Price FEBRUARY 21 st, 2015 SYNOPSIS. Result Update (PARENT BASIS): Q3 FY15 ISIN: INE131B01039

Size: px
Start display at page:

Download "BUY RELAXO FOOTWEARS LTD. CMP Target Price FEBRUARY 21 st, 2015 SYNOPSIS. Result Update (PARENT BASIS): Q3 FY15 ISIN: INE131B01039"

Transcription

1 BUY CMP Target Price RELAXO FOOTWEARS LTD Result Update (PARENT BASIS): Q3 FY15 FEBRUARY 21 st, 2015 ISIN: INE131B01039 Index Details Stock Data Sector Footwear BSE Code Face Value wk. High / Low (Rs.) / Volume (2wk. Avg. Q.) 1705 Market Cap (Rs. in mn.) Annual Estimated Results (A*: Actual / E*: Estimated) YEARS FY14A FY15E FY16E Net Sales EBITDA Net Profit EPS P/E Shareholding Pattern (%) 1 Year Comparative Graph RELAXO FOOTWEARS LTD. BSE SENSEX SYNOPSIS Relaxo Footwears Ltd incorporated in 1984 and is the 2 nd largest footwear company in India measured in terms of values & its brands. In Dec quarter of FY 2015, Net profit grew by 88.18% y-o-y of Rs million against Rs million in Dec quarter of the previous year. The company has achieved a turnover of Rs million for the 3 rd quarter of the financial year 2015 as against Rs million in the corresponding quarter of the previous year. In Q3 FY15, the company has reported an Operating profit of Rs million and rose by 46.27% y-o-y against Rs million in Q3 FY14. Profit before tax (PBT) at Rs million in Q3 FY15 compared to Rs million in Q3 FY14, registered a growth of 88.32%. During the quarter, the company has added of 2 retail stores in the states of Haryana and Punjab and total stores stood at 199 in India. For the nine months ended of FY15, the company registered a growth of 23.89% in Net sales to Rs million from Rs million for the nine months ended of FY14. Net profit grew by 37.80% to Rs million for the end of 9M FY15 from Rs million for the end of 9M FY14. During the quarter the Credit rating of long term facility has been upgraded to A+ and for short tern fund rated A1 by leading rating agency ICRA. Net Sales and PAT of the company are expected to grow at a CAGR of 19% and 36% over 2013 to 2016E respectively. PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) Relaxo Footwears Ltd Bata India Ltd SuperhouseLtd Liberty Shoes Ltd

2 Recommendation & Analysis - BUY Relaxo Footwears Ltd has delivered another quarter of profitable growth with revenue increasing by 27.67% and PAT by 88.18%, compared to same period last year. The increase in sales was primarily driven by volume growth across major brands and improved price realization. For the 3 rd quarter ended of FY15, the company s net sales Jumps to Rs million from Rs million in Q3 FY14. In the same Dec quarter, Net profit of the company grew by 88.18% y-o-y and stood at Rs million against Rs million in the corresponding quarter of the previous year. Net Profit increased due to Interest cost decreased significantly by 26.51% by which in term loans and lower debt requirements owing to better working capital management and internal cash accruals. In Q3 FY15, the company has reported an Operating profit of Rs million and rose by 46.27% y-o-y against Rs million in Q3 FY14. Profit before tax (PBT) at Rs million in Q3 FY15 compared to Rs million in Q3 FY14, registered a growth of 88.32%. During the quarter, the company has added of 2 retail stores in the states of Haryana and Punjab and has been growing its presence in South and West regions in India. Relaxo continue to benefit from its online sales and will strive to enhance its focus on this segment. For the nine months ended of FY15, the company registered a growth of 23.89% in Net sales to Rs million from Rs million for the nine months ended of FY14. Net profit grew by 37.80% to Rs million for the end of 9M FY15 from Rs million for the end of 9M FY14. Relaxo Footwear is aggressively working on rationalization of non performing retail shoppe s and has started giving positive results of margin or inventory level. The company produces Over 4, 54,000 pairs of footwear at its state-of-the-art manufacturing unit s daily and products are sold across Asia, Africa and the Middle East. Remarkable 3 rd quarter for Relaxo Footwears with revenue increasing by 27.6% and PAT by 88.2%, led by significant volume growth. The growth momentum for Relaxo continues to be supported by its strategic initiatives, enhanced capabilities and increasing traction for company s brands. The company continues to expand distribution network and our portfolio, thereby resulting in a healthy mix of product premiumization and volume growth across all its brands. Net Debt reduced significantly from Rs million as on Sept 2014 to Rs million as on Dec Over E, we expect the company to post a CAGR of 19% and 36% in its top-line and bottom-line respectively. Hence, we recommend BUY for RELAXO FOOTWEARS LTD with a target price of Rs on the stock.

3 QUARTERLY HIGHLIGHTS (PARENT BASIS) Results updates- Q3 FY15, Relaxo Footwears Ltd. is standing firm to serve the footwear needs of 1.2 billion people of our country with 8 manufacturing plants, a portfolio of 10 brands, 168 Excusive Outlets and an extended family of over retailers and distributors. The company has reported its financial results for the quarter ended 31 st Dec, Rs. In million Dec-14 Dec-13 % CHANGE Net Sales PAT EPS (62.36) EBITDA The company has achieved a turnover of Rs million for the 3 rd quarter of the current year as against Rs million in the corresponding quarter of the previous year. For Q3 FY15, EBITDA of Rs million an increased by 46.27% y-o-y against Rs million in 3 rd quarter of previous financial year. The company s net profit of Rs million against Rs million in the corresponding quarter of the previous year. EPS of Rs for the 3 rd quarter of FY15 as against an EPS of Rs in the corresponding quarter of the previous year. Earning per share has decline due to stock split from face value of Rs. 5/ each to Rs. 1/- each (with effect from 22 nd November, 2013). Break up of Expenditure During the quarter, Total expenditure rose up by 25 per cent, mainly increased on account of cost of material consumned by 49%, Depreciation & Amortization Expenses by 20%, Purchase of stock in trade up by 88%, Employee benefit expensses 20% along with other expenses was increased by 34% are the main attribute for the growth of expenditure when compared to corresponding quarter of previous year. Total expenditure in Q3 FY15 stood to Rs million as against Rs million in Q3 FY14. Break up of Expenditure (Rs. in Millions) Q3 FY15 Q3 FY14 Cost of Raw Material Consumed Employee Benefit Expenses Depreciation & Amortization Expenses Other Expenses Purchase of stock-in-trade

4 COMPANY PROFILE Headquartered in New Delhi, India, Relaxo Footwear began as a small enterprise in the year 1976 and was officially incorporated in 1984 and further went into public listing in According to the 2008 Business Survey, it has now emerged as the second largest footwear producer in India. Relaxo Footwear commenced its journey with the manufacture of Hawaii slippers. It has now grown into a large-scale entrepreneurship catering to the basic needs of the quintessential Indian citizen. Today Company is standing firm to serve the footwear needs of 1.2 billion people of our country with 8 manufacturing plants, a portfolio of 10 brands, a family of employees and an extended family of over retailers and distributors. Products Product Brands Hawaii Hawaii is the most popular brand in the Relaxo portfolio. It comes in diverse shades and styles and its comfort value makes it a favourite among all age groups. With an output of pairs a day, Relaxo is one of the largest manufacturers of Hawaii in India. Flite Flite is Relaxo's most exclusive brand. Its unique fashionable and light quality is ensured by its manufacturing process, involving cutting-edge EVA technology. Available in an array of colours and designs, it is among the popular products in the casual footwear industry. Sparx Sparx is a range of sports shoes and sandals that embodies the spirit of today's youth. Available in aweinspiring colours and designs, it reflects verve and dynamism as an iconic youth brand and is symbolic of a wholehearted zest for life. Schoolmate Schoolmate is a range of school shoes for boys and girls and is an expression of Relaxo's faith and commitment towards the young leaders of tomorrow. Made with special care to pamper thousands of tiny feet, each pair bears the mark of superb workmanship and adaptable design. Elena

5 Casualz Mary Jane Boston Manufacturing Facilities Relaxo has steadily established its production facilities across the length and breadth of Northern India. Each state-of-the-art unit is equipped with futuristic infrastructure powered by cutting-edge technology and progressive machinery. The company s Production capacity is around 160 million pairs of footwear per annum. Relaxo has 8 state of the art manufacturing facilities, six in Bahadurgarh (Haryana) andone each in Bhiwadi (Rajasthan) and Haridwar (Uttaranchal).

6 FINANCIAL HIGHLIGHT (PARENT BASIS) (A*- Actual, E* -Estimations & Rs. In Millions) Balance Sheet as at March31, E RELAXO FOOTWEARS LTD. FY13A FY14A FY15E FY16E I. EQUITY AND LIABILITIES A) Shareholders Funds: a) Share Capital b) Reserves and Surplus Sub- Total Net worth (a) B) Non Current Liabilities: a) Long-term borrowings b) Deferred Tax Liabilities [Net] c) Other Long Term Liabilities d) Long Term Provisions C) Current Liabilities: Sub-Total Non Current Liabilities a) Short-term borrowings b) Trade Payables c) Other Current Liabilities d) Short Term Provisions Sub-Total Current Liabilities TOTAL EQUITY AND LIABILITIES (A + B + C) II. ASSETS D) Non-Current Assets: Fixed Assets Tangible Assets Intangible Assets Capital work-in-progress Intangible Asset under Development a) Total Fixed Assets b) Other non-current assets c) Non Current Investments d) Long Term Loans and Advances E) Current Assets: Sub-Total Non-Current Assets a) Current Investments b) Inventories c) Trade Receivables d) Cash and Bank Balances e) Short Term Loans and Advances f) Other Current Assets Sub-Total Current Assets TOTAL ASSETS (D+E)

7 Annual Profit & Loss Statement for the period of 2013 to 2016E Value(Rs.in.mn) FY13A FY14A FY15E FY16E Description 12m 12m 12m 12m Net Sales Other Income Total Income Expenditure Operating Profit Interest Gross profit Depreciation Profit Before Tax Tax Net Profit Equity capital Reserves Face value EPS Quarterly Profit & Loss Statement for the period of 30 th June, 2014 to 31 st Mar, 2015E Value(Rs.in.mn) 30-Jun Sep Dec Mar-15E Description 3m 3m 3m 3m Net sales Other income Total Income Expenditure Operating profit Interest Gross profit Depreciation Profit Before Tax Tax Net Profit Equity capital Face value EPS

8 Ratio Analysis Particulars FY13A FY14A FY15E FY16E EPS (Rs.) EBITDA Margin (%) PBT Margin (%) PAT Margin (%) P/E Ratio (x) ROE (%) ROCE (%) Debt Equity Ratio EV/EBITDA (x) Book Value (Rs.) P/BV Charts

9 OUTLOOK AND CONCLUSION At the current market price of Rs , the stock P/E ratio is at x FY15E and x FY16E respectively. Earning per share (EPS) of the company for the earnings for FY15E and FY16E is seen at Rs and Rs respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 19% and 36% over 2013 to 2016E respectively. On the basis of EV/EBITDA, the stock trades at x for FY15E and x for FY16E. Price to Book Value of the stock is expected to be at x and 9.53 x respectively for FY15E and FY16E. We expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend BUY in this particular scrip with a target price of Rs for Medium to Long term investment.

10 INDUSTRY OVERVIEW India is the second largest global producer of footwear after China, accounting for 13% of global footwear production of 16 billion pairs. The Indian Footwear Industry is highly fragmented. There are nearly 4000 units engaged in manufacturing footwear in India. The industry is dominated by small scale units contributing nearly 55% of total production. The industry has seen many changes in the years that have gone by and is now one of the fastest growing sectors in the country. The Indian Footwear Market is standing on the threshold of a revolution. The facets of this revolution lie in the inherently dynamic operating environment, the evolving income demographic pyramids and more importantly the changing consumer behavior. The footwear sector is evolving from the level of the manual footwear manufacturing method to the automated footwear manufacturing systems. Footwear production units are installed with world class machines. Manned by skilled technicians, these machines help to turn any new innovative idea into reality. Support systems created for the sector have indeed served the footwear industry well. With technology and quality of the footwear improving year after year, Indian Footwear industry is stamping its class and expertise in the global footwear trade. On the consumer front, Footwear manufacturers have gained a sudden upsurge in the retailing of footwear with the rise of e-commerce and the growing trend of online shopping. For the first time, there is concerted effort being put across by players in terms of brand building, product innovation and increased Retail presence. These are structural changes that have slowly started shaping industry dynamics for future. Opportunities & Threats Despite significant macro economic pressures in last year, the Indian Economy has shown a lot of resilience to overcome the challenges and is poised to improve in the years to come. After one of the most sought-after elections in the history of India, it is believed that long term initiatives will be taken by the new government leading to an uptick in consumption. To give boost to the footwear industry the government has already announced the relaxation in the excise duty on footwear pricing in the range of ` 500 to ` Opportunities will lie largely in the three domains of product portfolio - reach, availability & internal efficiency. An enhanced, customer centric product portfolio would enable satisfying all consumer needs. The products need to be made available to the consumer at their convenience, which is where reach and availability will play a major role whereas improving internal efficiency and building systems will enable the industry to capitalize on the opportunities presented by the market. Rising Material Costs, scarcity of skilled labour, stagnant socio economic reforms will be some of the key concern areas for footwear industry. Relaxo footwear Ltd enjoys the benefit of being in the business for more than four decades and has a better understanding of the footwear market. The company has been adopting appropriate strategies, e.g., Brand Building; focus on Quality & Innovation, Talent Management etc. to achieve its objectives.

11 Disclaimer: This document is prepared by our research analysts and it does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable but we do not represent that it is accurate or complete and it should not be relied on as such. Firstcall Research or any of its affiliates shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Firstcall Research and/ or its affiliates and/or employees will not be liable for the recipients investment decision based on this document.

12 Firstcall India Equity Research: C.V.S.L.Kameswari Pharma & Diversified U. Janaki Rao Capital Goods B. Anil Kumar Auto, IT & FMCG M. Vinayak Rao Diversified G. Amarender Diversified Firstcall Research Provides Industry Research on all the Sectors and Equity Research on Major Companies forming part of Listed and Unlisted Segments For Further Details Contact: Tel.: / / Telefax: / info@firstobjectindia.com

BUY RELAXO FOOTWEARS LTD. SYNOPSIS. CMP Target Price DECEMBER 16 th Result Update: Q2 FY14 ISIN: INE131B01039

BUY RELAXO FOOTWEARS LTD. SYNOPSIS. CMP Target Price DECEMBER 16 th Result Update: Q2 FY14 ISIN: INE131B01039 BUY CMP 191.30 Target Price 210.00 RELAXO FOOTWEARS LTD Result Update: Q2 FY14 DECEMBER 16 th 2013 ISIN: INE131B01039 Index Details Stock Data Sector Footwear BSE Code 530517 Face Value 1.00 52wk. High

More information

BUY. KDDL LTD Result Update (PARENT BASIS): Q1 FY16 SYNOPSIS. CMP Target Price AUGUST 22 nd 2015 ISIN: INE291D01011

BUY. KDDL LTD Result Update (PARENT BASIS): Q1 FY16 SYNOPSIS. CMP Target Price AUGUST 22 nd 2015 ISIN: INE291D01011 BUY CMP 280.10 Target Price 322.00 KDDL LTD Result Update (PARENT BASIS): Q1 FY16 AUGUST 22 nd 2015 ISIN: INE291D01011 Index Details Stock Data Sector Other Apparels & Accessories BSE Code 532054 Face

More information

BUY. IFB AGRO INDUSTRIES LTD Result Update (PARENT BASIS): Q1 FY16. CMP Target Price SEPTEMBER 30 th 2015 SYNOPSIS

BUY. IFB AGRO INDUSTRIES LTD Result Update (PARENT BASIS): Q1 FY16. CMP Target Price SEPTEMBER 30 th 2015 SYNOPSIS BUY CMP 382.00 Target Price 440.00 IFB AGRO INDUSTRIES LTD Result Update (PARENT BASIS): Q1 FY16 SEPTEMBER 30 th 2015 ISIN: INE076C01018 Index Details Stock Data Sector Breweries & Distilleries BSE Code

More information

BUY. HSIL LTD Result Update(PARENT BASIS): Q2 FY15. CMP Target Price DECEMBER 4 th 2014 SYNOPSIS

BUY. HSIL LTD Result Update(PARENT BASIS): Q2 FY15. CMP Target Price DECEMBER 4 th 2014 SYNOPSIS BUY CMP 367.10 Target Price 415.00 HSIL LTD Result Update(PARENT BASIS): Q2 FY15 DECEMBER 4 th 2014 ISIN: INE415A01038 Stock Details Stock Data Sector Containers & Packaging BSE Code 500187 Face Value

More information

PROCTER & GAMBLE HYGIENE & HEALTH CARE LTD Result Update (PARENT BASIS): Q4 FY15

PROCTER & GAMBLE HYGIENE & HEALTH CARE LTD Result Update (PARENT BASIS): Q4 FY15 PROCTER & GAMBLE HYGIENE & HEALTH CARE LTD Result Update (PARENT BASIS): Q4 FY15 ISIN: INE179A01014 OCTOBER 5 th 2015 STOCK DETAILS Sector FMCG BSE Code 500459 Face Value 10.00 52wk. High / Low (Rs.) 7435.00/5144.40

More information

BUY SIMPLEX INFRASTRUCTURES LTD SYNOPSIS. CMP Target Price FEBRUARY 28 th Result Update (PARENT BASIS): Q3 FY15

BUY SIMPLEX INFRASTRUCTURES LTD SYNOPSIS. CMP Target Price FEBRUARY 28 th Result Update (PARENT BASIS): Q3 FY15 BUY CMP 408.40 Target Price 460.00 SIMPLEX INFRASTRUCTURES LIMITED Result Update (PARENT BASIS): Q3 FY15 FEBRUARY 28 th 2015 ISIN: INE059B01024 Index Details Stock Data Sector Construction & Engineering

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 212.10 Target Price 242.00 MUTHOOT CAPITAL SERVICES LTD. Result Update (PARENT BASIS): Q2 FY15 DECEMBER 6 th 2014 ISIN: INE296G01013 Index Details Stock Data Sector FINANCE (NBFC) BSE Code 511766

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 1025.45 Target Price 1160.00 INDO COUNT INDUSTRIES LTD Result Update (PARENT BASIS): Q2 FY16 DECEMBER 1 st 2015 ISIN: INE483B01018 Index Details Stock Data Sector Textiles BSE Code 521016 Face

More information

BUY. NIIT TECHNOLOGIES LTD Result Update (PARENT BASIS): Q2 FY16 SYNOPSIS. CMP Target Price OCTOBER 17 th, 2015

BUY. NIIT TECHNOLOGIES LTD Result Update (PARENT BASIS): Q2 FY16 SYNOPSIS. CMP Target Price OCTOBER 17 th, 2015 BUY CMP 493.05 Target Price 560.00 NIIT TECHNOLOGIES LTD Result Update (PARENT BASIS): Q2 FY16 OCTOBER 17 th, 2015 ISIN: INE591G01017 Index Details Stock Data Sector IT Consulting & Software BSE Code 532541

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 244.05 Target Price 280.00 KALPATARU POWER TRANSMISSION LTD. Result Update (PARENT BASIS): Q3 FY15 March 2 nd 2015 ISIN: INE220B01022 Index Details Stock Data Sector Heavy Electrical Equipment

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 85.15 Target Price 98.00 PATEL INTEGRATED LOGISTICS LTD Result Update (PARENT BASIS): Q4 FY15 JULY 1 st 2015 ISIN: INE529D01014 Index Details Stock Data Sector Surface Transportation BSE Code 526381

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 1189.45 Target Price 1350.00 CUMMINS INDIA LTD Result Update (PARENT BASIS): Q1 FY16 AUGUST 10 th, 2015 ISIN: INE298A01020 Index Details Stock Data Sector Industrial Machinery BSE Code 500480 Face

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 734.45 Target Price 845.00 WELSPUN INDIA LIMITED Result Update (CONSOLIDATED): Q2 FY16 OCTOBER 24 th 2015 ISIN: INE192B01023 Index Details Stock Data Sector Textiles BSE Code 514162 Face Value

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 2125.00 Target Price 2330.00 CERA SANITARYWARE LTD Result Update (PARENT BASIS): Q1 FY16 JULY 15 th 2015 ISIN: INE739E01017 Index Details Stock Data Sector Furniture & Furnishing BSE Code 532443

More information

BUY. MAGMA FINCORP LIMITED Result Update (CONSOLIDATED BASIS): Q1 FY16 SYNOPSIS. CMP Target Price SEPTEMBER 9 th, 2015 ISIN: INE11C01022

BUY. MAGMA FINCORP LIMITED Result Update (CONSOLIDATED BASIS): Q1 FY16 SYNOPSIS. CMP Target Price SEPTEMBER 9 th, 2015 ISIN: INE11C01022 BUY CMP 87.50 Target Price 102.00 MAGMA FINCORP LIMITED Result Update (CONSOLIDATED BASIS): Q1 FY16 SEPTEMBER 9 th, 2015 ISIN: INE11C01022 Index Details Stock Data Sector Finance (NBFCs) BSE Code 524000

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 407.00 Target Price 455.00 GALLANTT ISPAT LIMITED Result Update (PARENT BASIS): Q3 FY15 APRIL 18 th 2015 ISIN: INE528K01011 Index Details Stock Data Sector Iron & steel BSE Code 533265 Face Value

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 191.60 Target Price 220.00 SESHASAYEE PAPER & BOARDS LTD Result Update (PARENT BASIS): Q3 FY15 APRIL 8 th, 2015 ISIN: INE630A01016 Index Details Stock Data Sector Paper & Paper Products BSE Code

More information

BUY. MENON PISTONS LTD Result Update (PARENT BASIS): Q1 FY16 SYNOPSIS. CMP Target Price SEPTEMBER 3 rd, 2015

BUY. MENON PISTONS LTD Result Update (PARENT BASIS): Q1 FY16 SYNOPSIS. CMP Target Price SEPTEMBER 3 rd, 2015 BUY CMP 151.00 Target Price 174.00 MENON PISTONS LTD Result Update (PARENT BASIS): Q1 FY16 SEPTEMBER 3 rd, 2015 ISIN: INE650G01011 Stock Details Stock Data Sector Auto Parts & Equipment BSE Code 531727

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 6847.80 Target Price 7540.00 WABCO INDIA LTD Result Update (PARENT BASIS): Q1 FY16 OCTOBER 7 th 2015 ISIN: INE342J01019 Index Details Stock Data Sector Auto Parts & Equipment BSE Code 533023 Face

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 4105.40 Target Price 4515.00 GILLETTE INDIA LIMITED Result Update (PARENT BASIS): Q2 FY15 FEBRUARY 25 th, 2015 ISIN: INE322A01010 Stock Data Sector FMCG BSE Code 507815 Face Value / Div. Per Share

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 422.40 Target Price 480.00 HARITA SEATING SYSTEMS LTD Result Update (PARENT BASIS): Q2 FY16 NOVEMBER 12 th, 2015 ISIN: INE939D01015 Index Details Stock Data Sector Auto Parts & Equipment BSE Code

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 55.30 Target Price 65.00 UMANG DAIRIES LTD Result Update (PARENT BASIS): Q4 FY15 JUNE 17 th 2015 ISIN: INE864B01027 Index Details Stock Data Sector Packaged Foods BSE Code 500231 Face Value 5.00

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 43.05 Target Price 50.00 KAMDHENU ISPAT LTD Result Update (PARENT BASIS): Q3 FY15 APRIL 4 th 2015 ISIN: INE390H01012 Index Details Stock Data Sector Iron & Steel/Interm.Products BSE Code 532741

More information

BUY. NCC LIMITED Result Update (CONSOLIDATED): Q1 FY16 SYNOPSIS. CMP Target Price SEPTEMBER 21 st, 2015 ISIN: INE868B01028

BUY. NCC LIMITED Result Update (CONSOLIDATED): Q1 FY16 SYNOPSIS. CMP Target Price SEPTEMBER 21 st, 2015 ISIN: INE868B01028 BUY CMP 68.20 Target Price 78.00 NCC LIMITED Result Update (CONSOLIDATED): Q1 FY16 SEPTEMBER 21 st, 2015 ISIN: INE868B01028 Index Details Stock Data Sector Construction & Engineering BSE Code 500294 Face

More information

BUY. NILKAMAL LIMITED Result Update(PARENT BASIS): Q1 FY 16 SYNOPSIS. CMP Target Price OCTOBER 12 th 2015 ISIN: INE310A01015

BUY. NILKAMAL LIMITED Result Update(PARENT BASIS): Q1 FY 16 SYNOPSIS. CMP Target Price OCTOBER 12 th 2015 ISIN: INE310A01015 BUY CMP 974.25 Target Price 1100.00 NILKAMAL LIMITED Result Update(PARENT BASIS): Q1 FY 16 OCTOBER 12 th 2015 ISIN: INE310A01015 Index Details Stock Data Sector Plastic Products BSE Code 523385 Face Value

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 1750.50 Target Price 1995.00 BAJAJ FINSERV LIMITED (CONSOLIDATED) Result Update: Q1 FY16 SEPTEMBER 26 th, 2015 ISIN: INE918I01018 Index Details Stock Data Sector Financial Services BSE Code 532978

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 228.50 Target Price 263.00 SHAKTI PUMPS (INDIA) LTD Result Update (PARENT BASIS): Q3 FY15 JANUARY 27 th 2015 ISIN: INE908D01010 Index Details Stock Data Sector Industrial Machinery BSE Code 531431

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 708.70 Target Price 815.00 PERSISTENT SYSTEMS LTD Result Update (CONSOLIDATED): Q4 FY15 APRIL 25 th 2015 ISIN: INE262H01013 Index Details Stock Data Sector IT BSE Code 533179 Face Value 10.00 52wk.

More information

BUY ASIAN PAINTS LTD. Result Update (CONSOLIDATED BASIS): Q2 FY16. CMP Target Price OCTOBER 24 th 2015 SYNOPSIS

BUY ASIAN PAINTS LTD. Result Update (CONSOLIDATED BASIS): Q2 FY16. CMP Target Price OCTOBER 24 th 2015 SYNOPSIS BUY CMP 856.75 Target Price 945.00 ASIAN PAINTS LIMITED Result Update (CONSOLIDATED BASIS): Q2 FY16 OCTOBER 24 th 2015 ISIN: INE021A01026 Index Details Stock Data Sector Paints BSE Code 500820 Face Value

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 469.40 Target Price 540.00 AVANTI FEEDS LIMITED Result Update (PARENT BASIS): Q2 FY16 DECEMBER 12 th 2015 ISIN: INE871C01012 Index Details Stock Data Sector Food products BSE Code 512573 Face Value

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 300.10 Target Price 340.00 ION EXCHANGE (INDIA) LIMITED Result Update (PARENT BASIS): Q3 FY15 MARCH 7 th 2015 ISIN: INE570A01014 Index Details Stock Data Sector Industrial Machinery BSE Code 500214

More information

BUY. CMP Target Price JUNE 20 th Highlights. Result Update (PARENT BASIS): Q4 FY15

BUY. CMP Target Price JUNE 20 th Highlights. Result Update (PARENT BASIS): Q4 FY15 BUY CMP 1750.00 Target Price 1910.00 WIM PLAST LTD Result Update (PARENT BASIS): Q4 FY15 JUNE 20 th. 2015 ISIN: INE015B01018 Index Details Stock Data Sector Plastic Products BSE Code 526586 Face Value

More information

BUY SYNOPSIS. NORTH EASTERN CARRYING CORPORATION LTD Result Update (PARENT BASIS): Q1 FY15. CMP Target Price SEPTEMBER 12 th 2014

BUY SYNOPSIS. NORTH EASTERN CARRYING CORPORATION LTD Result Update (PARENT BASIS): Q1 FY15. CMP Target Price SEPTEMBER 12 th 2014 BUY CMP 82.30 Target Price 92.00 NORTH EASTERN CARRYING CORPORATION LTD Result Update (PARENT BASIS): Q1 FY15 SEPTEMBER 12 th 2014 ISIN: INE553C01016 Index Details Stock Data Sector Transportation - Logistics

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 1424.75 Target Price 1630.00 MINDTREE LIMITED Result Update (CONSO:IDATED BASIS): Q2 FY16 OCTOBER 17 th 2015 ISIN: INE018I01017 Index Details Stock Data Sector IT Consulting & Software BSE Code

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 55.50 Target Price 64.00 NEO CORP INTERNATIONAL LTD Result Update (PARENT BASIS): Q1 FY16 AUGUST 20 th 2015 ISIN: INE851C01014 Index Details Stock Data Sector Containers & Packaging BSE Code 523820

More information

BUY SUDARSHAN CHEMICAL INDUSTRIES LTD. CMP Target Price JANUARY 8 th 2015 SYNOPSIS. Result Update (PARENT BASIS): Q2 FY15

BUY SUDARSHAN CHEMICAL INDUSTRIES LTD. CMP Target Price JANUARY 8 th 2015 SYNOPSIS. Result Update (PARENT BASIS): Q2 FY15 BUY CMP 114.05 Target Price 140.00 SUDARSHAN CHEMICAL INDUSTRIES LTD Result Update (PARENT BASIS): Q2 FY15 JANUARY 8 th 2015 ISIN: INE659A01023 Index Details Stock Data Sector Specialty Chemicals BSE Code

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 58.35 Target Price 67.00 RASHTRIYA CHEMICALS & FERTILIZERS LTD Result Update (PARENT BASIS): Q4 FY15 JULY 6 th 2015 ISIN: INE027A01015 Index Details Stock Data Sector Fertilizers BSE Code 524230

More information

NATCO PHARMA LTD. Result Update (PARENT BASIS): Q1 FY16

NATCO PHARMA LTD. Result Update (PARENT BASIS): Q1 FY16 ISIN: INE987B01018 OCTOBER 15 th, 2015 STOCK DETAILS Sector NATCO PHARMA LTD. Result Update (PARENT BASIS): Q1 FY16 BSE Code 524816 Face Value 10.00 Pharmaceuticals 52wk. High / Low (Rs.) 2709.00/1245.40

More information

MANPASAND BEVERAGES LTD Result Update (PARENT BASIS): Q2 FY18

MANPASAND BEVERAGES LTD Result Update (PARENT BASIS): Q2 FY18 MANPASAND BEVERAGES LTD Result Update (PARENT BASIS): Q2 FY18 Index Details Stock Data Sector Non-alcoholic Beverages BSE Code 539207 Face Value 10.00 52wk. High / Low (Rs.) 511.83/253.38 Volume (2wk.

More information

BUY APOLLO TYRES LTD. CMP Target Price AUGUST 12 th, Highlights. Result Update (CONSOLIDATED BASIS): Q1 FY16

BUY APOLLO TYRES LTD. CMP Target Price AUGUST 12 th, Highlights. Result Update (CONSOLIDATED BASIS): Q1 FY16 BUY CMP 187.50 Target Price 215.00 APOLLO TYRES LIMITED Result Update (CONSOLIDATED BASIS): Q1 FY16 AUGUST 12 th, 2015 ISIN: INE438A01022 Stock Data Sector Tyres & Tubes BSE Code 500877 Face Value 1.00

More information

BUY. HINDUSTAN MEDIA VENTURES LTD Result Update (PARENT BASIS): Q2 FY16. CMP Target Price DECEMBER 2 nd, 2015.

BUY. HINDUSTAN MEDIA VENTURES LTD Result Update (PARENT BASIS): Q2 FY16. CMP Target Price DECEMBER 2 nd, 2015. BUY CMP 289.20 Target Price 335.00 HINDUSTAN MEDIA VENTURES LTD Result Update (PARENT BASIS): Q2 FY16 DECEMBER 2 nd, 2015 ISIN: INE871K01015 Index Details Stock Data Sector Publishing BSE Code 533217 Face

More information

BUY. CAMLIN FINE SCIENCES LTD Result Update (PARENT BASIS): Q1 FY15. CMP Target Price AUGUST 28 th 2014 SYNOPSIS

BUY. CAMLIN FINE SCIENCES LTD Result Update (PARENT BASIS): Q1 FY15. CMP Target Price AUGUST 28 th 2014 SYNOPSIS BUY CMP 117.00 Target Price 135.00 CAMLIN FINE SCIENCES LTD Result Update (PARENT BASIS): Q1 FY15 AUGUST 28 th 2014 ISIN: INE052I01024 Index Details Stock Data Sector Specialty Chemicals BSE Code 532834

More information

INDIA NIPPON ELECTRICALS LTD Result Update (PARENT BASIS): Q3 FY18

INDIA NIPPON ELECTRICALS LTD Result Update (PARENT BASIS): Q3 FY18 INDIA NIPPON ELECTRICALS LTD Result Update (PARENT BASIS): Q3 FY18 Index Details Stock Data Sector Auto Parts & Equipment BSE Code 532240 Face Value 10.00 52wk. High / Low (Rs.) 1424.80/505.00 Volume (2wk.

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 59.60 Target Price 75.00 RASHTRIYA CHEMICALS & FERTILIZERS LTD Result Update (PARENT BASIS): Q3 FY15 APRIL 6 th 2015 ISIN: INE027A01015 Index Details Stock Data Sector Fertilizers BSE Code 524230

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 395.20 Target Price 430.00 THE PHOENIX MILLS LTD Result Update (PARENT BASIS): Q3 FY15 FEBRUARY 21 st 2015 ISIN: INE211B01039 Index Details Stock Data Sector Realty BSE Code 503100 Face Value 2.00

More information

BUY. SINGER INDIA LIMITED Result Update (PARENT BASIS): Q4 FY (June-2014) SYNOPSIS. CMP Target Price SEPTEMBER 20 th,2014

BUY. SINGER INDIA LIMITED Result Update (PARENT BASIS): Q4 FY (June-2014) SYNOPSIS. CMP Target Price SEPTEMBER 20 th,2014 BUY CMP 172.75 Target Price 197.00 SINGER INDIA LIMITED Result Update (PARENT BASIS): Q4 FY (June-2014) SEPTEMBER 20 th,2014 ISIN: INE638A01027 Index Details Stock Data Sector Industrial Machinery BSE

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 940.00 Target Price 1080.00 TTK HEALTHCARE LTD Result Update (PARENT BASIS): Q2 FY16 DECEMBER 10 th 2015 ISIN: INE910C01018 Index Details Stock Data Sector Pharmaceuticals BSE Code 507747 Face

More information

BUY APOLLO TYRES LTD. Highlights. CMP Target Price AUGUST 22 nd, Result Update (PARENT BASIS): Q1 FY15 ISIN: INE438A01022

BUY APOLLO TYRES LTD. Highlights. CMP Target Price AUGUST 22 nd, Result Update (PARENT BASIS): Q1 FY15 ISIN: INE438A01022 BUY CMP 169.95 Target Price 204.00 APOLLO TYRES LIMITED Result Update (PARENT BASIS): Q1 FY15 AUGUST 22 nd, 2014 ISIN: INE438A01022 Stock Data Sector Tyres & Tubes BSE Code 500877 Face Value 1.00 52wk.

More information

BUY. BAJAJ CORP LIMITED Result Update: Q1 FY14. CMP (Rs) Target Price (Rs) AUGUST 10 th, 2013 HIGHLIGHTS

BUY. BAJAJ CORP LIMITED Result Update: Q1 FY14. CMP (Rs) Target Price (Rs) AUGUST 10 th, 2013 HIGHLIGHTS BUY CMP (Rs) 243.00 Target Price (Rs) 268.00 BAJAJ CORP LIMITED Result Update: Q1 FY14 AUGUST 10 th, 2013 ISIN: INE933K01021 Stock Data Sector FMCG BSE Code 533229 Face Value 1.00 52wk. High / Low (Rs.)

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 459.00 Target Price 530.00 TCPL PACKAGING LIMITED Result Update (PARENT BASIS): Q1 FY16 SEPTEMBER 8 th, 2015 ISIN: INE822C01015 Index Details Stock Data Sector Paper & Paper Products BSE Code 523301

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 128.00 Target Price 145.00 JAGRAN PRAKASHAN LTD Result Update (PARENT BASIS): Q3 FY15 APRIL 11 th 2015 ISIN: INE199G01027 Index Details Stock Data Sector Publishing BSE Code 532705 Face Value 2.00

More information

BUY. SUNIL HITECH ENGINEERS LTD Result Update (PARENT BASIS): Q4 FY15. CMP Target Price JUNE 30 th 2015 SYNOPSIS

BUY. SUNIL HITECH ENGINEERS LTD Result Update (PARENT BASIS): Q4 FY15. CMP Target Price JUNE 30 th 2015 SYNOPSIS BUY CMP 207.50 Target Price 240.00 SUNIL HITECH ENGINEERS LTD Result Update (PARENT BASIS): Q4 FY15 JUNE 30 th 2015 ISIN: INE305H01010 Index Details Stock Data Sector Construction & Engineering BSE Code

More information

BUY. NMDC LIMITED Result Update (PARENT BASIS): Q3 FY15 SYNOPSIS. CMP Target Price APRIL 8 th, 2015 ISIN: INE584A01023

BUY. NMDC LIMITED Result Update (PARENT BASIS): Q3 FY15 SYNOPSIS. CMP Target Price APRIL 8 th, 2015 ISIN: INE584A01023 BUY CMP 127.00 Target Price 146.00 NMDC LIMITED Result Update (PARENT BASIS): Q3 FY15 APRIL 8 th, 2015 ISIN: INE584A01023 Index Details Stock Data Sector Mining BSE Code 526371 Face Value 1.00 52wk. High

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 412.60 Target Price 454.00 BHARAT FORGE LTD Result Update: Q3 FY14 MARCH 26 th 2014 ISIN: INE465A01025 Index Details Stock Data Sector Industrial Products BSE Code 500493 Face Value 2.00 52wk.

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 200.90 Target Price 230.00 MUTHOOT CAPITAL SERVICES LTD. Result Update (PARENT BASIS): Q3 FY15 MARCH 25 th, 2015 ISIN: INE296G01013 Index Details Stock Data Sector FINANCE (NBFC) BSE Code 511766

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 493.10 Target Price 542.00 RELIANCE INDUSTRIAL INFRASTRUCTURE LTD Result Update(PARENT BASIS): Q2 FY15 OCTOBER 16 th 2014 ISIN: INE046A01015 Index Details Stock Data Sector Construction & Engineering

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 1342.40 Target Price 1470.00 APOLLO HOSPITALS ENTERPRISE LTD Result Update (PARENT BASIS): Q3 FY15 MARCH 30 th 2015 ISIN: INE437A01024 Index Details Stock Data Sector Healthcare Facilities BSE

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 71.65 Target Price 85.00 CAPRIHANS INDIA LTD Result Update (PARENT BASIS): Q1 FY16 SEPTEMBER 9 th 2015 ISIN: INE479A01018 Index Details Stock Data Sector Plastic Products BSE Code 509486 Face Value

More information

BAJAJ FINANCE LTD Result Update (PARENT BASIS): Q3 FY18

BAJAJ FINANCE LTD Result Update (PARENT BASIS): Q3 FY18 Index Details BAJAJ FINANCE LTD Result Update (PARENT BASIS): Q3 FY18 Stock Data Sector Finance (including NBFCs) BSE Code 500034 Face Value 2.00 52wk. High / Low (Rs.) 1989.00/1020.00 Volume (2wk. Avg.)

More information

TRIDENT LTD Result Update (PARENT BASIS): Q3 FY17

TRIDENT LTD Result Update (PARENT BASIS): Q3 FY17 Index Details TRIDENT LTD Result Update (PARENT BASIS): Q3 FY17 Stock Data Sector Textiles BSE Code 521064 Face Value 10.00 52wk. High / Low (Rs.) 73.20/40.30 Volume (2wk. Avg.) 284000 Market Cap (Rs.

More information

GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LTD Result Update (PARENT BASIS): Q2 FY18

GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LTD Result Update (PARENT BASIS): Q2 FY18 GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LTD Result Update (PARENT BASIS): Q2 FY18 Index Details Stock Data Sector Fertilizers BSE Code 500670 Face Value 10.00 52wk. High / Low (Rs.) 548.50/190.15

More information

BUY. VIJAYA BANK LTD Result Update: Q2 FY14. CMP Target Price DECEMBER 6 th Highlights

BUY. VIJAYA BANK LTD Result Update: Q2 FY14. CMP Target Price DECEMBER 6 th Highlights BUY CMP 39.55 Target Price 60.00 VIJAYA BANK LTD Result Update: Q2 FY14 DECEMBER 6 th 2013 ISIN: INE705A01016 Index Details Stock Data Sector Banking BSE Code 532401 Face Value 10.00 52wk. High / Low (Rs.)

More information

HOLD KOTAK MAHINDRA BANK LTD. Highlights. STANDALONE Result Update: Q3 FY14. CMP Target Price JAN. 29 th, 2014

HOLD KOTAK MAHINDRA BANK LTD. Highlights. STANDALONE Result Update: Q3 FY14. CMP Target Price JAN. 29 th, 2014 HOLD CMP 672.00 Target Price 690.00 KOTAK MAHINDRA BANK LTD. STANDALONE Result Update: Q3 FY14 JAN. 29 th, 2014 ISIN: INE237A01028 Stock Data Sector Banking BSE Code 500247 Face Value / Div. Per Share

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 100.35 Target Price 115.00 GUJARAT STATE FERTILIZERS & CHEMICALS LTD Result Update (PARENT BASIS): Q2 FY15 DECEMBER 11 th 2014 ISIN: INE026A01025 Index Details Stock Data Sector Fertilizers BSE

More information

PFIZER LIMITED Result Update (PARENT BASIS): Q1 FY15

PFIZER LIMITED Result Update (PARENT BASIS): Q1 FY15 PFIZER LIMITED Result Update (PARENT BASIS): Q1 FY15 ISIN: INE182A01018 SEPTEMBER 29 th,2014 Recommendation BUY CMP 1634.05 Target Price 1797.00 STOCK DETAILS Sector BSE Code 500680 Face Value 10.00 Pharmaceuticals

More information

SOLAR INDUSTRIES INDIA LTD Result Update (CONSOLIDATED BASIS): Q1 FY19

SOLAR INDUSTRIES INDIA LTD Result Update (CONSOLIDATED BASIS): Q1 FY19 SOLAR INDUSTRIES INDIA LTD Result Update (CONSOLIDATED BASIS): Q1 FY19 Index Details Stock Data Sector Specialty Chemicals BSE Code 532725 Face Value 2.00 52wk. High / Low (Rs.) 1320.00/891.00 Volume (2wk.

More information

RAJESH EXPORTS LTD Result Update (CONSOLIDATED BASIS): Q1 FY18

RAJESH EXPORTS LTD Result Update (CONSOLIDATED BASIS): Q1 FY18 RAJESH EXPORTS LTD Result Update (CONSOLIDATED BASIS): Q1 FY18 Index Details Stock Data Sector Other Apparels & Accessories BSE Code 531500 Face Value 1.00 52wk. High / Low (Rs.) 774.00/432.00 Volume (2wk.

More information

BUY. Highlights. CMP Target Price SEPTEMBER 2 nd Result Update (PARENT BASIS): Q1 FY15

BUY. Highlights. CMP Target Price SEPTEMBER 2 nd Result Update (PARENT BASIS): Q1 FY15 BUY CMP 994.50 Target Price 1114.00 WIM PLAST LTD Result Update (PARENT BASIS): Q1 FY15 SEPTEMBER 2 nd 2014 ISIN: INE015B01018 Index Details Stock Data Sector Plastic Products BSE Code 526586 Face Value

More information

BUY. CITY UNION BANK LTD. Result Update (PARENT BASIS): Q4 FY15. CMP Target Price JULY 4 th, Highlights.

BUY. CITY UNION BANK LTD. Result Update (PARENT BASIS): Q4 FY15. CMP Target Price JULY 4 th, Highlights. BUY CMP 102.30 Target Price 120.00 CITY UNION BANK LTD. Result Update (PARENT BASIS): Q4 FY15 JULY 4 th, 2015 ISIN: INE491A01021 Stock Data Sector Banking BSE Code 532210 Face Value 1.00 52wk. High / Low

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 608.85 Target Price 694.00 CIPLA LIMITED Result Update (PARENT BASIS): Q2 FY15 NOVEMBER 18 th,2014 ISIN: INE059A01026 Index Details Stock Data Sector Pharmaceuticals BSE Code 500087 Face Value

More information

NESTLE INDIA LTD Result Update (PARENT BASIS): Q2 CY18

NESTLE INDIA LTD Result Update (PARENT BASIS): Q2 CY18 Index Details NESTLE INDIA LTD Result Update (PARENT BASIS): Q2 CY18 Stock Data Sector Packaged Foods BSE Code 500790 Face Value 10.00 52wk. High / Low (Rs.) 11590.00/6585.00 Volume (2wk. Avg.) 13000 Market

More information

ASSOCIATED ALCOHOLS & BREWERIES

ASSOCIATED ALCOHOLS & BREWERIES ASSOCIATED ALCOHOLS & BREWERIES LTD Result Update (PARENT BASIS): Q4 FY18 Index Details Stock Data Sector Breweries & Distilleries BSE Code 507526 Face Value 10.00 52wk. High / Low (Rs.) 421.75/115.05

More information

RAJESH EXPORTS LTD Result Update (CONSOLIDATED BASIS): Q3 FY17

RAJESH EXPORTS LTD Result Update (CONSOLIDATED BASIS): Q3 FY17 RAJESH EXPORTS LTD Result Update (CONSOLIDATED BASIS): Q3 FY17 Index Details Stock Data Sector Other Apparels & Accessories BSE Code 531500 Face Value 1.00 52wk. High / Low (Rs.) 745.50/422.50 Volume (2wk.

More information

BUY. HINDUSTAN MEDIA VENTURES LTD Result Update(PARENT BASIS): Q2 FY15. CMP Target Price OCTOBER 25 th 2014.

BUY. HINDUSTAN MEDIA VENTURES LTD Result Update(PARENT BASIS): Q2 FY15. CMP Target Price OCTOBER 25 th 2014. BUY CMP 167.00 Target Price 190.00 HINDUSTAN MEDIA VENTURES LTD Result Update(PARENT BASIS): Q2 FY15 OCTOBER 25 th 2014 ISIN: INE871K01015 Index Details Stock Data Sector Publishing BSE Code 533217 Face

More information

KIRI INDUSTRIES LTD Result Update (CONSOLIDATED BASIS): Q3 FY18

KIRI INDUSTRIES LTD Result Update (CONSOLIDATED BASIS): Q3 FY18 KIRI INDUSTRIES LTD Result Update (CONSOLIDATED BASIS): Q3 FY18 Index Details Stock Data Sector Specialty Chemicals BSE Code 532967 Face Value 10.00 52wk. High / Low (Rs.) 674.40/227.05 Volume (2wk. Avg.)

More information

SUNDARAM FINANCE LTD. Result Update (PARENT BASIS): Q4 FY14 SYNOPSIS. Recommendation BUY CMP Target Price

SUNDARAM FINANCE LTD. Result Update (PARENT BASIS): Q4 FY14 SYNOPSIS. Recommendation BUY CMP Target Price SUNDARAM FINANCE LIMITED Result Update (PARENT BASIS): Q4 FY14 ISIN: INE660A01013 MAY 30 th, 2014 STOCK DETAILS Sector Financial Services BSE Code 590071 Face Value 10.00 52wk. High / Low (Rs.) 899.45/463.10

More information

HERITAGE FOODS LTD. Result Update: Q1 FY14

HERITAGE FOODS LTD. Result Update: Q1 FY14 Index Details INE978A01019 Stock Data CMP 215.60 Target Price 235.00 Sector Packaged Foods BSE Code 519552 Face Value 10.00 52wk. High / Low (Rs.) 284.88/138.68 Volume (2wk. Avg.) 1165 Market Cap (Rs.

More information

COLGATE-PALMOLIVE (INDIA) LTD Result Update (PARENT BASIS): Q1 FY15

COLGATE-PALMOLIVE (INDIA) LTD Result Update (PARENT BASIS): Q1 FY15 COLGATE-PALMOLIVE (INDIA) LTD Result Update (PARENT BASIS): Q1 FY15 ISIN: INE259A01022 OCTOBER 1 st, 2014 STOCK DETAILS Sector FMCG BSE Code 500830 Face Value 1.00 52wk. High / Low (Rs.) 1767.30/1219.00

More information

BUY. STATE BANK OF INDIA STANDALONE Result Update: Q2 FY14. DEC. 4 th, CMP Target Price Highlights

BUY. STATE BANK OF INDIA STANDALONE Result Update: Q2 FY14. DEC. 4 th, CMP Target Price Highlights BUY CMP 1816.00 Target Price 1920.00 STATE BANK OF INDIA STANDALONE Result Update: Q2 FY14 DEC. 4 th, 2013 ISIN: INE062A01012 Stock Data Sector Banking BSE Code 500112 Face Value / Div. Per Share 10.00

More information

SYNOPSIS. C.M.P: Rs Target Price: Rs Date: July 16 th 2011 BUY

SYNOPSIS. C.M.P: Rs Target Price: Rs Date: July 16 th 2011 BUY SUDARSHAN CHEMICAL INDUSTRIES LTD Result Update: Q4 FY 11 C.M.P: Rs. 760.00 Target Price: Rs. 859.00 Date: July 16 th 2011 BUY Stock Data: Sector: Specialty Chemicals Face Value Rs. 10.00 52 wk. High/Low

More information

BUY. LA OPALA RG LIMITED Result Update: Q2 FY14 SYNOPSIS. CMP Target Price DECEMBER 31 st 2013 ISIN: INE059D01012

BUY. LA OPALA RG LIMITED Result Update: Q2 FY14 SYNOPSIS. CMP Target Price DECEMBER 31 st 2013 ISIN: INE059D01012 BUY CMP 600.00 Target Price 670.00 LA OPALA RG LIMITED Result Update: Q2 FY14 DECEMBER 31 st 2013 ISIN: INE059D01012 Index Details Stock Data Sector Houseware BSE Code 526947 Face Value 10.00 52wk. High

More information

BUY GARWARE-WALL ROPES LTD SYNOPSIS. CMP Target Price DECEMBER 17 th Result Update (PARENT BASIS): Q2 FY15

BUY GARWARE-WALL ROPES LTD SYNOPSIS. CMP Target Price DECEMBER 17 th Result Update (PARENT BASIS): Q2 FY15 BUY CMP 169.90 Target Price 192.00 GARWARE-WALL ROPES LTD Result Update (PARENT BASIS): Q2 FY15 DECEMBER 17 th 2014 ISIN: INE276A01018 Stock Details Stock Data Sector Textiles BSE Code 509557 Face Value

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 889.00 Target Price 978.00 RELIANCE INDUSTRIES LTD. Result Update (PARENT BASIS): Q2 FY15 JANUARY 3 rd 2015 ISIN: INE002A01018 Index Details Stock Data Sector Oil & Gas BSE Code 500325 Face Value

More information

GRINDWELL NORTON LTD Result Update (CONSOLIDATED BASIS): Q2 FY18

GRINDWELL NORTON LTD Result Update (CONSOLIDATED BASIS): Q2 FY18 GRINDWELL NORTON LTD Result Update (CONSOLIDATED BASIS): Q2 FY18 Index Details Stock Data Sector Other Industrial Products BSE Code 506076 Face Value 5.00 52wk. High / Low (Rs.) 524.90/311.10 Volume (2wk.

More information

Quick take. Ruchira Papers Ltd. BUY. Creating value through paper. Target Price. Investment Period 12 Months. 3 year daily price chart.

Quick take. Ruchira Papers Ltd. BUY. Creating value through paper. Target Price. Investment Period 12 Months. 3 year daily price chart. Ltd. Creating value through paper Limited (RPL) manufactures writing paper, printing paper and Kraft paper. The company's white writing and printing paper is used in making notebooks and writing material,

More information

Peer Groups CMP Market Cap EPS P/E (x) P/BV(x) Dividend Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

Peer Groups CMP Market Cap EPS P/E (x) P/BV(x) Dividend Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) HOLD CMP 380.35 Target Price 417.00 INDUSIND BANK LIMITED Result Update: Q1 FY14 30 th JULY 2013 ISIN: INE095A01012 Index Details Stock Data Sector Banking BSE Code 532187 Face Value 10.00 52wk. High /

More information

BUY. ATUL LIMITED Result Update (PARENT BASIS): Q2 FY15 SYNOPSIS. CMP Target Price OCTOBER 20 th 2014

BUY. ATUL LIMITED Result Update (PARENT BASIS): Q2 FY15 SYNOPSIS. CMP Target Price OCTOBER 20 th 2014 BUY CMP 1287.20 Target Price 1480.00 ATUL LIMITED Result Update (PARENT BASIS): Q2 FY15 OCTOBER 20 th 2014 ISIN: INE100A01010 Index Details Stock Data Sector Agrochemicals BSE Code 500027 Face Value 10.00

More information

JMC PROJECTS (INDIA) LTD Result Update (PARENT BASIS): Q2 FY18

JMC PROJECTS (INDIA) LTD Result Update (PARENT BASIS): Q2 FY18 Index Details JMC PROJECTS (INDIA) LTD Result Update (PARENT BASIS): Q2 FY18 Stock Data Sector Construction & Engineering BSE Code 522263 Face Value 10.00 52wk. High / Low (Rs.) 582.25/197.35 Volume (2wk.

More information

F I R S T C A L L BUY R E S E A R C H. 3M India Ltd SYNOPSIS. Dec 23 nd, Year Comparative Graph

F I R S T C A L L BUY R E S E A R C H. 3M India Ltd SYNOPSIS. Dec 23 nd, Year Comparative Graph C.M.P: Rs.3555.00 1 Year Comparative Graph Stock Data Sector 3M India Ltd 3M India Ltd Diversified Face Value Rs. 10.00 52 wk. High/Low (Rs.) 4250.95/1775.00 Volume (2 wk. Avg.) 879000 BSE Code 523395

More information

Bata India BUY. Performance Update. CMP `1,008 Target Price `1,243. 2QFY2019 Result Update Footwear. Historical share price chart.

Bata India BUY. Performance Update. CMP `1,008 Target Price `1,243. 2QFY2019 Result Update Footwear. Historical share price chart. Nov-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 2QFY2019 Result Update Footwear November 3, 2018 Bata India Performance Update Y/E March (` cr) 2QFY19 2QFY18

More information

BUY. ASM TECHNOLOGIES LTD Result Update (CONSOILIDATED) Q1 FY15. CMP Target Price SEPTEMBER 23 rd,2014 SYNOPSIS ISIN: INE867C01010

BUY. ASM TECHNOLOGIES LTD Result Update (CONSOILIDATED) Q1 FY15. CMP Target Price SEPTEMBER 23 rd,2014 SYNOPSIS ISIN: INE867C01010 BUY CMP 212.60 Target Price 242.00 ASM TECHNOLOGIES LTD Result Update (CONSOILIDATED) Q1 FY15 SEPTEMBER 23 rd,2014 ISIN: INE867C01010 Index Details Stock Data Sector IT BSE Code 526433 Face Value 10.00

More information

GODREJ CONSUMER PRODUCTS LTD

GODREJ CONSUMER PRODUCTS LTD GODREJ CONSUMER PRODUCTS LIMITED Result Update (CONSOLIDATED BASIS): Q1 FY15 ISIN: INE102D01028 AUGUST 9 th, 2014 STOCK DETAILS Sector FMCG BSE Code 532424 Face Value 1.00 52wk. High / Low (Rs.) 969.70/672.00

More information

ITC ACCUMULATE. Performance Highlights CMP. `257 Target Price `284. 3QFY2017 Result Update FMCG. Investment Period 12 Months

ITC ACCUMULATE. Performance Highlights CMP. `257 Target Price `284. 3QFY2017 Result Update FMCG. Investment Period 12 Months 3QFY2017 Result Update FMCG January 30, 2017 ITC Performance Highlights Quarterly result (Standalone) (` cr) 3QFY17 3QFY16 % yoy 2QFY17 %qoq Revenue 9,248 8,867 4.3 9,661 (4.3) EBITDA 3,546 3,475 2.1 3,630

More information

BUY. FEDERAL BANK LTD. STANDALONE Result Update: Q2 FY14. OCT. 22 nd, CMP Target Price SYNOPSIS.

BUY. FEDERAL BANK LTD. STANDALONE Result Update: Q2 FY14. OCT. 22 nd, CMP Target Price SYNOPSIS. BUY CMP 79.00 Target Price 90.00 FEDERAL BANK LTD. STANDALONE Result Update: Q2 FY14 OCT. 22 nd, 2013 ISIN: INE171A01011 Stock Data Sector Banking BSE Code 500469 Face Value 2.00 52wk. High / Low (Rs.)

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 227.60 Target Price 270.00 BAJAJ CORP LIMITED Result Update (PARENT BASIS): Q1 FY15 AUGUST 4 th 2014 ISIN: INE933K01021 Index Details Stock Data Sector FMCG BSE Code 533229 Face Value 1.00 52wk.

More information

Jasch Industries Ltd.

Jasch Industries Ltd. Other Apparels & Accessories October 16, 2012 *CMP 11.79 BSE Code 500220 BSE ID JASCH High/Low 1Y (Rs.) 15.60/11.15 Average Volume (3M) 14,103 Market Cap (Rs. Cr.) 13 Shareholding % Jun-12 Mar-12 Promoters

More information

Bata India BUY. Performance Update. CMP Target Price `842. 1QFY2019 Result Update Footwear. Historical share price chart.

Bata India BUY. Performance Update. CMP Target Price `842. 1QFY2019 Result Update Footwear. Historical share price chart. Jul-15 Oct-15 Jan-16 Apr-16 Jul-16 Oct-16 Jan-17 Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 1QFY2019 Result Update Footwear July 23, 2018 Bata India Performance Update Y/E March (` cr) 1QFY19 1QFY18 % yoy

More information

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%)

PEER GROUPS CMP MARKET CAP EPS P/E (X) P/BV(X) DIVIDEND Company Name (Rs.) Rs. in mn. (Rs.) Ratio Ratio (%) BUY CMP 1451.00 Target Price 1560.00 BRITANNIA INDUSTRIES LTD Result Update (PARENT BASIS): Q1 FY15 SEPTEMBER 16 th 2014 ISIN: INE216A01022 Index Details Stock Data Sector FMCG (Food) BSE Code 500825 Face

More information

Amara Raja Batteries BUY. Performance Highlights. CMP `1,010 Target Price `1,167. 2QFY2017 Result Update Auto Ancillary. 3-year price chart

Amara Raja Batteries BUY. Performance Highlights. CMP `1,010 Target Price `1,167. 2QFY2017 Result Update Auto Ancillary. 3-year price chart 2QFY217 Result Update Auto Ancillary November 8, 216 Amara Raja Batteries Performance Highlights BUY CMP `1,1 Target Price `1,167 Y/E March (` cr) 3QFY16 3QFY15 % chg (yoy) 2QFY16 % chg (qoq) Net Sales

More information

Garware Wall Ropes ACCUMULATE. Performance Highlights CMP. `550 Target Price `618. 2QFY2017 Result Update Textile. Investment Period 12 months

Garware Wall Ropes ACCUMULATE. Performance Highlights CMP. `550 Target Price `618. 2QFY2017 Result Update Textile. Investment Period 12 months 2QFY217 Result Update Textile November 16, 216 Garware Wall Ropes Performance Highlights Quarterly Data (`cr) 2QFY17 2QFY16 % yoy 1QFY17 % qoq Revenue 232 214 8.5 225 3.3 EBITDA 4 26 5.9 31 29.4 Margin

More information