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Buy Pratibha at a 2-yr price target of Rs550: Motilal Oswal
Published on Thu, Dec 21 at 12:16 , Updated at Thu, Dec 21 at 12:17
Source : Moneycontrol.com
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We recommend a buy on Pratibha Industries with a 2-year price target of Rs 550 (20x FY08E), and an annualised return of 25%, states a research report released released on May 8 by Motilal Oswal Securities. Robust order book
PIL has a strong order book and this ensures a clear topline visibility for the next 2-3 years. The average gestation period is 1.5 to 2 years. About 80% of the orders are water- based. Rest is from roads, commercial structures and mass housing. Investment concerns
Increase in raw material price
Equity dilution |
Increase in cement/steel price, major raw materials for infrastructure projects, could impact operating margins. However, most of the projects have an escalation clause, which enables companies to pass on this cost-push. Messages on Pratibha Ind
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