KR Choksey is bullish on Emmbi Industries has recommended buy rating on the stock with a target price of Rs 180 in its research report dated February 15, 2017.
KR Choksey's research report on Emmbi Industries
We recommend a “BUY” rating and assign a PE of ―12X on FY19E of INR ―15.2 to arrive at a target price ―180. At CMP of INR 128, EIL is currently trading at 20.6x FY17 EPS of INR 6.2 (vs. previous estimate of 7.2), 12x on FY18 EPS of INR 10.7 and 8.5x on FY19 EPS of INR 15.0.
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