Anant Raj an outperformer: Prabhudas Lilladher

RELATED NEWS GlaxoSmithKline Pharma a market performer: P Lilladher Mundra Port an outperformer: Prabhudas Lilladher IVRCL Infra an outperformer: Prabhudas Lilladher Buy Nagarjuna Construction, tgt Rs 260: Angel Buy Ipca Laboratories, target of Rs 965: Emkay Anant Raj Ind BSE | NSE 10/02/12 Are Mutual Funds betting on Anant Raj Ind?

Prabhudas Lilladher has maintained its outperformer rating on Anant Raj Industries with a target price of Rs 282 in its June 2, 2008 research report. "Anant Raj Industries' (ARIL) results were broadly in line with our estimates. However, the reported topline of Rs 6.03 billion was net of cost of investments. The company's topline grew 190%, with strong EBIDTA margin of 93.1%. Its PAT stood at Rs 4.37 billion, YoY growth of 248%."

"We expect strong topline growth of 102% and 112% to Rs 122.2 billion and Rs 258.9 billion in FY09 and FY10 respectively. For the corresponding period, EBIDTA margins are likely to be 69.4% and 65% respectively. The company is expected to report strong PAT growth of 44% and 101% in FY09 and FY10 respectively. Our working of the company's NAV stands at Rs 332. Our target price of Rs 282 is based on 15% discount to NAV. We maintain Outperformer rating on the stock," says Lilladher's research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

For further details click on attachment......