Hold Technocraft Industries; target of Rs 466: Axis Direct

Axis Direct recommended hold rating on Technocraft Industries with a target price of Rs 466 in its research report dated February 17, 2017.

February 20, 2017 / 16:30 IST

26 Aug, 2025 12:21

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Axis Direct's research report on Technocraft Industries

Technocraft Industries (India) Ltd (TIIL)’s revenues for Q3FY17 increased 11.3% Y-o-Y to Rs 190 Cr, while earnings (standalone) were down 16.9% Y-o-Y to Rs 19.8 Cr due to decline in EBIDTA margin.

Outlook

Considering introduction of new product in formwork segment with good demand from infra EPC players and turnaround of fabrics & yarn division, we revise our SOTP target price to Rs 466 (previous target of Rs 433/share).

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first published: Feb 20, 2017 04:30 pm

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