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    HomeNewsBusinessStocksBuy Allcargo Logistics; target of Rs 142: Motilal Oswal

    Buy Allcargo Logistics; target of Rs 142: Motilal Oswal

    Motilal Oswal is bullish on Allcargo Logistics has recommended buy rating on the stock with a target price of Rs 142 in its research report dated February 12, 2019.

    Broker Research
    February 13, 2019 / 15:33 IST
       
       
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      Motilal Oswal's research report on Allcargo Logistics

      Overall revenue increased 22% YoY to INR18.03b v/s our estimate of INR16.6b, led by 22% YoY growth in the MTO segment and 25% growth in the CFS segment. EBITDA increased 20% YoY (-10% QoQ) to INR1.12b, lower than our estimate of INR1.25b. Margins stood at 6.2% (6.3% in 3QFY18). PAT increased 37% YoY to INR477m v/s our estimate of INR642m as the tax rate stood at 38% in 3QFY19 v/s our estimate of 24% (39% in 3QFY18).

      Outlook

      Valuations of 10.3x/9.2x FY20/21E earnings appear attractive. We value AGLL at 13x FY21E P/E to arrive at a target price of INR142. Maintain Buy.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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.

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      Broker Research
      first published: Feb 13, 2019 03:33 pm

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