Get App
Last Updated : Feb 13, 2019 03:33 PM IST | Source:

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 @moneycontrolcom
  • bselive
  • nselive
Todays L/H

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).


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 here

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

First Published on Feb 13, 2019 03:33 pm
More From
Follow us on
Available On
PCI DSS Compliant