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    HomeNewsBusinessStocksBuy Dalmia Bharat; target of Rs 2540: KR Choksey

    Buy Dalmia Bharat; target of Rs 2540: KR Choksey

    KR Choksey is bullish on Dalmia Bharat has recommended buy rating on the stock with a target price of Rs 2540 in its research report dated February 27, 2017.

    February 28, 2017 / 18:01 IST
       
       
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      KR Choksey's report on Dalmia Bharat

      Dalmia Bharat Ltd (DBEL) is currently positioned as the fourth largest cement company in India and possesses a manufacturing capacity of 25 MTPA and a captive power capacity of 186 MW. DBEL enjoys a healthy presence in South, East and North-East (NE) with manufacturing capacity of 12.1 MTPA (48%) located in South and 12.9 MTPA (52%) located in East (incl. NE).

      Outlook

      Consequently, we value Dalmia Bharat Ltd at an EV/EBITDA of 12X FY-19E arriving at a target price of INR 2540/share translating into a 34% upside from the current price of INR 1897/share subject to further re-rating depending upon the pace of debt reduction and margin sustainability.
      For all recommendations, click here Disclaimer: 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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      first published: Feb 28, 2017 06:01 pm

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