Buy Emmbi Industries; target of Rs 180: ICICI Direct

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

live

• bselive
• nselive

Volume

Todays L/H

More

×

ICICI Direct's report on Emmbi Industries

Emmbi’s product profile can be classified into four main segments, i.e. speciality packaging (FIBC), advance composites (FIBC+ embedded property), water conservation products and agri products. In FY16, the company clocked net sales of Rs 207 crore, which comprising speciality packaging (39% in FY16, 48% in FY15), advance composites (43% in FY16, 36% in FY15), water conservation products (16% in FY16, 15% in FY15) and agri products (2.8% in FY16, 2.3% in FY15).

Outlook

With a robust growth trajectory amid healthy product demand and good promoter pedigree, we increase our target P/E multiple and introduce FY19E numbers. We now value Emmbi at Rs 180 i.e. 18x P/E on FY18E & FY19E average EPS of Rs 10.0.share. We maintain our BUY recommendation on Emmbi.

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.

Read More