Get App
Last Updated : Oct 31, 2018 05:06 PM IST | Source:

Buy Genus Power Infrastructure; target of Rs 40: Kotak Securities

Kotak Securities is bullish on Genus Power Infrastructure has recommended buy rating on the stock with a target price of Rs 40 in its research report dated October 25, 2018.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Kotak Securities' research report on Genus Power Infrastructure

Genus reported good numbers on the operational front and reported profits in line with estimates.Outlook on EBITDA margins remains positive. Further, strong order book makes us comfortable on growth in FY19-20. Strong revenue growth on the back of pick-up in execution. EBITDA margin expansion despite commodity price and currency fluctuation Order book has almost doubled to Rs14.0bn (net of GST) on a y-o-y basis. The Genus power stock has corrected sharply by 64% from its high of Rs86. The stock is trading at 11.6x and 10.4x FY19E and FY20E earnings respectively.


We value the stock at 15x FY20E and arrive at a price target of Rs 40 (Unchanged). Reiterate BUY due to reasonable valuations, healthy profit growth and adequate upside.

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.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Oct 31, 2018 05:06 pm
Follow us on