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    HomeNewsBusinessStocksBuy J. Kumar Infraprojects; target of Rs 351: HDFC Securities

    Buy J. Kumar Infraprojects; target of Rs 351: HDFC Securities

    HDFC Securities is bullish on J. Kumar Infraprojects has recommended buy rating on the stock with a target price of Rs 351 in its research report dated May 30, 2017.

    June 03, 2017 / 14:28 IST
    Zydus Wellness | Brokerage: Sharekhan | Rating: Buy | Target: Rs 1,472 | Return: 18 percent
       
       
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      HDFC Securities' research report onJ. Kumar Infraprojects

      JKIL’s 4QFY17 net revenues/EBIDTA/APAT, came in 11/17.1/26.3% below our estimates respectively. Delay in shifting of utilities in JNPT/Metro projects impacted execution. The balance sheet remained stable, with net debt at Rs 3.5bn and net D/E at 0.25x vs Rs 4.7bn and 0.34x during 3QFY17.

      Outlook

      We have retained our FY18-19E revenue estimates, and upgraded our FY19E EPS estimate by 10.2% to factor in EBIDTA margin expansion. Maintain BUY with a TP of Rs 351/sh (15x FY19E EPS).

      For all recommendations, 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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      first published: Jun 3, 2017 02:28 pm

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