Buy Jindal Worldwide; target of Rs 124: Firstcall Research

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Firstcall Research report on Jindal Worldwide

Jindal Worldwide’s net profit stood at Rs. 68.25 million, in Q1 FY15 against Rs. 68.62 million in the corresponding quarter of the previous year. The company has achieved a turnover of Rs. 2114.42 million, an increase of 7.87% year –on –year for the 2nd quarter of the financial year 2014-15 as against Rs. 1960.19 million in the corresponding quarter of the previous year. In Q2 FY15, EBITDA was at Rs. 246.09 million, an increase of 16.90% over Q2 FY14. The company has reported an EPS of Rs. 3.40 for the 2nd quarter as against an EPS of Rs. 3.42 in the corresponding quarter of the previous year.

OUTLOOK AND CONCLUSION

At the current market price of Rs. 109.15, the stock P/E ratio is at 7.86 x FY15E and 7.13 x FY16E respectively.

Earning per share (EPS) of the company for the earnings for FY15E and FY16E is seen at Rs.13.88 and Rs.15.30 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 18% and 31% over 2013 to 2016E respectively.

On the basis of EV/EBITDA, the stock trades at 1.90 x for FY15E and 1.55 x for FY16E.

Price to Book Value of the stock is expected to be at 1.31 x and 1.11 x respectively for FY15E and FY16E.

"We expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend ‘BUY’ in this particular scrip with a target price of Rs 124 for Medium to Long term investment", says Firstcall Research Report.

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