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Buy Kalpataru Power; target of Rs 385: Anand Rathi

Anand Rathi is bullish on Kalpataru Power has recommended buy rating on the stock with a target price of Rs 385 in its research report dated November 05, 2020.

November 09, 2020 / 03:15 PM IST
 
 
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Anand Rathi 's research report on Kalpataru Power


Kalpataru’s revenue and margins were in line with expectations. Its healthy order book and execution ramp-up at various sites helped management stay upbeat and retain 5-10% revenue growth guidance. Till now, FY21 orders of Rs32.3bn were booked in its international T&D business largely (76% of inflows). The Rs123bn order book is well diversified across various businesses. Backed by a robust bid pipeline, management maintained its order-inflow guidance of Rs90bn-100bn.


Outlook


With in-line results, we keep our estimates unchanged and maintain our Buy rating with a sum-of-parts-based target of Rs385.


For all recommendations report, click here

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first published: Nov 9, 2020 03:15 pm

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