Buy Kalpataru Power Transmission; target of Rs 376: HDFC Sec

HDFC Securities is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 376 in its research report dated February 14, 2017.

February 22, 2017 / 16:35 IST

26 Aug, 2025 12:21

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HDFC Securities' research report on Kalpataru Power Transmission

Kalpataru Power’s (KPP) 3QFY17 result was ahead of our estimates, with strong revenue growth (+29% YoY), stable EBITDA margins of 10.5% (+20bps YoY) and lower interest costs (-9% YoY). Consequently, APAT reported a strong growth of 57% YoY to Rs 571mn.

Outlook

Cash flows in the SA business would be adequate to address their cash needs without building leverage. Reiterate BUY with a TP of Rs 376/sh (SA EPC at Rs 308/sh, 15x Dec-18E EPS).

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first published: Feb 22, 2017 04:35 pm

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