Buy Lanco Industries; target of Rs 84: Firstcall

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26 Aug, 2025 12:21

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Firstcall Research report on Lanco Industries (LIL)

"LIL was incorporated in 1991 by Lanco Group of Companies to manufacture Pig Iron and Cement has reported its financial results for the quarter ended 30 September, 2014. The company’s net profit jumps to Rs. 183.32 million against Rs. 97.59 million in the corresponding quarter ending of previous year, an increase of 87.85%. Revenue for the quarter decreased by 2.62% to Rs. 2571.30 million from Rs. 2640.49 million, when compared with the prior year period. Reported earnings per share of the company stood at Rs. 4.61 a share during the quarter as against Rs. 2.45 over previous year period. Profit before interest, depreciation and tax is Rs. 452.66 million as against Rs. 311.60 million in the corresponding period of the previous year."

OUTLOOK AND CONCLUSION

At the current market price of Rs. 72.40, the stock P/E ratio is at 4.24 x FY15E and 3.52 x FY16E respectively.

Earnings per share (EPS) of the company for the earnings for FY15E and FY16E are seen at Rs. 17.07 and Rs. 20.56 respectively.

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Net Sales and Operating Profit of the company are expected to grow at a CAGR of 9% and 46% over 2013 to 2016E respectively.

On the basis of EV/EBITDA, the stock trades at 4.01 x for FY15E and 3.56 x for FY16E.

Price to Book Value of the stock is expected to be at 1.01 x and 0.80 x respectively for FY15E and FY16E.

"We recommend ‘BUY’ in this particular scrip with a target price of Rs 84 for Medium to Long term investment", says Firstcall Research Report.

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