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Buy Mrs.Bector Foods Specialties; target of Rs 2000: LKP Research

LKP Research is bullish on Mrs.Bector Foods Specialties has recommended buy rating on the stock with a target price of Rs 2000 in its research report dated November 12, 2024.

November 13, 2024 / 08:33 IST
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    26 Aug, 2025 12:21
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    LKP Research's research report on Mrs.Bector Foods Specialties

    Mrs.Bector Foods Specialties Ltd (MBFSL) reported strong growth of 19.7% YoY in Revenue during the quarter to ₹4,963 mn vs ₹4,145 mn in the year-ago quarter. However EBITDA/ PAT saw growth of 9%/4%, EBITDA growth was the lowest in the last eight quarters due to high freight and raw material prices. In Q3 inflationary pressures intensified further as palm oil prices continues to rise which might further impact its margins. However, the management still maintains its target of 14-15% operating margins on an annualized basis.

    Outlook

    We expect MBFSL to clock a Revenue/ EBITDA/PAT CAGR of 17%/19%/21% respectively over FY24-26E. Therefore we maintain our ‘BUY’ rating and a TP of ₹2,000 at a PE of 60x of FY26 EPS of ₹33.

    For all recommendations report, 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.

    Mrs.Bector Foods Specialties - 13112024 - lkp

    Broker Research
    first published: Nov 13, 2024 08:33 am

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