Anand Rathi's research report on Nilkamal
Nilkamal’s Q3 revenue grew 6.3% y/ay to Rs8.5bn. Input-cost tailwinds helped the gross margin expand 126bps y/y to 43.3%. Higher employee expenses and other operating expenses pulled EBITDA down 12.9% y/y to Rs634m. PAT was down a significant 26.4%.
Outlook
We anticipate 8%/14% revenue/earnings CAGRs over FY24-27. At the CMP, the stock trades at 26.2x/20.1x/14.4x FY25e/26e/27e earnings. We arrive at a lower 12-mth TP of Rs2,694, 22.5x FY27e earnings (earlier Rs2,759, 22.5x FY27e earnings).
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
