Buy Sadbhav Engineering; target of Rs 327: HDFC Securities

HDFC Securities is bullish on Sadbhav Engineering has recommended buy rating on the stock with a target price of Rs 327 in its research report dated February 16, 2017.

February 22, 2017 / 16:46 IST

26 Aug, 2025 12:21

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HDFC Securities' research report onSadbhav Engineering

Sadbhav Eng (SEL) reported strong 3QFY17 revenue growth (14.8% YoY), leading to 18.5% APAT beat. Going forward, four HAM projects are expected to contribute Rs 2bn+ incremental revenue in 4QFY17E, leading to a strong performance.

Outlook

SEL has maintained its FY17E revenue guidance of Rs 35-36bn for FY17E, and Rs 38bn+ for FY18E. We roll over our estimates to Mar-19E and maintain BUY with TP of Rs 327/sh.

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first published: Feb 22, 2017 04:46 pm

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