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Last Updated : May 18, 2018 03:54 PM IST | Source:

Buy SKF India; target of Rs 2225: ICICI Direct

ICICI Direct is bullish on SKF India has recommended buy rating on the stock with a target price of Rs 2225 in its research report dated May 10, 2018.

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ICICI Direct' research report on SKF India

SKF India (SKF) reported decent Q4FY18 results though the numbers were slightly lower than our estimates Revenues grew 7.6% YoY to | 703.6 crore. We expected revenue of | 738 crore for the quarter.


Accordingly, we expect SKF to deliver sales, EBITDA and PAT CAGR of 11%, 11.3% and 10.1%, respectively, in FY18-20E. We continue to value the company at 32x P/E on FY20E EPS of | 69.8 to arrive at a target price of | 2225/share. We maintain BUY on SKF.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

First Published on May 18, 2018 03:54 pm
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