Get App
Moneycontrol

Co-Partners

Associate Partners

Last Updated : Nov 14, 2018 01:41 PM IST | Source: Moneycontrol.com

Buy SRF; target of Rs 2408: Motilal Oswal

Motilal Oswal is bullish on SRF has recommended buy rating on the stock with a target price of Rs 2408 in its research report dated November 03, 2018.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Motilal Oswal's research report on SRF


SRF’s revenue increased 48.9% YoY to INR19,154m (our estimate: INR15,073m) in 2QFY19. EBITDA grew 63% YoY to INR3,327m (our estimate: INR2,715m), with the margin expanding 160bp YoY to 17.4% (our estimate: 18%). Adj. PAT increased 71.6% YoY to INR1,653m (our estimate: INR1,127m). 1HFY19 performance: Revenue grew 42% YoY to INR36,566m. EBITDA increased 56% YoY to INR6,440, with the margin expanding 160bp YoY. Adj. PAT grew 49% YoY to INR2,992m. For 2HFY19, we expect revenue growth of 31% YoY, with margin expansion of 130bp YoY.


Outlook


We expect 25%/35% revenue/PAT CAGR over FY18-20. Our TP of INR2,408 implies 23% upside. Maintain Buy.


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.



Get Lok Sabha 2019 Live Election Results, constituency-wise tally, news, views and analysis
Follow our Lok Sabha Election Result Live Blog here.
First Published on Nov 14, 2018 01:41 pm
More From
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant