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    HomeNewsBusinessStocksBuy TD Power Systems; target of Rs 345: Emkay

    Buy TD Power Systems; target of Rs 345: Emkay

    Emkay is bullish on TD Power Systems has recommended buy rating on the stock with a target price of Rs 345 in its research report dated May 16, 2016.

    May 20, 2016 / 15:40 IST

    Emkay's research report on TD Power Systems

    In Q4FY16, TD Power Systems (TDPS) reported weak quarterly performance (i) Consolidated revenues down by 37% YoY (ii) Manufacturing revenues decline by 4% YoY (iii) Losses at the EBIDTA level on account of one-time write-off and provisioning for liquidated damages.
    Order backlog in the product segment stands at Rs2.9bn. Management has indicated of newer opportunities in the railways segment which are likely to be announced in the near future. The company continues to remain zero debt and carries cash balance of ~Rs2bn in its standalone entity. At current levels, the stock trades at 16.5X FY18EPS. We maintain Buy with price target of Rs345/share.

    For all recommendations, 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.

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    first published: May 18, 2016 05:07 pm

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