Buy Welspun India; target of Rs 910: Karvy

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26 Aug, 2025 12:21

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Karvy Stock Broking's report on Welspun IndiaWelspun is one of the largest terry towel producers and is the second largest bed sheet producer. Welspun India is No:1 Home textile supplier to US for the third consecutive year. We expect the revenues to grow at 15% CAGR from FY15-FY17E on the back of strong volume growth, margins improvement, company’s size, focus on quality products and marquee big clients globally.Valuation and Outlook:"At CMP Rs.758, the stock is trading at 7.3x and 5.9x FY16E & FY17E EV/ EBITDA respectively. We expect the new capacity addition, focus on innovative products, increase of branded sales and better product mix to drive the revenue for FY16E-17E. We initiate a “BUY” recommendation with a target price of Rs. 910 per share, which represents an upside potential of 20%", says Karvy Stock Broking research report.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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