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Last Updated : May 21, 2019 10:11 PM IST | Source: Moneycontrol.com

Hold Gabriel India; target of Rs 145: Sharekhan

Sharekhan recommended Hold rating on Gabriel India with a target price of Rs 145 in its research report dated May 17, 2019.

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Sharekhan's research report on Gabriel India


Gabriel’s Q4FY19 results significantly missed estimates as higher commodity costs and OEM pricing pressure dented margins. Earnings growth to turn negative in FY2020 due to slowing OEM demand and margin contraction due to pricing pressures and adverse mix. Cut FY20 estimates by 18; rollover multiple on FY21 earnings. Rich valuations of 21.9x and 19.4x its FY20/FY21 earnings limit upside scope.


Outlook


We retain Hold rating on Gabriel India Limited (Gabriel) with an unchanged PT of Rs 145.


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.




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First Published on May 21, 2019 10:11 pm
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