Arihant Capital' research report on HSIL Ltd
Q1FY18 Net Revenue for the quarter was at Rs 480cr representing a decline of 19% on the quarter and a marginal growth of 0.19% YoY. Q1FY18 Operating EBITDA stood at Rs 53cr vs 68cr YoY , EBITDA margin declined by 22% yoy to 11% at multiyear low. Q1FY18 Reported PAT was at Rs12cr down by 44% on YoY basis and decrease of 62% QoQ.
Outlook
Given the recent performance and hoping the management maintain their run rate going forward we value the company at 24x PE , and assign a price target of Rs 370 with a “HOLD” rating on the stock.
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