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Hold KPR Mill; target of Rs 650: ICICI Direct

ICICI Direct recommended hold rating on KPR Mill with a target price of Rs 650 in its research report dated August 04, 2022.

August 07, 2022 / 12:11 IST
     
     
    26 Aug, 2025 12:21
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    ICICI Direct's research report on KPR Mill

    KPR Mill is among select vertically integrated textile players in India (from yarn to garments) that has displayed consistent revenue growth and positive operating margin trajectory with strong return ratios. It is one of India’s largest knitted garment manufacturer with total capacity of 157 million pieces (post expansion) • Consistently, over the years, it has maintained ~18-20% margins with average RoCE of ~20% and D/E ratio of 0.4x.

    Outlook

    Order book traction for H2FY23 will be critical. Maintain HOLD rating on the stock. We value KPR at Rs 650 i.e. 25x FY24E EPS.

    For all recommendations report, click here

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    KPR Mill - 040822 - khan

    Broker Research
    first published: Aug 7, 2022 12:11 pm

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