Sharekhan's research report on MOIL
Q2FY25 Revenue/EBITDA of Rs. 292 crore/Rs. 79 crore fell 16%/18% y-o-y and was lagging our estimates as the decline in sales volume (down 18% y-o-y and 34% q-o-q) affected the performance. Realization of Rs. 9,121/tonne was flat y-o-y and down 34% q-o-q. Blended margin of Rs. 2,657/tonne was flat y-o-y and down 44% q-o-q. MOIL has taken 3-4 price cuts recently because of the weak pricing outlook of the sector currently.
Outlook
We downgrade the stock to Hold with a revised PT of Rs. 330 given the uncertainty regarding the pricing environment. The stock trades at 6.6x/5.7x its FY26/27 EV/EBITDA (expensive vs historical multiples).
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
