February 22, 2017 / 15:19 IST
On the expansion front, At its Somathane CFS 6 RTGC has been installed and is in working condition. Rail operation at Vapi ICD is expected to start the operation by March end. Other than this, Logistics park at Vapi is expected to get operational soon. We expect Vapi ICD volume, to pick up once the operations through rail gets started.
Outlook
We expect the company to do EBitda of Rs 265.6 cr in FY19E and EPS of Rs 10.2 and is trading at EV/Ebitda of 10.06 x and PE of 16.3x FY19E EPS. Long term outlook looks positive. We recommend to HOLD Navkar with revised target price of Rs 184(18x FY19E EPS).
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