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Neutral Jyothy Laboratories; target of Rs 190: Motilal Oswal

Motilal Oswal recommended Neutral rating on Jyothy Laboratories with a target price of Rs 190 in its research report dated November 14, 2022.

November 25, 2022 / 03:31 PM IST
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Motilal Oswal's research report on Jyothy Laboratories

JYL reported an in line operating performance in 2QFY23. While standalone sales growth was 11.8%, overall volume growth was low ~1%. Three-year EBITDA CAGR continues to be in low single digits and is likely to remain at a similar rate over the next couple of quarters. We maintain our Neutral rating on the stock.


We assign a 17x EV/EBITDA target multiple to our Sep’24E EBITDA, resulting in a TP of INR190. We maintain our Neutral rating.

For all recommendations report, click here

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Jyothy Laboratories - 15 -11-2022 - moti

Broker Research
first published: Nov 25, 2022 03:31 pm