Brokerage house Firstcall Research is bullish on Prakash Steelage and has recommended buy rating on the stock with a target price of Rs 135 in its research report dated December 20, 2014.
"Prakash Steelage's net profit jumps to Rs. 86.58 million against Rs. 55.01 million in the corresponding quarter ending of previous year, an increase of 57.39%. Revenue for the quarter rose by 23.95% to Rs. 2512.81 million from Rs. 2027.27 million, when compared with the prior year period. Reported earnings per share of the company stood at Rs. 4.95 a share during the quarter as against Rs. 3.14 over previous year period. Profit before interest, depreciation and tax is Rs. 251.21 million as against Rs. 180.11 million in the corresponding period of the previous year."
OUTLOOK AND CONCLUSION
At the current market price of Rs. 120.00, the stock P/E ratio is at 8.55 x FY15E and 6.72 x FY16E respectively.
Earnings per share (EPS) of the company for the earnings for FY15E and FY16E are seen at Rs. 14.03 and Rs. 17.87 respectively.
Net Sales and PAT of the company are expected to grow at a CAGR of 16% and 31% over 2013 to 2016E respectively.
On the basis of EV/EBITDA, the stock trades at 5.22 x for FY15E and 4.69 x for FY16E.
Price to Book Value of the stock is expected to be at 1.03 x and 0.89 x respectively for FY15E and FY16E.
"We recommend 'BUY' in this particular scrip with a target price of Rs 135 for Medium to Long term investment", says Firstcall Research Report.
For all recommendations, 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.
To read the full report click here
Anda sedang membaca artikel tentang
Buy Prakash Steelage; target of Rs 135: Firstcall Research
Dengan url
http://berhentialkohol.blogspot.com/2014/12/buy-prakash-steelage-target-of-rs-135.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Buy Prakash Steelage; target of Rs 135: Firstcall Research
namun jangan lupa untuk meletakkan link
Buy Prakash Steelage; target of Rs 135: Firstcall Research
sebagai sumbernya
0 komentar:
Posting Komentar