Navkar Corporation Ltd Upside Potential: 83%

With expanded capacity, Navkar is likely to continue to gain market share in JN Port region on the back of execution of higher cargo orders and entry into new sectors. FY18 is likely to be a transformational year for Navkar Corp and it is likely to move to higher earning trajectory as it would be the first full year of operations after COP of new capacities. We expect container volumes, revenue and PAT to clock CAGR of 17%, 29.8% and 47.6% respectively between FY17-19E. We maintain our BUY rating on the stock with a target price of INR 310 based on 25x FY19E earnings.

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