Nano Nivesh Stock Research Reports On Emmbi Industries & Gandhi Special Tubes By ICICI Direct

With major capex behind it and increasing share of high margin VAP along with improving working capital cycle; we expect Emmbi to witness greater profitability going forward. The return ratios also expected to improve with FY18 RoE & RoCE expected at 18% & 19% respectively. We expect sales, PAT at Emmbi to grow at a CAGR of 18.2%, 31.5%, respectively, in FY16-18E. We value Emmbi at | 145, i.e. 14x P/E on FY18E EPS of Rs. 10.4 /share and maintain BUY rating on the stock.

IDirect_Emmbi Ind_Q4FY16

IDirect_GandhiSpecial_Q4FY16