SML ISUZU Ltd Research Report By Karvy

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June 30, 2015 at 10:24 am #2135

Vidhi Khanna
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At CMP of Rs. 1127, the stock is trading at 36.1x of its FY17E EPS. We value the company at 41x P/E for a target price of Rs 1280, representing an upside of 13.5%. Even though the overall company’s performance and industry prospects look quite appealing, the company still has to substantiate the new capex program with meticulous execution and the share price in the market seems to have factored in most of the benefits. Therefore we recommend “HOLD” on the stock as the company is at the beginning of its new venture.

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