- This topic has 0 replies, 1 voice, and was last updated 9 years, 5 months ago by .
Viewing 1 post (of 1 total)
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.
StocksDB › StocksDB › Hawk-Eye On The Stock Markets › Somany Ceramics Ltd Research Report By Karvy
Tagged: Karvy, Somany Ceramics
Somany is expected to post CAGR growth of 18% for the period FY14-17E on the back of capacity addition and better product mix. EBITDA margins likely to expand by 46 bps to 7.13% in FY17E. RoE is expected to increase to 22.48% by FY17E. At CMP of Rs.371, stock is trading at 17.8x FY17E EPS of 20.81. We value the company at 21x which is the two year average PE multiple of FY17E EPS and recommend a “BUY” rating for target price of Rs. 437, representing an upside of 18% for the holding period of 9 – 12 months.
EvoLve theme by Theme4Press • Powered by WordPress & Rakesh Jhunjhunwala Stock Broker Research Reports
Download The Best Broker Research Reports On The Best Stocks