Vaibhav Global Ltd Research Report By Nirmal Bang

Tagged: Nirmal Bang, Vaibhav Global

This topic has 0 replies, 1 voice, and was last updated 9 years, 3 months ago by Vidhi Khanna.

Viewing 1 post (of 1 total)

Author

Posts
August 7, 2015 at 2:26 pm #2285

Vidhi Khanna
Keymaster

Though we continue to like asset light business model of VGL which can generate high ROCE and free cash, we believe the stock can remain range bound in near future. We expect the company to realize the full benefit of its efforts from FY17 and believe it could return to double digit growth then. At CMP of Rs. 397, VGL is trading at a PE of 12.9x/10.6x on FY16E/FY17E expected earnings. At 15x FY17E earnings our target price comes to Rs. 493 per share. We recommend BUY.

Vaibhav Global Q1FY16
Author

Posts

Viewing 1 post (of 1 total)

You must be logged in to reply to this topic.