Monthly archives for September, 2022
| GREENPANEL INDUSTRIES has leadership position in the MDF market, improving balance sheet: BobCaps | |
| Company: | GREENPANEL INDUSTRIES |
| Brokerage: | BOB Capital |
| Date of report: | September 8, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 35% |
| Summary: | Despite a strong Q1FY23, stock performance has remained lacklustre owing to management’s “over-cautious” guidance. GREENP is trading at 17x FY24E EPS. We continue to value the stock at 23x FY24E EPS, a 34% discount to peer CPBI, and retain our TP of Rs 595 with a BUY rating. We like the company for its a leadership position in the MDF market, improving balance sheet and commendable improvement in working capital discipline and return ratios |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | BOB Capital Markets, GREENPANEL INDUSTRIES |
| Repco Home Finance: Business franchise is currently undervalued: ICICI Securities | |
| Company: | Repco Home Finance |
| Brokerage: | ICICI Securities |
| Date of report: | August 13, 2022 |
| Type of Report: | Result Update |
| Recommendation: | Buy |
| Upside Potential: | 100% |
| Summary: | Under the leadership of new MD & CEO, Mr. K. Swaminathan, growth strategy seems to be delivering the right results. Company’s business franchise is currently undervalued – the stock trades below its FY23E book and at 3.4x FY23E earnings, and is available at <0.1x AUM. Maintain BUY with an unchanged target price of Rs470, assigning 1.1x Sep’23E book value |
| Full Report: | Click here to view full post with link to download pdf file |
| Tags: | ICICI Securities, Repco Home Finance |