Posts tagged Anand Rathi
Buy Apcotex Industries, A niche player in synthetic latex & rubber products: Anand Rathi | |
Company: | Apcotex Industries Ltd |
Brokerage: | Anand Rathi |
Date of report: | June 6, 2022 |
Type of Report: | Initiating Coverage |
Recommendation: | Buy |
Upside Potential: | 22% |
Summary: | Apcotex’s strong technology & management, extensive experience , and high-profile clientele have aided it in building major entry barriers for potential competitors and new entrants. As a result, it has a significant market share in each of the industrial verticals in which it operates. Moreover, upcoming and ongoing new capacity additions, growing export demand for NBR related products (Nitrile & XNBR latex etc.) and improving domestic demand in underlying industries like paper, carpets, construction etc, is expected to drive further growth for the company. We expect Apcotex’s Revenue/EBITDA/PAT to grow at a CAGR of 18%/21%/16% respectively by FY24 with margins being relatively stable. We initiate our coverage on Apcotex Industries Limited (APCOTEXIND)with a BUY rating and a target price of ₹772 per share |
Full Report: | Click here to view full post with link to download pdf file |
Tags: | Apcotex Industries Ltd |
Majesco Research Report By Anand Rathi | |
Company: | Majesco |
Brokerage: | Anand Rathi |
Date of report: | August 11, 2016 |
Type of Report: | Result Update |
Recommendation: | Buy |
Upside Potential: | 50% |
Summary: | Soft quarter, profitability improving; retaining our Buy |
Full Report: | Click here to view full post with link to download pdf file |
Tags: | Majesco |