Unless investors wish to give a significantly higher multiple for a long-term RoE potential (over 5 years), we expect the stock to see a suppressed multiple range of ~1-1.5x in the interim, leading to our TP of Rs 197, impl
evenues at top 5, top 6-10, top 11-20 and non-top-20 clients increased by 15.3%, 24.2%, 24.6% and 24.1% respectively in 9MFY19. Likewise, execution has been strong across all its key strategic imperatives.
Acquisition of 14.6-mnte cements assets of CENT likely to be consummated by Q1FY20: Management sees potential to improve Ebitda/te of the said assets by `300-400/te largely through re-branding (existing price gap of `10-15/ba
The company’s strategy is to expedite the execution, thereby improving the overall margins due to early completion. Adjusted for drop in HVDC contribution in revenue, the overall sales were flat at `11 bn in the third quart
KJC reported impressive Q3 numbers – strong volume growth and firm margins q-o-q – despite a tough economic environment. The numbers were in-line with our estimates but demonstrated a significant beat over consensus.