D
DOLLAR
401234567891012345678950123456789.7012345678950123456789
+1.55 (+0.37%)
NSE Volume
83.6K+
Broker Reports
ADD
The company is in process of strengthening its internal systems and improving distribution which will take long time in yielding meaningful results. Further, worsening of working capital cycle due to continued liquidity challenges and payment issues from its channel partner are cause of concern. We have cut our EPS estimates for FY20E and FY21E factoring in decline in volume, lower margins and higher working capital. The stock is trading at PE of 15.6x and 13.3x based on FY20E and FY21E revised EPS of Rs 10.7 (Vs Rs 15.2) and 12.6 (Vs Rs 17), respectively. We maintain ADD on the stock with revised target price of Rs 176 (Vs Rs 255 earlier), valuing the stock at 14x (Vs 15x earlier), factoring in increased challenges in the business.
ADD
We have cut our EPS estimates for FY20E and FY21E by 7% and 9% respectively factoring in slowdown in H1FY20. The stock is trading at PE of 15.5x and 13.9x on FY20E and FY21E revised EPS of Rs 13.3 (vs Rs 14.3 earlier) and 14.8 (Vs Rs 16.3 earlier), respectively. We maintain ADD rating on the stock with revised target price of Rs 223 (Vs Rs 293 earlier), valuing the stock at 15x FY21E (vs 18x FY21E earlier). We have factored in risk related to slowdown in earnings growth due to consolidation in business and increased macroeconomic challenges.
ADD
The company is in process of strengthening its internal systems and improving distribution of high value brands. We have cut our EPS estimates for FY20E by 8.7% and introduced estimates for FY21E. The stock is trading at PE of 18.2x and 15.9x on FY20E and FY21E EPS of Rs 14.3 and Rs 16.3, respectively. We downgrade our rating to ADD (Vs Buy) with revised target price of Rs 293 (Vs Rs 344 earlier), valuing the stock at 18x FY21E (vs 23x FY20E earlier), as well roll forward our valuation to FY21E. We have factored in risk related to slowdown in earnings growth due to consolidation in business and increased macroeconomic challenges.
BUY
The company is in process of strengthening its internal systems and improving distribution of high value brands. We have marginally revised our EPS estimates for FY19E & FY20E. The stock is trading at PE of 22.7x and 19.1x on FY19E and FY20E EPS of Rs 12.6 and Rs 14.9, respectively. We maintain our Buy rating on the stock with revised target price of Rs 344 (Vs Rs 390 earlier) valuing at 23x FY20E (vs 25x earlier) based on near term growth challenges due to ongoing business transformation exercise.
BUY
BUY
BUY
BUY
BUY
BUY
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