The Economic Times daily newspaper is available online now.

    Add La Opala RG, target price Rs 442: Centrum Broking

    Synopsis

    La Opala RG Ltd. key Products/Revenue Segments include Glass & Glassware, Export Incentives, Scrap and Electricity for the year ending 31-Mar-2021.

    buyAgencies
    Promoters held 65.64 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.28 per cent, DIIs 15.03 per cent.
    Centrum Broking has add call on La Opala RG with a target price of Rs 442. The current market price of La Opala RG Ltd. is Rs 354.45. La Opala RG Ltd., incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 3913.86 Crore) operating in Glass sector.

    La Opala RG Ltd. key Products/Revenue Segments include Glass & Glassware, Export Incentives, Scrap and Electricity for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 82.96 Crore, down -11.97 % from last quarter Total Income of Rs 94.25 Crore and up 121.87 % from last year same quarter Total Income of Rs 37.39 Crore. Company reported net profit after tax of Rs 20.08 Crore in latest quarter.


    Investment Rationale
    The brokerage values the stock at 35x FY24E, which is at 10% premium to average of 5-yr PE (FY17-22). Based on it, it arrives at a target price of Rs 442

    Promoter/FII Holdings
    Promoters held 65.64 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.28 per cent, DIIs 15.03 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in