La Opala RG Ltd.

NSE: LAOPALA | BSE: 526947 | ISIN: INE059D01020 |Industry: Houseware
|Expensive Rocket
295.15 -6.50 (-2.15%)
NSE Sep 20, 2021 12:44 PM
Volume: 71,328

La Opala RG Ltd.    
09 Nov 2017
Centrum Broking
We downgrade the stock to Hold with TP of Rs550 (earlier TP Rs555) as we value the company on our conservative Adj. OCF/EV yield based methodology. While the revenue growth has bounced back in the quarter on the back of re-stocking and healthy festive season demand along with margin expansion, competitive intensity continues to remain high. Our channel check suggests that both Borosil and Cello have launched new designs in the market and continue to offer higher trade margins. Uncertainty regarding use of cash on books while valuations at 41x/31x...
La Opala RG Ltd. is trading above all available SMAs
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