Name: Latest research reports of TTK Prestige Ltd. authored by JM Financial and published by - Trendlyne research reports.
Item: TTK Prestige Ltd.
Rating: 5
Author: JM Financial

TTK Prestige Ltd.

NSE: TTKPRESTIG | BSE: 517506 | ISIN: INE690A01028 | Industry: Household Appliances
| Expensive Underperformer

617.6000 0.95 (0.15%)

NSE Mar 21, 2025 15:31 PM

New 52W Low in past week

Volume: 52,437

TTK Prestige Ltd.

24 Oct 2018

617.60

0.15%

TTK Prestige

Buy: TTK Prestige Ltd.

JM Financial

TTK Prestige (TTK) reported another steady quarter with revenue/EBITDA/adj. net income growth of 7%/6%/10% YoY despite a) Kerala floods (INR 150mn impact on sales) and b) high base (GST restocking). The company hopes to sustain the current growth momentum with a 14% EBITDA margin trajectory on the back of distribution expansion (deeper rural penetration) and product expansion (cleaning solutions, water purifiers, etc.). We appreciate the improved growth momentum (especially cookers led by the Ujjwala scheme); the recent correction in the stock provides an attractive price point for entry/addition, in our view. We introduce FY21 forecasts and roll forward with an SOTP-based Sep'19 TP of INR 7100 and...

TTK Prestige Ltd. has an average target of 901.00 from 2 brokers.