TTK Prestige Ltd.

NSE: TTKPRESTIG | BSE: 517506 | ISIN: INE690A01010 |Industry: Houseware
|Expensive Performer
6115.55 -147.05 (-2.35%)
NSE Jan 15, 2021 15:31 PM
Volume: 5,819
 

TTK Prestige Ltd.    
24 Oct 2018
6115.55
-2.35%
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...
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TTK Prestige Ltd. has an average target of 6641.00 from 4 brokers.
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