TTK Prestige Ltd.

NSE: TTKPRESTIG | BSE: 517506 | ISIN: INE690A01028 | Industry: Household Appliances
| Mid-range Performer
629.7500 -1.90 (-0.30%)
NSE Jul 11, 2025 15:31 PM
Volume: 48,835
 

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TTK Prestige Ltd.
24 Oct 2018
629.75
-0.30%

TTK Prestige

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 791.50 from 2 brokers.
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