3070.5000 -4.40 (-0.14%)
NSE Sep 22, 2025 13:44 PM
Volume: 44,179
 

3070.50
-0.14%
Yes Securities
Growing share via value added offerings; Retain 'BUY': We retain FY22 volumeestimatesat296kMTassumingi)Increaseinannualgrindingmediavolumes by2025kMTonanormalizedbaseofFY20,ii)Approx.10kMTcontributionfrommill lining solutions & ~70bps margin expansion over FY2022 led by benefits of INR depreciation (~75% exports), launch of relatively high margin value added mill lining solutions & operating leverage play. The stock is currently trading at 24x FY22E earnings. It deserves premium multiple due to strong business MOAT. We remain optimisticonthebusinessprospectswithadjustedROE(excash)of28%byFY22E,...
AIA Engineering Ltd. has lost -28.51% in the last 1 Year
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