Name: Latest research reports of Mayur Uniquoters Ltd. authored by Monarch Networth Capital Limited and published by - Trendlyne research reports.
Item: Mayur Uniquoters Ltd.
Rating: 5
Author: Monarch Networth Capital Limited

Mayur Uniquoters - Strong growth phase inbound

Buy: Mayur Uniquoters Ltd.

Monarch Networth Capital Limited

Valuation and risks: We expect Mayur's revenue/EBITDA/Adj PAT to grow at a CAGR of 20%/18%/19% over FY21-23E. We have marginally revised our estimates due to continued high RM pressure and lower PU sales given the current run rate. Owing to the operating leverage visibility, we maintain 18x P/E multiple and maintain our existing fair value at Rs610. Our DCF fair value base TP stands at Rs570 (Bull/Bear TP of Rs740/340). Risks include slower-than-expected recovery in global...