Name: Latest research reports of Emami Ltd. authored by Anand Rathi and published by - Trendlyne research reports.
Item: Emami Ltd.
Rating: 5
Author: Anand Rathi

Summary	Date	Stock	Author	LTP	Target	Price at reco (Change since reco%)	Upside(%)	Type	Report	Discuss
	10 Nov 2024	Emami	Anand Rathi	628.80	900.00	669.85 (-6.13%)	43.13	Buy	pdf post cache	Broker Report Q2 dragged by TMC transition, Bangladesh, but H2 outlook bright; Buy Anand Rathi With Rs8.9bn revenue (vs. the Street’s Rs9.1bn estimate) and EBITDA atRs2.5bn (Rs2.5bn), Emami’s Q2 was broadly in line with estimates. pdf Copy Link Share on Share on Share on Share on Alert
	10 Nov 2024	MRF	Anand Rathi	134650.00	160000.00	119354.30 (12.82%)	18.83	Buy	pdf post cache	Broker Report Margins to expand ahead, upgrading to a Buy Anand Rathi Broadly in line with our Rs9.7bn estimate, MRF’s Q2 EBITDA fell 14% y/y to Rs9.7bn. pdf Copy Link Share on Share on Share on Share on Alert
	10 Nov 2024	Greenlam Industries	Anand Rathi	207.04	801.00	555.85 (-62.75%)	Pre-Bonus/ Split	Buy	pdf post cache	Broker Report Good performance, eyes on plywood, particle boards; retaining a Buy Anand Rathi Greenlam’s Q2 revenue climbed 12.8% y/y to Rs6.8bn. The 52% gross margin was broadly the same. EBITDA rose 7.7% y/y to Rs 814m, while PAT was significantly down 11.6% y/y to Rs 345m. pdf Copy Link Share on Share on Share on Share on Alert
	07 Nov 2024	Greenply Industries	Anand Rathi Reco Target	285.15	375.00	361.15 (-21.04%)	31.51	Hold	pdf post cache	Broker Report Decent operational performance, one-offs impact PAT; reducing to a Hold Anand Rathi Greenply’s revenue/gross profit/EBITDA grew 12.8/12.3/19.2% y/y to Rs6.4bn/2.5bn/576m, though adj. PAT was 6.1% lower y/y at Rs176m. pdf Copy Link Share on Share on Share on Share on Alert
	07 Nov 2024	Page Industries	Anand Rathi	45205.00	48947.00	45064.10 (0.31%)	Target met	Hold	pdf post cache	Broker Report Better-than-expected performance; retaining a Hold Anand Rathi Page’s Q2 figures exceeded our estimates and consensus. The q/q better demand was aided by festivals at quarter-end, and a gradual rural recovery. pdf Copy Link Share on Share on Share on Share on Alert
	07 Nov 2024	Amara Raja Energy	Anand Rathi Reco Target	966.75	1490.00	1311.25 (-26.27%)	54.12	Hold	pdf post cache	Broker Report Greater potential; upgrading to a Hold Anand Rathi Belieing our Rs5bn estimate, Amara Raja’s Q2 standalone EBITDA grew 14% y/y to Rs4.4bn due to the lower-than-expected gross margin. pdf Copy Link Share on Share on Share on Share on Alert
	06 Nov 2024	Oil	Anand Rathi	409.20	644.00	525.10 (-22.07%)	57.38	Buy	pdf post cache	Broker Report Risk-reward favourable; upgrading to a Buy Anand Rathi Less downstream demand due to a maintenance shutdown kept Oil India’s Q2 operational results muted. Ahead, we expect strong volume growth in the oil & gas segment. pdf Copy Link Share on Share on Share on Share on Alert
	06 Nov 2024	Narayana Hrudayalaya	Anand Rathi	1774.40	1550.00	1249.60 (42.00%)	Target met	Buy	pdf post cache	Broker Report Near-term hiccups, but long-term outlook intact; upgrading to a Buy Anand Rathi Lagging the consensus and ARe, Narayana Hrudayalaya reported flat y/y Q2 EBITDA at Rs3.1bn on incremental cost incurred for the new Cayman unit. pdf Copy Link Share on Share on Share on Share on Alert
	05 Nov 2024	M M Forgings	Anand Rathi	342.80	720.00	487.55 (-29.69%)	110.04	Buy	pdf post cache	Broker Report Attractive valuation; retaining a Buy Anand Rathi Broadly in line with our Rs774m estimate, MM Forgings’ Q2 EBITDA grew a healthy 7% y/y to Rs769m. We reckon the domestic M&H CV volume uptrend would hold at a 5% CAGR over FY24-27. pdf Copy Link Share on Share on Share on Share on Alert
	05 Nov 2024	Voltas	Anand Rathi	1204.40	2018.00	1694.70 (-28.93%)	67.55	Buy	pdf post cache	Broker Report Strong show continues for the UCP segment; maintaining a Buy Anand Rathi Voltas’ UCP segment continued its strong performance, delivering 31% y/y revenue growth in Q2 and 56% y/y RAC volume growth in H1 FY25. pdf Copy Link Share on Share on Share on Share on Alert
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Anand Rathi Broker Research reports

Latest broker research reports from Anand Rathi buy, sell, hold, neutral recommendations along with share price targets forecast and upside.

Q2 dragged by TMC transition, Bangladesh, but H2 outlook bright; Buy

Margins to expand ahead, upgrading to a Buy

Good performance, eyes on plywood, particle boards; retaining a Buy

Decent operational performance, one-offs impact PAT; reducing to a Hold

Better-than-expected performance; retaining a Hold

Greater potential; upgrading to a Hold

Risk-reward favourable; upgrading to a Buy

Near-term hiccups, but long-term outlook intact; upgrading to a Buy

Attractive valuation; retaining a Buy

Strong show continues for the UCP segment; maintaining a Buy

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