D P Abhushan Ltd. share price target and research reports

Name: Latest research reports of D P Abhushan Ltd. authored by Arihant Capital and published by - Trendlyne research reports.
Item: D P Abhushan Ltd.
Rating: 5
Author: Arihant Capital

Latest analyst research reports with target prices and PDF download for DPABHUSHAN, BSE:544161 D P Abhushan Ltd.

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D P Abhushan Ltd.

27 Oct 2020

927.90

-0.31%

D. P. Abhushan

Buy: D P Abhushan Ltd.

Target

Arihant Capital

D P Abhushan (DPAL) surprised positively on profitability front in H1FY21, led by sharp improvement in margins. However, revenue of the company de-grew by 37% YoY, largely due to Covid related lockdown which led shutdown of the stores. Company's practice of averaging gold price, kept material cost lower leading to gross margin expansion of 565 bps YoY to 13.9% during H1FY21. Consequently, EBITDA margin expanded sharply by 451 bps YoY to 8.7%. Profit during H1FY21 grew strongly by 53% YoY to Rs 103 mn. We maintain our Buy rating on the...

D P Abhushan has lost -40.57% in the last 6 Months

D P Abhushan Ltd.

03 Jul 2020

927.90

-0.31%

D. P. Abhushan

Buy: D P Abhushan Ltd.

Arihant Capital

Kataria family promoted D. P. Abhushan Ltd (DPAL) is engaged into the retail business of Gold and Diamond Jewellery & Ornaments. At present, company has four showrooms situated at various places from where it operates its Jewellery stores. Company has high growth potential in organised Indian jewellery sector backed by : 1) Strong Brand image; 2) Store Expansion plan 3) Improving gross margins due to better sales mix and lower cost of sales. We estimate DPAL to record PAT CAGR of 12% over the period of FY20-22E backed by improvement in gross...

D P Abhushan has lost -38.94% in the last 1 Year

Is D P Abhushan Ltd. worth buying?

52 Votes:

Buy 78.85%

Sell 15.38%

Hold 5.77%