Manpasand Beverages Ltd. share price target and research reports

Name: Latest research reports of Manpasand Beverages Ltd. authored by Systematix Group and published by - Trendlyne research reports.
Item: Manpasand Beverages Ltd.
Rating: 5
Author: Systematix Group

Latest analyst research reports with target prices and PDF download for MANPASAND, BSE:539207 Manpasand Beverages Ltd.

Manpasand Beverages Ltd.

14 Feb 2017

Manpasand Beverages Ltd.- Stock Idea

Buy: Manpasand Beverages Ltd.

Systematix Group

Manpasand Beverages Ltd (MBL) has the distinction of being the only listed player in the beverages segment in India. Having entered the beverages market through its flagship product Mango Sip, a mango based fruit drink, increasing consumer preference for healthier drinks has prompted MBL to extend its product portfolio under four new brands Fruits Up, Manpasand ORS, Pure Sip and Coco Sip. MBL plans to expand it capacities by 1.13x over FY16-18E from 177500 cases per day in FY16 to 377500 cases per day in FY18E by setting 4 new plants with each having a production capacity of 50,000 cases per day with a CAPEX outlay of 500 crs raised through the QIP process. With this QIP, MBL has become a...

Manpasand Beverages Ltd.

07 Feb 2017

Result Update Q3FY17- Manpasand Beverages

Buy: Manpasand Beverages Ltd.

Religare

India's leading fruit juice player, Manpasand Beverages reported below than expected revenue due to currency ban but profit growth surprised positively. Net sales increased by 13.9%, while Net profit surged by 49.1% on YoY basis. With doubling of capacity in the next 12-18 months, entry in new markets and launch of new brands, we expect the company to post healthy growth in the coming years, and thus maintain Buy.

Manpasand Beverages Ltd.

10 Jan 2017

Manpasand Beverages Ltd: Strengthening Presence with Brands ... (Jan 10, 2017)

Buy: Manpasand Beverages Ltd.

Karvy

Strengthening Presence with Brands such as Mango Sip & Fruits Up: Diversifying portfolio - Taking the edge off seasonality risk: The company generates 70% of its total revenue in 1st and 4th quarters due to seasonality of mango-based fruit drinks such as flagship brand Mango Sip. Fruits Up and Coco Sip being sold throughout the year would help MANB take the edge off seasonality risk. Capacities for fruit drinks are substitutable.

Manpasand Beverages Ltd.

11 Aug 2016, 12:00AM

Manpasand Bev erages: Stellar growth, focus on branding through adver

Buy: Manpasand Beverages Ltd.

Motilal Oswal

Stellar growth, focus on branding through advertisements Revenue in line, but EBITDA margins below estimates: Manpasand Beverages' (MANB) 1QFY17 revenues grew a stellar 58% YoY to INR2,293m (est. of INR2,246m) (revenue net of excise duty). Revenue of Mango SIP grew 47% YoY, while that of Fruits Up grew a robust 120% YoY. Revenue mix for Mango SIP, Fruits Up and others (incl. ORS and Coco SIP) stood at 77:22:1 v/s 84:16:0 in 1QFY16. Revenues also included contribution of ~INR120m from Modern Trade, which was absent in the base quarter. EBITDA margin declined 360bp to...

Manpasand Beverages Ltd.

25 Jul 2016

Manpasand Beverages: Product launches, capacity expansion to support

Buy: Manpasand Beverages Ltd.

Motilal Oswal

Manpasand Beverages Ltd.

24 Jun 2016

Manpasand Beverages (MANB) is leading player in beverages segment thr

Buy: Manpasand Beverages Ltd.

Motilal Oswal

Manpasand Beverages Limited - MANPASAND is leading player in beverages segment through its flagship product Mango Sip, a mango-based fruit drink launched in 1997. The product contributed 80% to revenues in FY16 (97% in FY14). To diversify the portfolio, MANB launched Fruits Up in FY15, a premium fruit drink (Carbonated and non-carbonated) in mango, litchi, guava, apple, orange and mixed fruit flavors. It recently launched its natural coconut water through brand Coco Sip in May 2016. In 2015, it raised INR 4b through IPO to set up a manufacturing facility in Haryana (INR.1.5b), modernization of existing plants and repay the entire long-term debt (INR1b).Motilal Oswal initiate coverage with a 'Buy' with TP of INR750 (~44% upside).

Trendlyne has 1 report on MANPASAND updated in the last year from 1 broker with an average target of Rs 750.

Is Manpasand Beverages Ltd. worth buying?

280 Votes:

Buy 71.43%

Sell 18.57%

Hold 10.0%