Prabhat Dairy Ltd. share price target and research reports

Name: Latest research reports of Prabhat Dairy Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Prabhat Dairy Ltd.
Rating: 5
Author: ICICI Securities Limited

Latest analyst research reports with target prices and PDF download for PRABHAT, BSE:539351 Prabhat Dairy Ltd.

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Prabhat Dairy Ltd.

23 Jan 2019

Prabhat Dairy

Not Rated: Prabhat Dairy Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Prabhat Dairy is selling its milk processing business, which generates around 98.24% of total consolidated revenue of the company, to French group Lactalis' Indian arm Tirumala Milk Products for | 1,700 crore. After selling its core dairy business, the company intends to further develop its cattle feed business and expand into allied businesses such as animal nutrition and animal genetics, which forms the remaining ~1.76% of its...

Prabhat Dairy Ltd.

15 Nov 2018

Prabhat Dairy

Buy: Prabhat Dairy Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Led by volume growth of 26% YoY, net sales for the quarter rose 8.5% YoY to | 418.4 crore, partly offset by 17% YoY decline in milk prices. Robust volume growth during the quarter was driven by increased sale of pouch milk, ghee, cheese, curd and paneer Gross margins improved 141 bps as milk prices declined substantially during the quarter mainly due to lower global skimmed milk powder (SMP) prices. EBITDA margins saw an improvement of...

Prabhat Dairy Ltd.

17 Aug 2018

Prabhat Dairy Ltd. - Q1FY19 Result Update - Growth well on track

Buy: Prabhat Dairy Ltd.

Target

Religare

Prabhat Dairy Ltd (PDL) reported healthy set of numbers for Q1FY19, in line with our expectation. Its revenue grew by 7.3% yoy on back of strong volume growth across various products. Its EBITDA and PAT grew by 14.5% and 90.1% yoy, respectively driven by lower input cost, lower interest and tax expense. Further both EBITDA and PAT margins improved by 53 bps and 125 bps yoy.

Prabhat Dairy Ltd.

14 Aug 2018

Prabhat Dairy

Buy: Prabhat Dairy Ltd.

Target

ICICI Securities Limited

Net sales for the quarter rose 7.3% to | 385.7 crore (I-direct estimate | 408.4 crore) on account of strong volume growth, partly offset by 23.7% YoY decline in milk prices. The company posted 36% volume growth during the quarter, largely driven by increased sale of pouch milk, ghee, cheese, curd and paneer Gross margins improved 194 bps as milk prices declined substantially during the quarter mainly due to lower global skimmed milk powder (SMP) prices. However, an increase in overhead...

Prabhat Dairy Ltd.

24 May 2018

Prabhat Dairy Ltd. - Q4FY18 Result Update - Results on track, Value added products will drive growth

Buy: Prabhat Dairy Ltd.

Religare

Prabhat Dairy Ltd (PDL) reported healthy set of numbers in line with our expectation. In Q4FY18, its revenue grew by 7.4% yoy on back of volume growth across various products. Its EBIDTA grew by 34.8% and the company reported profit of Rs 17.6 cr as against loss in Q4FY17.

Prabhat Dairy Ltd.

21 May 2018

Prabhat Dairy's (Prabhat) consolidated revenue grew by 7%, 4% below expectations. EBITDA...

Buy: Prabhat Dairy Ltd.

Target

Emkay

Gross margin expanded by 450bps due to lower milk prices (down 25%) and better product mix. However, EBITDA margin expanded by 200bps due to higher other expenditure (up 38%). The management continues to focus on increasing contribution from the B2C business with distribution expansion and new product launches. The company has launched exclusive branded outlets in tier II & III cities to create brand awareness and improve distribution. Over FY18-20, we expect revenue to grow at 13% CAGR, margin to expand by 120bps and ROCE improvement owing to better capacity utilization. We value Prabhat at 20x FY20E earnings with Target Price of Rs200. Maintain Accumulate....

Prabhat Dairy Ltd.

21 May 2018

Prabhat Dairy

Buy: Prabhat Dairy Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Net sales for the quarter rose 7% to | 404.9 crore (I-direct estimate | 425.5 crore) due to strong volume growth & decline of 25.5% YoY in milk prices. It posted 30% volume growth during the quarter, largely driven by increased sale of pouch milk, cheese and curd Gross margins improved 453 bps as milk prices declined substantially during the quarter mainly due to lower global skimmed milk powder (SMP) prices. However, increase in overhead expenditure (manpower...

Prabhat Dairy Ltd.

02 May 2018

Religare Investment Call - Prabhat Dairy Ltd.

Buy: Prabhat Dairy Ltd.

Religare

Prabhat Dairy Ltd (PDL) incorporated in 1988, as a specialty dairy ingredient company and has now emerged as an integrated milk and dairy products company in India. It caters to both institutional as well as retail customers.

Prabhat Dairy Ltd.

14 Feb 2018

Prabhat Dairy

Buy: Prabhat Dairy Ltd.

Target

ICICI Securities Limited

Net sales for the quarter were flat at | 403.9 crore (I-direct estimate: | 449.7 crore) mainly on the back of 14% decline in milk price. The company reported volume growth of ~15% in the quarter. Gross margins improved 380 bps as milk prices declined substantially mainly due to lower global skimmed milk powder (SMP) prices. Milk procurement prices for the company were ~| 23/litre vs. ~| 26/litre in the corresponding quarter. However, overhead expenditure to...

Is Prabhat Dairy Ltd. worth buying?

46 Votes:

Buy 76.09%

Sell 15.22%

Hold 8.7%