119.35 -0.30 (-0.25%)
NSEJan 15, 2021 03:31 PM
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2019-12-13||R Systems Internatio.. +||Nirmal Bang||61.30||61.30 (94.70%)||Not Rated|
We interacted with the management of R System International Ltd recently. Here are the key highlights:?Going ahead, management expects dollar revenue growth of 11-12% for CY19 and 12-13% for CY20. Management indicates that Ebitda margins for Q4CY19 is likely to come in at 9 -10% vs 7.8% in Q3CY19, thereby ending the year in the range of 8.6-9%. Ebitda margin for CY20 is further likely to see an improvement of 200-300bps, according to management.At CMP, the share is trading at EV/Ebitda of 8.5x and PE of 12.1x TTM Q3CY19 EPS