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07 May 2018
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Rubfila Intl
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Choice India
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84.78
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78.50
(8.00%)
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Buy
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During the quarter, the company reported a 11.6% Y-o-Y rise in the operating revenue to Rs. 454.4mn. This was mainly due to the new production line which started its operation from March & August 2017. Operating expenditure increased at a high pace of 14% as compared to topline, as a result EBITDA decreased by 5.8% Y-o-Y to Rs. 46.7mn. EBITDA margin contracted by around 141 bps to 12.49% in Q3 FY18. This was mainly...
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02 Jan 2018
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Rubfila Intl
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Choice India
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84.78
|
115.00
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87.00
(-2.55%)
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Buy
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We expect that the company will have an impetus leading to strong growth in the medium to long term on account of being the only company to produce both Talc Coated Rubber Thread (TCR) as well as Silicon Coated Rubber Thread (SCR) and fine grade of Eco-friendly water based adhesives. On our valuation front, at CMP 85.2 , the company is trading at a P/E multiple of 16.8x and a EV/EBITDA multiple of 11.2x which is at a discount as compared to the industry P/E and to industry EV/EBITDA of multiple of 27.3x and 20.6x respectively and at a premium as compared to P/BV which is at 3.7x while the industry is trading at 2.9x The company has an upside...
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