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30 Nov 2015
|
McNally Bharat
|
Karvy
|
3.27
|
112.00
|
95.20
(-96.57%)
|
Target met |
Buy
|
|
|
Margin expansion promises encouraging outlook: Despite registering muted revenue growth and slight increase in CoGS, MBEL managed to register an EBITDA margin of 2.5% for FY15. Going forward, on account of healthy revenue growth aided by revival in the economy further supported by stable CoGS & employee costs, we believe EBITDA & EBIT margins to expand by 580 bps each to reach 8.3% & 6.4% respectively by FY17E. Also PAT margin is expected to enter into positive territory resulting in an EPS of Rs. 2.6 in FY17E.
|
|
17 Dec 2012
|
McNally Bharat
|
ICICI Securities Limited
|
3.27
|
128.00
|
|
|
Buy
|
|
|
|