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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2015-11-30||McNally Bharat Engin.. +||Karvy||95.20||112.00||95.20 (-88.50%)||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.
|2012-12-17||McNally Bharat Engin.. +||ICICI Securities Limited||128.00||Buy|