Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1495.30 Crore, up 25.74 % from last quarter Total Income of Rs 1189.24 Crore and up 24.80 % from last year same quarter Total Income of Rs 1198.12 Crore. Company reported net profit after tax of Rs 43.97 Crore in latest quarter.
The brokerage broadly maintains FY22-23E EBITDA, but raises FY22-23E PAT by ~25% owing to lower debt and raise target price to Rs150/sh (earlier: Rs120) based on unchanged 7x FY23EV/E. High ‘net debt to EBITDA’ ratio at >3x with higher exposure to volatile prices in South market remains key concern.
ICICI Securities has buy call on
AIA Engineering with a target price of Rs 2335. The current market price of AIA Engineering Ltd. is Rs 1906.
AIA Engineering Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 17970.86 Crore) operating in Engineering sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 883.41 Crore, up 18.09 % from last quarter Total Income of Rs 748.08 Crore and down -.31 % from last year same quarter. Total Income of Rs 886.15 Crore. Company reported net profit after tax of Rs 133.13 Crore in latest quarter.
Inventory days have reduced, which led to overall easing out of working capital. Easing of travel restriction will open up new client acquisition post the normalisation of covid scenario. Though near-term growth headwinds persist, given healthy cashflow, technical leadership and efficient low cost manufacturing capability, the brokerage maintains BUY with a revised tar
Motilal Oswal has buy call on
Endurance Technologies with a target price of Rs 1750. The current market price of Endurance Technologies Ltd. is Rs 1389.25.
Endurance Technologies Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 19675.92 Crore) operating in Auto Ancillaries sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2139.77 Crore, up 4.55 % from last quarter Total Income of Rs 2046.70 Crore and up 32.56 % from last year same quarter Total Income of Rs 1614.20 Crore. Company reported net profit after tax of Rs 187.29 Crore in latest quarter.
ENDU is the best proxy on the Indian 2W industry, with scope for an increase in content, led by technological changes and new products. Coupled with its knowledge of aluminum die-casting in the EU, the brokerage believes there is scope to increase contribution from the PV segment. The stock trades at 28.1x/22.5x FY22/FY23E consol. EPS. The br
The recent price rise is supported by strong volume of almost three times of the 50 weeks average volume of 14 lakhs share per week highlighting larger participation in the direction of trend