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  • Redington India

    We believe that Redington’s dominant position in distribution of IT and Mobility products across geographies, and wide distribution network are its key strengths. The India Enterprise business has not recovered post GST like the Products business and ...

    Buy Reco. Price: 84.00

  • Zensar Tech.

    We are positive on Zensar on account of its strategy to expand footprint in the digital solutions space (constitutes ~44% of Q2FY19 revenues). It has built strong capabilities in Digital/SMAC space, and are well infused in top-clients resulting in robust de...

    Buy Reco. Price: 259.00

  • Wipro

    Wipro’s revenue growth underperformed the IT sector over the past three years on account of some client specific issues and subdued environment in energy & utilities vertical (falling crude prices). Although it has built several capabilities in Di...

    Reduce Reco. Price: 329.00

  • Jindal Saw

    Jindal SAW Ltd is likely to see revenue CAGR of 6.7% over FY18-20E aided by rise in volumes supported by investment in industrial and gas distribution infrastructure. We expect PAT CAGR of 21.2% over FY18-20E with an EBITDA margin of 15.1% in FY20E. EBITDA ...

    Buy Reco. Price: 87.00

  • Ratnamani Metals

    Ratnamani Metals & Tubes would report a revenue CAGR of 17% over FY18-20E aided by (1) volume growth in steel pipe sales supported by spending on urban infrastructure (2) pricing to remain steady over medium term due to Anti-Dumping Duty on Chi...

    Buy Reco. Price: 821.00

  • PTC India

    PTC India would see revenue CAGR of 15% over FY18-20E aided by higher contribution of long term PPAs to power generation volumes over FY18-20E. We expect PAT CAGR of 15% over FY18-20E with an EBITDA margin of 8% in FY20E. The stock is currently trading at 4...

    Accumulate Reco. Price: 78.50

  • Reliance Power

    Reliance Power Ltd (RPL) is likely to report revenue CAGR of 1.5% over FY18-20E aided by addition of renewable power generation capacity. We expect PAT CAGR of 7.8% over FY18-20E with EBITDA margin of 42.8% in FY20E. The stock is currently trading at 8x FY2...

    Sell Reco. Price: 28.15

  • Prakash Inds.

    Prakash Industries is expected to report revenue CAGR of 3.5% over FY18-20E aided by (1) ~6% CAGR volume growth for steel products over FY18-20E, and (2) ~10% CAGR in volume growth for the PVC pipes segment. EBITDA margins are likely to reduce ~534bps over ...

    Reduce Reco. Price: 102.00

  • Mah. Seamless

    MSL is expected to report revenue CAGR of 14.7% over FY18-20E aided by (a) creation of pan-India gas pipeline network and (b) higher government spending on water transportation projects. Volumes are expected to grow at 14.7% CAGR over FY18-20E led by the el...

    Buy Reco. Price: 447.00