Motilal Oswal is bullish on Aegis Logistics has recommended buy rating on the stock with a target price of Rs 312 in its research report dated November 06, 2018.
Motilal Oswal's research report on Aegis Logistics
AGIS’ EBITDA increased 31% YoY (+3% QoQ) to INR887m, below our estimate of INR910m due to a weak performance of Liquid Terminal division. PAT declined 6% YoY (-5% QoQ) to INR489m, lower than our estimate of INR641m due to lower revenue from Liquid segment and higher-than-expected minority interest.
Outlook
AGIS trades at 22.2x FY20E EPS of INR9.8 and 13.4x FY20E EV/EBITDA. Maintain Buy.
For all recommendations report, click here
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