Dolat Capital recommended accumulate rating on Kalpataru Power Transmission with a target price of Rs 530 in its research report dated May 10, 2019.
Dolat Capital's research report on Kalpataru Power Transmission
Q4, showed strong performance, with decent order inflow in Q4FY19 as well as full year FY19. Management is confident on achieving 15-20% growth in revenues and 11-12% EBITDA margins for FY20. We remain positive on stock and increase our FY20 sales/EBITDA/PAT estimate by 5%/12%/5% to factor into increased growth guidance given by the company. Monetization of transmission assets has helped improve its balance sheet.
Outlook
We maintain our Accumulate rating for the stock with a SOTP based TP of ` 530.
For all recommendations report, click here
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