NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
Fine Organic Industries Ltd.’s Q1 FY25 performance came broadly in line with our estimate on the back of volume led performance in the domestic market and a pick-up in USA.
As per our calculations, Ebitda/kg has normalised further to Rs 82, still far higher than the pre-Covid level.
While capacity constraints over the next two years are well known, the management’s intent to opt for debt, despite having Rs 9 billion as cash on the books, indicates much larger investment plans over the next three-four years.
Fine Organic remains our top “Buy” idea. Maintain Buy after rolling forward valuation to June-26E earnings and a revised target price of Rs 6,400 (37 times price-to-earning.)
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
JK Lakshmi Cement Q2 Results Review - Performance Lower Than Expectation: Nirmal Bang
Nov 11, 2024
Bajaj Finance Gets A 'Hold' Rating From Nirmal Bang After Its Q2 Results, Here's Why
Oct 24, 2024
Cement Q2 Results Preview - Quarter Impacted By Seasonality: Nirmal Bang
Oct 15, 2024
PVR-Inox Q2 Results Preview - Expect A Bounce Back As Content Connects With Audience: Nirmal Bang
Oct 08, 2024
POPULAR