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
Data Patterns India Ltd. has delivered COMINT & ELINT systems and self-protection suits for land, mobile and fighter reconnaissance aircraft and aerostats, which have huge potential. The company expects orders for these platforms in the coming years.
During FY24E-FY26E, we expect revenue/Ebitda/profit after tax compound annual growth rate of 24%/23%/23%. The stock has rallied by 7% since our initiating coverage report on the Defence sector (April 05, 2024) and is currently trading at 58.6 times on FY26E EPS.
We have maintained “Accumulate" on Data Patterns with a target price of Rs 3,181, valuing it at 62 times June-26E EPS (+1SD above the long-term average).
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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
