Doms - Capex Plans On Track; Augurs Well For Strong Growth In FY25-26: ICICI Securities

"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..ICICI Securities Report.We remain positive on Doms Industries Ltd. due to its well-established competitive advantages of:strong brand,differentiated products andpresence across diverse business streams. Maintain Buy..Key risks: Steep increase in competitive pressures; raw material prices; and failure of key new product launches..We hosted institutional investors for Doms plant visit and senior management interaction at Umbergaon (Gujarat). Takeaways:Doms has reported strong revenue growth in all its segments that undertook capacity expansion in the past. With proposed 44- acre capacity addition, scholastic art material may drive strong growth for the company in FY25–26. Distribution network has high potential for expansion, which may drive revenue growth. Also, Doms has steadily expanded revenue/store indicating market share gains.It has developed a strong competitive advantage over peers due to its strategic tie-up with FILA. The company has registered strong growth since inception, largely attributable to its partnership-based approach. Partnerships with FILA, Microwood and Pioneer have done well over past decade and we model similar benefits from stake acquisition in Clapjoy and Skido.Doms has the least product concentration risk (best-selling stock keeping unit contributes <5% to total sales)..Click on the attachment to read the full report:.Jewelry Sector - Transcending Tradition; Adorning Fashion: Motilal Oswal's Thematic View.DISCLAIMERThis 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."

Doms - Capex Plans On Track; Augurs Well For Strong Growth In FY25-26: ICICI Securities

On DCF-based revised target price of Rs 2,280, implied P/E works out to 55 times FY26E EPS.

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Doms - Capex Plans On Track; Augurs Well For Strong Growth In FY25-26: ICICI Securities

On DCF-based revised target price of Rs 2,280, implied P/E works out to 55 times FY26E EPS.

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