Buy Kalpataru Power Transmission; target of Rs 552: Sharekhan

Sharekhan's research report on Kalpataru Power Transmission

Order book strengthens (2.2x TTM) with recent order wins and order inflow visibility in railways, oil & gas provides incremental opportunities. Introduced FY2021E numbers and expect revenue and earnings CAGR of 17% and 19%, respectively, over FY2018-FY2021E.

Outlook

We maintain Buy on the stock with a revised price target of Rs. 552 on a SoTP basis, factoring in healthy execution on a strong order backlog.

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Read More First Published on Mar 20, 2019 04:20 pm