BSE Code: | NSE Code: | ISIN: | Sector:

NSE
61.80
Change Change %
0.60 0.98%

Updated:23 Oct, 2017, 15:53 PM IST

BSE
61.95
Change Change %
0.75 1.23%

Updated:23 Oct, 2017, 15:41 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
IIFL
N/A
27-09-2017 Buy 53.65 74.00
N/A
Open Long (1Y)
27-09-2018

IIFL maintains initiates Genus Power Infrastructure with buy

The company is expected to witness an operating profit CAGR of 28.7 per cent over FY17-FY19E. Finance costs are expected to decline with marginal decrease in gross debt and lower interest costs. However, higher tax rate and lower other income would curtail the growth in net profit to 29.7 per cent CAGR over the same period. Other income in FY18 would be lower compared to FY17, as in FY17 other income included forex gains of Rs 4 crore. The company could stay under MAT over the next 5-7 years. We believe valuations are attractive at 11.2x FY19E P/E with earnings CAGR of 27.9% over FY17-19.

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