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

NSE
277.80
Change Change %
-2.05 -0.73%

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

BSE
276.05
Change Change %
-4.45 -1.59%

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
Edelweiss
N/A
17-08-2017 Buy 271.25 388.00
N/A
Open Long (1Y)
17-08-2018

Edelweiss maintains buy on Sadbhav Engineering

Sadbhav Engineering's (SEL) top line grew 17% YoY in Q1FY18 driven by commencement of work on hybrid annuity (HAM) projects and pick up in execution on EPC projects. While interest cost catapulted 87% YoY, MAT credit led to PAT jumping 14% YoY to INR555mn. Traffic on BOT projects grew around 2% YoY. While we envisage execution of HAM projects to boost FY18 top line, order inflows remain critical to improve revenue visibility (book-to-bill at 2.4x) and will determine stock performance. Maintain 'BUY' with SOTP-based target price of INR388. 

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