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Prabhudas Lilladher Report
We expect our capital goods coverage universe to report healthy performance in Q4 FY24 owing to-
execution of robust opening order books,
continued traction in domestic market, and
strong demand in key export markets such as Middle East, Africa, Latin America, and Asia Pacific.
Overall, we expect revenue/Ebitda growth of ~15.4%/12.3% YoY (14.4%/10.5% YoY excluding -Larsen and Toubro Ltd.). European market outlook, order and enquiry pipeline, and Chinese competition will be key monitorables.
Our top picks are L&T, Triveni Turbine Ltd., Praj Industries Ltd., Grindwell Norton Ltd. and Carborundum Universal Ltd.
Click on the attachment to read the full report:
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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.
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