Kalpataru Projects - Ticking The Right Boxes: Motilal Oswal

"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..Motilal Oswal Report.In our recent interaction, the management of Kalpataru Projects International Ltd. highlighted notable improvements in its domestic transmission and distribution prospect pipeline and inflows of large orders from the Middle East in the oil and gas sector. These factors provide long-term revenue visibility for Kalpataru Projects, with transmission, urban infra and oil and gas being key growth drivers.Factoring in inflows from the Middle East, we raise our FY26 estimates by 12%. Pledging by promoters as a percentage of total shares has come down to 12.8% in March 2024 from 17.5% in December 2023 and 26.6% in Q1 FY23, which we believe is resulting in valuation re-rating of Kalpataru Projects. .Our revised SoTP-based target price stands at Rs 1,200, taking into account core business valuation at a slightly higher multiple of 16 times Mar’26E earnings per share. We maintain Buy on Kalpataru Projects..Click on the attachment to read the full report:.NMDC - Volume Growth, Capacity Enhancement To Drive Next Leg Of Performance: Motilal Oswal.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."

Kalpataru Projects - Ticking The Right Boxes: Motilal Oswal

Large order wins in oil and gas segment to drive earnings growth

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Kalpataru Projects - Ticking The Right Boxes: Motilal Oswal

Large order wins in oil and gas segment to drive earnings growth

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