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
Page Industries Ltd. has had a remarkable track record of revenue and earnings growth over the past decade. For the decade ending FY24E, Page Industries' sales/Ebitda/profit after tax are likely to post a 15%/14%/15% compound annual growth rate despite a challenging period.
Earnings growth was fueled by best-of-breed sales growth, coupled with reduced utilisation of the margin lever.
We model a gradual recovery with sales/Ebitda/PAT AGR of 14%/17%/18% over FY24-26E.
The industry is likely to continue facing demand-led headwinds in the near term. Additionally, it will be crucial to monitor the channel inventory optimization. Though efficient cost-control measure is a positive sign, earnings outlook is still uncertain.
We reiterate our Neutral rating on the stock with a target price of Rs 36,500 (premised on 50 times March-26E earnings per share).
Click on the attachment to read the full report:
DISCLAIMER
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.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
