BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
Nomura initiates Amtek Auto with buy
Past not so good past, but company on right track for better future. Expect 27 per cent revenue CAGR & 39 per cent earnings per share CAGR over next 3 years. Free cash flow yields of 14 per cent and 30 per cent in FY15 & FY16. Expect debt/equity to come down to 1.3:1 from 2:1 by FY16. Stock trading at nearly 4.5 times FY15 price earnings and 0.5 times price book ratio.