Profit

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

NSE
1495.05
Change Change %
6.80 0.46%

Updated:16 Nov, 2018, 14:24 PM IST

BSE
1499.90
Change Change %
5.25 0.35%

Updated:16 Nov, 2018, 14:52 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Edelweiss
N/A
20-07-2017 Hold 1926.65 2068.00
N/A
Closed Long (1Y)
20-07-2018

Edelweiss maintains hold on Crisil

CRISIL's 8.6% YoY revenue and 13.4% EBITDA growth in Q2CY17 came below estimates due to miss in research segment. Key highlights were: (1) research revenue growth slackened to 9% (14% in Q1CY17) impacted adversely by appreciating INR; (2) ratings revenue grew 5.7% YoY (4.3% in Q1CY17) led by large corporate ratings, whereas SME declined post reduction in NSIC subsidy; and (3) overall EBITDA margin expanded 107bps to 25.4% on account of downsizing in SME segment. Despite improving bond outlook, CRISIL is cautious on short-term credit growth and SME segment's prospects due to cut in NSIC subsidy. On account of expensive valuations maintain 'HOLD' using DCF with TP of INR2,068.

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