BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nirmal Bang maintains buy on Lakshmi Machine Works
Lakshmi Machine Works' Q4 earnings were broadly in line with our expectations on account of higher export revenues. Its EBITDA margin improved 170 basis points to 12.9 per cent against our estimates of 12.6 per cent. We value the stock at 19 times FY18 estimated earnings per shares of Rs 234. Revise target price on the stock to Rs 4,442 from Rs 4,688 earlier.