Profit

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

NSE
144.35
Change Change %
-5.50 -3.67%

Updated:18 Feb, 2019, 15:59 PM IST

BSE
145.10
Change Change %
-4.95 -3.30%

Updated:18 Feb, 2019, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Reliance Securities
N/A
04-09-2017 Buy 374.00 406.00
N/A
Target Hit Long (1Y)
04-09-2018

Reliance Securities maintains buy on MOIL

The company recently announced its 1QFY18 results wherein sales volumes increased by 21% YoY and 42% QoQ to 307,000 tonnes. While realisations contracted by 15% QoQ the same increased by 52% YoY to Rs9,628/tonne. This resulted in EBITDA/PAT increasing by 388%/107% YoY to Rs977mn. However, on a sequential basis due to fall in realisation, EBITDA & PAT were down 0.5%/15.6% QoQ respectively. Going forward, we expect strong cash flow generation to continue due to low capex. Net cash is slated to rise to Rs195/share ( around52% of current Mkt. Cap) by FY19E (post considering Rs8.63bn incurred towards share buy-back).

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