BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Edelweiss maintains buy on Prabhat Dairy
Edelweiss has maintained "buy" rating on Prabhat Diary with a target price of Rs 144. We estimate Prabhat to clock revenue/net profit CAGR of 17/72 per cent over FY16-18, with adjusted pre-tax RoCE of 15.1 per cent in FY18. In light of robust earnings visibility and strong growth in the organised dairy space, we continue to value the stock at 18 times its FY18 estimated earnings per share.