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 Timken India
Timken India's Q4 revenue growth was below estimates but margin expansion was a surprise. Its EBITDA grew 58 per cent on the back of 472 basis points expansion in EBITDA margin. Its revenue and net profit are expected to grow at a CAGR of 16 per cent and 17 per cent respectively over FY15-18. The company has better revenue visibility and growth coupled with superior margin profile.