Profit

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

NSE
520.00
Change Change %
-8.25 -1.56%

Updated:12 Nov, 2018, 14:59 PM IST

BSE
524.65
Change Change %
-2.50 -0.47%

Updated:12 Nov, 2018, 15:18 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nirmal Bang
N/A
23-05-2016 Buy 547.95 650.00
N/A
Target Hit Long (1Y)
23-05-2017

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.

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