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 V-Guard Industries
V-Guard Industries' Q4 revenue growth was ahead of estimates. Gross margins improved sharply by 490 basis points on improved operating leverage and better product mix. The management expects strong growth momentum to continue and has guided for 15 per cent revenue growth. We increase our earnings estimate for V-Guard for FY17/FY18 by 25 and 21 per cent respectively.