Talbros Automotive Parts share worth: Kotak Securities maintains purchase on Talbros Automotive Parts, goal Rs 177


Kotak Securities has maintained purchase score on Talbros Automotive Parts in the long run with a goal worth of Rs 177. The inventory ended up 1.1% at Rs 107.35 on Monday whereas the BSE Sensex closed 141.33 down at 37,531.98. The fairness and cash markets had been closed on Tuesday on account of Dusshera pageant.

Firm Financials

For the quarter ended 30-06-2019, the corporate has reported consolidated gross sales of Rs 107.48 crore, up 1.17 % from final quarter gross sales of Rs 106.24 crore and down -12.74% from final 12 months identical quarter gross sales of Rs 123.18 crore. The corporate has reported web revenue after tax of Rs 2.63 crore within the newest quarter.


Funding Rationale

In FY20, the brokerage expects the corporate’s efficiency to be weak amid vital slowdown in vehicle demand. From April-August 2019, two wheeler, passenger car and business car YoY manufacturing is down by 11%, 16%, and 23% respectively, stated Kotak Securities. At the moment the inventory is buying and selling at a PE of 6.6 occasions on FY20 estimated earnings and 4.7 occasions on FY21 estimated earnings.





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