Fabulous Q2:
_Sumeet Industries Ltd_
Q2: FY17. FY16
Sales. 348. 289
PBT. 20.77. 5.13
PAT. 15.62. 4.76
EPS. 2.69. 0.82
For Q2, steep rise in profit margin as sales have risen 20.42%, But NP has jumped 228% to 15.69%. Coming quarters will be equally good or even better as new 4.8MW power plant has become operational.
We revise upwards our FY17 EPS estimate to Rs 8.50-9 and FY18 EPS est to Rs 12.
*Stock is still tdg @3xFY18Eeps, leaving scope for further rise
TP Rs 80 in 12 months
_Sumeet Industries Ltd_
Q2: FY17. FY16
Sales. 348. 289
PBT. 20.77. 5.13
PAT. 15.62. 4.76
EPS. 2.69. 0.82
For Q2, steep rise in profit margin as sales have risen 20.42%, But NP has jumped 228% to 15.69%. Coming quarters will be equally good or even better as new 4.8MW power plant has become operational.
We revise upwards our FY17 EPS estimate to Rs 8.50-9 and FY18 EPS est to Rs 12.
*Stock is still tdg @3xFY18Eeps, leaving scope for further rise
TP Rs 80 in 12 months
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