*Kaveri Seed Company Ltd.*

_Sharply improved results_

Net Sales came at Rs. 67.8 Cr vs YoY Rs. 66.3 Cr

EBIDTA came at Rs. 3.4 Cr vs YoY Rs. -44.6 Cr

EBITDA Margin came at 5%, vs YoY -67.3%

PAT came at Rs. 7.7 Cr vs YoY Rs. -48.2 Cr

Despite excellent nos, stock was hammered down yesterday due to aggressive selling by DII.

Some brokerage houses estimating FY17 NP at 140cr. However denofwealth is confident that *FY17 NP will be 200+crores* ( as per our interaction, Q3 and Q4 will be far better YoY)
FY18 NP can be 240+cr

_Stock is trading @ 13.45xFY17Eeps and 11xFY18Eeps_

Strong upside possible
Investors may add more who bought earlier at higher price on our recommendation.