Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
26 October, 2014 02:41 IST
News
`Buy` INEOS ABS; target Rs 733: Angel Broking
Source: IRIS Exclusive | 16 Feb, 2012, 10.32AM
Comments  |  Post Comment

Angel Broking has maintained `Buy` on INEOS ABS with a price target of Rs 733 in its report dated Feb. 16, 2012. The broking house gave the following rationale:

INEOS ABS reported its 4QCY11 numbers. Top line for the quarter was flat at Rs 2.11 billion yoy. Annual sales stood at Rs 8.26 billion, 7.7% lower than our estimates of  Rs 8.96 billion.

Operating margin for the quarter fell by 980 bps yoy from 16.4% to 6.4% mainly due to substantial increase in the raw material cost as percent of sales. Net profit stood at Rs 95 million, 56% lower yoy. Annual net profit came in at Rs 540 million, 22% lower than our estimates of Rs 690 million. As we roll over to CY2013E, we continue to maintain our Buy recommendation on the stock with the revised target price of Rs 733, based on PE of 15x for CY2013E. 
 
Click here to view full report

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.



Styrolution ABS (India) Limited   (Q,N,C,F)*


Live News
Cheerful start to Samvat 2071:Sensex ends 63 points higher; Nifty reclaims 8,000 - 23-Oct-2014 20:06
Unitil Corp third-quarter profit jumps - 23-Oct-2014 19:28
Mobile Mini third-quarter profit rises marginally - 23-Oct-2014 19:16
Zimmer Holdings third quarter earnings climb - 23-Oct-2014 19:15
Meredith Corp first-quarter profit rises - 23-Oct-2014 19:09
Celgene Corp third-quarter profit surges - 23-Oct-2014 19:03
Sonus Networks third-quarter loss widens - 23-Oct-2014 19:03
Northwestern Corp third-quarter profit almost doubles - 23-Oct-2014 18:57
Gatx Corp third-quarter earnings drop - 23-Oct-2014 18:52
Life Time Fitness third quarter profit stands flat - 23-Oct-2014 18:45
Carpenter Technology first-quarter earnings plunge - 23-Oct-2014 18:44
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   hphrpp into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer