JS Research has just released an update on its coverage of PABC stock. The research house has reiterated its Dec 24 target price to Rs. 95 per share.
The key points in the report are:
The research house reiterates a Buy rating for PABC (name of the company), with a target price of Rs. 95 per share, offering a potential upside of 46% from current levels. Despite some adjustments in earnings estimates for CY24E/CY25E due to weaker domestic sales, the outlook remains positive.
The research house maintains a positive outlook on PABC, anticipating a recovery in domestic sales and sustained export growth. The stock’s current price offers an attractive investment opportunity with strong upside potential.
Metric | CY23 Actual (Rs mn) | CY24 Forecast (Rs mn) | CY25 Forecast (Rs mn) |
---|---|---|---|
Sales | 19,736 | 22,757 | 29,470 |
Sales Growth | 39% | 15% | 30% |
Gross Margins | 40% | 35% | 32% |
PAT (Profit After Tax) | 5,018 | 5,254 | 6,305 |
EPS (Earnings Per Share) (Rs) | 13.90 | 14.55 | 17.46 |
EPS Growth | 86% | 5% | 20% |
DPS (Dividends Per Share) (Rs) | 3.50 | 7.00 | 7.50 |
P/E Ratio (x) | 3.60 | 4.48 | 3.74 |
Dividend Yield (D/Y) | 7% | 11% | 11% |
This table presents financial metrics for the company, including actuals for CY23 and forecasts for CY24 and CY25. Sales, profits, earnings per share (EPS), dividends per share (DPS), and other ratios such as gross margins and P/E ratios are detailed, providing insight into the company’s performance and expected growth trajectory.
Disclosure:
The information in this article is based on research by JS Research. All efforts have been made to ensure the data represented in this article is as per the research report. This report should not be considered investment advice. Readers are encouraged to consult a qualified financial advisor before making any investment decisions.
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