Crompton Greaves - 4QFY2013 Result Preview - Angel Broking

For 4QFY2013, we project Crompton Greaves to report a modest top-line growth of 8% yoy to Rs. 3,324cr. On the EBITDA front, the company's margin is expected at 5.0%. Though we expect a modest revenue growth, however, due to stress on margins, we expect the company's PAT to fall by 19.8% yoy to Rs. 77cr.

We recommend Buy on the stock with a target price of Rs. 117 since we believe that company's margins have bottomed out and expect gradual improvement over next couple of years.

Source : Equity Bulls

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