Crompton Greaves - (CMP/TP: Rs. 129/Rs. 150) (Rating: Buy) - Angel Broking

For 3QFY2014, we project Crompton Greaves to report a double digit top-line growth of 11.0% yoy to Rs. 3,299cr as the company executes its robust order book. On the EBITDA front, the company's margin is expected to expand by an impressive 573bp yoy to 5.8% (albeit on a very low base due to productivity losses in 3QFY2013). Consequently, the company is expected to post a net profit of Rs. 79cr compared to a loss of Rs. 68cr in 3QFY2013. We recommend Buy on the stock with a target price of Rs. 150.

Source : Equity Bulls

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