Century Plyboards India (Q1FY24): Weak Performance in a Subdued Demand Environment.
We maintain our BUY rating on Century Ply, with a lower target price of INR 700/sh (20x its Mar’25E consolidated EBITDA, implies 34x P/E)
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HSIE Results Daily: Siemens, Deepak Nitrite, Century Plyboards India
Siemens: Siemens India Ltd (SIL) delivered weak Q1FY24 revenue/EBITDA/APAT of INR 44.7/5.05/4.2bn, missing our estimates by 5/16/23%
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Century Plyboards India (Q1FY24Z: Weak Performance in a Subdued Demand Environment.
We maintain our BUY rating on Century Ply, with a lower target price of INR 700/sh (20x its Mar’25E consolidated EBITDA, implies 34x P/E)
243 Views
Building Materials - Another Quarter of Mixed Trends
In Q1FY24, our coverage universe’s revenue/EBITDA/APAT are expected to grow by 6/19/18% YoY respectively. We estimate tile majors to report healthy...
343 Views
Building Materials: Imports pick up, exports decline
In April 2023, tiles export continues to be strong, up 35% YoY to >INR 16bn. After a strong Mar-23, laminates export volume/value declined 11/9%...
349 Views