Buy Hindware Home Innovation Ltd For Target Rs. 458 By Choice Broking Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
* Outlook: HHIL to witness healthy Revenue/EBITDA/PAT growth of 6/19/32% CAGR over FY23-26E backed by 1) Strong position in bathware 2) greater presence in Pipes & fittings and consumer appliance 3) Strong brand call 4) strong distribution reach and better product offerings Further its upcoming new facility in Roorkee and strong presence in Bathware segment will likely to improve the overall profitability of Hindware Home’s (improvement in margin by 345bps over FY23 to FY26E from 8.5% to 12%. We like to maintain our BUY rating on the stock led by with a TP of Rs. 458 (23x of FY26 EPS).
For Detailed Report With Disclaimer Visit. https://choicebroking.in/disclaimer
SEBI Registration no.: INZ 000160131
