MRF ka profit thoda kam, par tension nahi!
Achcha khabar hai! MRF ka FY25 ka profit thoda kam raha hai, input cost badhne ki wajah se. Par tension lene ki baat nahi hai, unka revenue toh badha hai! Q4 mein replacement, institutional aur export segments mein strong growth dekha gaya. Exports mein toh 23% ki badhottari hui hai, Rs 23.21 billion tak pahunch gaye! Naye products launch karne se bhi kaafi help mili hai.
Raw material ka drama!
Q4 mein raw material ka cost thoda kam hua, par rupee depreciate hone se fayda khatam ho gaya. Saal bhar input cost badhne ki wajah se price hikes kiye gaye the, isse thoda sa support mila.
Anand Rathi ki report: Sab kuchh thik hai!
Anand Rathi ki report ke hisab se, MRF ka Q4 EBITDA 18% y/y badhkar Rs 10.4 billion hua hai. Gross margin expectations se bhi zyada raha. OEM, replacement aur exports ka future bright dikh raha hai, aur company market share gain karegi. Unka estimate hai ki aage gross margin aur improve hoga, international rubber prices aur crude derivatives kam hone se. Selective price hikes se bhi madad milegi. Revenue, EBITDA aur PAT growth ka estimate FY25-27 ke liye 10%, 16% aur 24% hai.
Buy karne ka time hai?
Anand Rathi ko margin expansion aur market share gains pe confidence hai. Stock 25x/21x FY26e/27e EPS pe quote ho raha hai. Unhone ‘Buy’ recommend kiya hai, target price Rs 1,65,000 (pehle Rs 1,60,000 tha). Ye 25x FY27e P/E pe hai.
Escorts Kubota ki khabar:
Motilal Oswal ne Escorts Kubota ke liye ‘Neutral’ rating diya hai, market share loss ki tension hai. Target price bhi kam kar diya hai. Ye ek alag report hai, ispe NDTV Profit ki koi guarantee nahi hai.
