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Buy Prabhat Dairy Ltd., target Rs 144.0 : Edelweiss Financial Services

The brokerage said that it estimates Prabhar Dairy PAT to post 72% CAGR with full deploy ment of capex and repay ment of debt.

Last Updated: Aug 23, 2016, 01.46 PM IST
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Edelweiss Financial Services has Buy call on Prabhat Dairy Ltd. with a target price of Rs 144.0. The current market price of Prabhat Dairy Ltd. is 84.5. Time period given by analyst is year, when Prabhat Dairy Ltd. price can reach defined target. Edelweiss cited that Prabhat Dairy has established credentials as a specialty ingredients supplier logging 25% revenue CAGR over FY12-16. The brokerage said that it estimates PAT to post 72% CAGR with full deploy ment of capex and repay ment of debt.
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