Mayur Uniquoters’ Strong Earnings To Support A Re-Rating: Anand Rathi

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

With its user industries (auto, footwear) and its exports doing well, Mayur Uniquoters Ltd.’s Q3 revenue/Ebitda/profit after tax were up 31%/78%/91% YoY.

We are positive on it for its brighter outlook –

1. good demand from domestic auto/footwear including import substitution,

2. fast ramp-up at the polyurethane plant and

3. robust export opportunity via customers added (BMW, Mercedes, VolksWagen etc.).

On the improving outlook, we expect 16%/19% compound annual growth rates in revenue/PAT over FY20-23 after low 2%/6% CAGRs over FY14-20.

Click on the attachment to read the full report:

Anand Rathi Mayur Uniquoters Company Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
verity news now Governmental News Finance News

Source link