Reviews

EVEREST INDUSTRIES

Ticker: 508906 FV: Rs.10 
52-Week H/L: Rs.636.90/380.45

We had recommended Everest Industries in Volume No 34, Issue No 44 (dated Aug 20, 2018), when the scrip was trading at Rs 567. Our recommendation was backed by factors like strong order book and launch of new value- added products. In Q1FY19, the revenue was up by 18.5 per cent YoY to Rs 417 crore. Its EBITDA grew by 38.7 per cent YoY and EBITDA margin stood at 10 per cent. THE PAT for the quarter jumped 70.6 per cent YoY to Rs 29 crore from Rs 17 crore. It continues to have strong order book of Rs 250-300 crore. We expect the company to deliver good numbers in FY19. The company will be holding a board meeting on Oct. 24 to consider and approve financial results for Q2FY19. Until then, we urge investors to HOLD the scrip.

PETRONET LNG

Ticker: 532522 FV: Rs.10 
52-Week H/L: Rs.275.45/202

We had recommended Petronet LNG in Volume No 34, Issue No 46 (dated Sept 3, 2018), when the scrip was trading at Rs 242. Our recommendation was backed by factors like robust growth and capacity expansion plans. The company’s expansion plans of domestic terminal capacities are in line and are expected to be completed within estimated time. It is also diversifying its geographical presence in Sri Lanka and Bangladesh to set up a new plant. However, the plan is at an early stage and would require considerable time to materialise. The Indian government’s target to expand PNG domestic connections to 100 lakh households by 2022 would give ample opportunities to the company. Considering the favourable outlook, we urge investors to HOLD the scrip.