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McNally Bharat Engineering wins order from Marg
McNally Bharat Engineering has bagged an order worth `108cr from Marg for conveyor
system for coal handling at its Karaikkal Port. The order is to be completed over a period of
10 months. The company’s current order book position stands at `3,900cr, which is 3.5x
FY2010E consolidated revenue. At the CMP, the stock is trading at 13.3x and 8.6x its
estimated earnings of FY2011 and FY2012. We maintain our Buy rating on the stock with a
Target Price of `368.
India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
McNally Bharat Engineering wins order from Marg
McNally Bharat Engineering has bagged an order worth `108cr from Marg for conveyor
system for coal handling at its Karaikkal Port. The order is to be completed over a period of
10 months. The company’s current order book position stands at `3,900cr, which is 3.5x
FY2010E consolidated revenue. At the CMP, the stock is trading at 13.3x and 8.6x its
estimated earnings of FY2011 and FY2012. We maintain our Buy rating on the stock with a
Target Price of `368.
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