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Rallis India
For 2QFY2012, Rallis India reported net sales of ~19%, aided by inorganic as
well as organic initiatives. However, the company’s net profit came in flat
at `58.5cr. The main reason for the same has been a dip in OPM, which came
in at 20.5% vis-à-vis 24.3%, on the back of accounting of acquisitions. At the
CMP, the stock is trading at 19.9x FY2012E and 16.9x FY2013E earnings. We
remain Neutral on the stock.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Rallis India
For 2QFY2012, Rallis India reported net sales of ~19%, aided by inorganic as
well as organic initiatives. However, the company’s net profit came in flat
at `58.5cr. The main reason for the same has been a dip in OPM, which came
in at 20.5% vis-à-vis 24.3%, on the back of accounting of acquisitions. At the
CMP, the stock is trading at 19.9x FY2012E and 16.9x FY2013E earnings. We
remain Neutral on the stock.
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