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Entry Price

212.00

Target

250.00

Recommend Date

14-11-2019

Return

17.92 %
BUY

Date : 14-11-2019

Hind Rectifiers (HRL) reported a beat in operational performance for Q2FY20 across all parameters wherein topline, EBITDA, PAT grew 57.9%, 134.6%, 292.6%, respectively, YoY. Topline at | 68.3 crore was driven by a traction in order execution. EBITDA margins improved 470 bps to 14.5%. Absolute EBITDA came in at | 9.7 crore while PAT came in at | 5.2 crore. The company continues to benefit from the capex carried out by Indian Railways and is well placed to achieve ~20% topline growth in FY20E.