| Investment Idea about ABGSHIP |
| pawan goyal |
Posted On:2010-01-14 06:59:14.0 |
| Investors should hold the stock. The quarterly results of the company are expected to be good. However, the counter may see some decline after the declaration of results. |
| sameer gandhi |
Posted On:2009-06-24 19:04:34.0 |
| Stock is currently trading at a PER of 8.9x FY10 and 6.3x FY11 (ex-subsidy). Company profits (ex-subsidy) are expected to grow at 16.2% CAGR over the next two years. Prabhudas Lilladher has recommended an accumulate rating on ABG Shipyard, with price target of Rs 230, in its report dated June 22, 2009. |
| Ravi Goyal |
Posted On:2009-05-10 18:52:50.0 |
| ABG Shipyard has not witnessed any order book accretion in the last one year. However, the positive is that there have also been no order cancellations from their existing order book of Rs 116 billion. Debt of ABG currently stands at Rs 15 billion, of which Rs 9 billion is towards its capex, while Rs 6 billion is towards working capital. The debt:equity ratio stands at 1.85. Prabhudas Lilladher has maintained its accumulate rating on ABG Shipyard in its May 8, 2009 research report. |
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