Maximus Securities has come out with its report on Amara Raja Batteries. The research firm has target of Rs 660 on the stock.
"Amara Raja Batteries Ltd (ARBL) is one of the largest manufacturers of Standby Valve Regulated Lead Acid (VRLA) batteries in the Indian Ocean Rim comprising the area ranging from Africa and the Middle East to South East Asia. They are in the business of Industrial Battery and Automobile Battery manufacturing. The manufacturing facility is located at Tirupati in Andhra Pradesh.The company is the largest supplier of stand-by power systems, catering to Indian utilities such as, Departments of Telecommunication, Indian Railways, Power Generation Stations, MTNL, VSNL, ITI and HTL. They are also having prestigious Automotive clients including Ford, GM, Daimler Chrysler, Ashok Leyland, TELCO, Honda and Mahindra & Mahindra."
"ARBL's Amaron brand of batteries was India's first battery to be fully charged from the time it was manufactured inside the factory. Thus the dealers could only sell a long-lasting battery. ARBL's Automotive Batteries Unit commenced operations with technology from Johnson Controls Inc. (26.02% shareholder), joint venture partner and the world's largest manufacturer of automotive batteries in the year 2000. It pioneered the Valve Regulated Lead Acid (VRLA) technology in India's automotive battery segment, the key differentiator in an otherwise cluttered Indian automotive battery market. Based on the technology, the unit created an unmistakable brand recall. Amaron was the first to offer a warranty of 36 months and followed that with a pro-rata warranty of 60 months for car batteries, which was almost twice the existing life. Amaron became the first and only 60-month pro-rata warranty battery for two-wheelers."
"Considering the clean balance sheet, strong financial performance during recession, scope for increasing market share and imminent recovery in the Indian economy, we value Amara Raja Batteries Ltd with a P/E of 19.5x FY16E EPS to arrive at a target price of Rs. 660/share," says Maximus Securities research report.
For all recommendations, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here
Anda sedang membaca artikel tentang
Maximus Securities view on Amara Raja Batteries
Dengan url
https://untukkesehatanda.blogspot.com/2014/09/maximus-securities-view-on-amara-raja.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Maximus Securities view on Amara Raja Batteries
namun jangan lupa untuk meletakkan link
Maximus Securities view on Amara Raja Batteries
sebagai sumbernya
0 komentar:
Posting Komentar