Though this company is a promising one its share price has taken heavy beating in the market. Our fundamental research in the stock and the outlook of Infra sector in India has pointed out valuation mis match. Here are some of the fundamentals scanned by our research Algo. Dividend Yield 5.1% Price to Book : 0.55x Price to Earnings : 4.20x (Industry P/E : 32.26x) Promoter Holding – 58% ( 4% Pledged) Core Earnings : 70% of NI Average Y-o-Y Return on Equity : 17% Return on Capital Employed : 12.54% Debt to Equity : 2.44x Interest Coverage Ratio : 2.5x YTD Returns -41% v/s Sensex 9%
Stock Name : IRB Infra I have increased my coverage on this stock. I believe it should bounce back at least by 25%
Current Price ; 95.50 Target Price ; 125+ / 140+ Time Frame : 4 to 6 months!