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Voltas (Emkay) Earnings Twinge; Accumulate |
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Not out of woods – Net profits decline 23% yoy;EMP segment disappoints – EBIT margins down 390 bps yoy to 4.6%;EPS & UCP fare well – meet expectations | Date | Rating | Target Price | Recommendation Price | Broker house | | 3 Aug 2011 | accumulate (from Buy) | 165 | 134 | Emkay Report | |
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Voltas (Citi) Not Out of the Woods Yet – Cutting TP, Maintain Hold |
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Q1FY12 Recurring PAT down 18.5%YoY, 18% below expectations;Pressure continues in the International business;Weak outlook in Engineering Agency and Unitary Cooling;Cutting est by 10%/18% in FY12E/13E, TP to Rs157, Maintain Hold | Date | Rating | Target Price | Recommendation Price | Broker house | | 1 Aug 2011 | hold | 157 (from 182) | 135 | Citi Report | |
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Voltas (Emkay) Concerns priced in; Retain BUY |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 1 Jul 2011 | buy | 200 | 159 | Emkay Report | |
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Voltas (Goldman Sachs) update.2011.Jun.8 |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 8 Jun 2011 | neutral | 194 | 200 | Goldman Sachs Report | |
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Voltas (UBS) Structural story; buy on weakness |
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India Mid-Cap Premier League - Time to stock pick, again;Significant experience, brand, Tata management, and execution ability | Date | Rating | Target Price | Recommendation Price | Broker house | | 31 May 2011 | buy | 225 | 164 | UBS Report | |
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voltas (UBS) Structural story; buy on weakness |
Q4FY11 PAT at Rs1.0bn beats UBS and misses consensus estimates; Marginally increase our estimates; maintain buy on long-term story; Present in structurally strong infra markets; buy on weakness; Valuation: negatives priced in; Buy rating and Rs225.00 price target
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 23 May 2011 |
buy |
225 |
162 |
UBS Report |
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Reports.DesiStockResearch.com |
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voltas (MerrillLynchBofA) Growth to return |
Growth rate expected to improve, albeit at tad slower pace; Stronger new orders & new room ACs to boost India sales; Pick up in Middle East project execution is encouraging; Re-rating to be driven by margin expansion & order pick up
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 23 May 2011 |
buy |
220 |
161 |
MerrillLynchBofA Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
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voltas (Citi) Challenging Macro - Cutting TP, Maintain Hold |
Q4FY11 Recurring PAT down 39%YoY, 24% below expectations
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 22 May 2011 |
hold |
182 (from 189) |
162 |
Citi Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
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voltas (Emkay) Worst is behind; Retain BUY |
Disappointment yet again - Net profits decline 33% yoy; EPS & UCP continue to trend up; Mixed bag for EMP; Secures orders worth Rs11.4 bn - addresses revenue visibility concerns for FY12E
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 20 May 2011 |
buy |
200 |
182 |
Emkay Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
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voltas (Citi) Q4FY11 - Significantly Below Expectations |
Q4FY11 Recurring PAT down 39%YoY, 24% below expectations; EMP Orderbook - up 4%QoQ and YoY
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 19 May 2011 |
hold |
189 |
152 |
Citi Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
