Tuesday 18 November 2008

KLG Systel has target of Rs 123: ICICIdirect.com

According to ICICIdirect.com, KLG Systel has a target of Rs 123 in its November 17, 2008 research report. "KLG Systel reported its Q2FY09 results with net sales of Rs 60.3 crore with Y-o-Y growth of merely 5.6%. The PAT saw a de-growth of 31.2% (Y-o-Y) at a level of Rs 8.64 crore. We believe that company will perform badly in the current fiscal due to its high dependence on ADPRP II scheme for its sales of SG61 & Vidushi whose execution is deferred and poor visibility & poor operational performance of its LCS business."

"On the back of poor visibility of revenue for the current financial year and steep downward revision of guidance by management, we value the company 4.1x its EPS for FY09E, which gives us target price of Rs 123," says ICICIdirect.com's research report.

Disclaimer: The views and investment tips expressed by investment experts 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.

Source: Moneycontrol

No comments:

Post a Comment

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.