BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
Contract research and manufacturing services business, which constituted approximately 20% of Navin Fluorine International Ltd.’s FY20 revenue is the fastest-growing segment for the company.
The stock has delivered a whopping ~150% returns over the last year and a large part of the rerating is attributed to greater visibility in the CRAMS segment.
While consensus revenue estimates for CRAMS are more or less similar (~30-35% revenue compound annual growth rate over FY20-23E), the key variable is the valuation multiple.
We are addressing the valuation point wherein we have done detailed comparisons with global contract research organizations/ contract development and manufacturing organizations in order to justify the valuation.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR