StocksMarket.in

Buy Mindtree; target of Rs 1100: Anand Rathi

April 18
16:25 2019

Anand Rathi’s research report on Mindtree

Mindtree reported $ 262m Q4 FY19 revenues (up 4.2% q/q,15.8% y/y), hitting $ 1bn for FY19, an arduous milestone for many mid-sized ITcompanies. In CC terms, it grew 3.9% q/q. Though the Q4 EBITDA margin slipped to 14.5% (down162bps q/q, 157bps y/y), it clocked 168bp growth for the full year, to15.2%.

Outlook

Total dividend of `27 a share was declared in Q4, taking total payout for FY19 to 86%. No meaningful change in estimates/target. We retain our Buy call.

For all recommendations report, 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.

Related Articles

Archives