Business
Buy WPIL; target of Rs 650: Emkay Global Financial
Buy WPIL; target of Rs 650: Emkay Global Financial
About this update from Wpil Limited
Emkay Global Financial' research report on WPILOur constructive view on WPIL is underpinned by factors such as the company 1) being a globally well-diversified player, with presence across the value chain in the pump sector; 2) having a strong order book of Rs49bn (+47% YoY), which we believe will lead to a stronger revenue CAGR of 29% over FY26- 28E with pick-up in execution; and 3) likely seeing EBITDA/EPS CAGR of ~32%/41% over FY26-28E, on the back of better revenue mix and increasing high-margin aftermarket + O&M revenue. We expect structural demand tailwinds across water infrastructure, desalination, and wastewater treatment to be key growth drivers for WPIL, going forward.OutlookWe maintain BUY on WPIL, with unchanged TP of Rs650 (implying ~40% upside).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.WPIL - 2005026 - emkay