Mar. 28 at 4:58 AM
$UREKF We remain structurally positive on Eureka and model it to report revenue and PAT CAGRs of 11.1% and 48.5%, respectively, over FY23-FY26E. We maintain BUY with a DCF-based unchanged TP of INR 650, which implies P/E of 68x FY26E. Key risks are steep increase in competitive pressures and higher commodity prices.
