Textiles
Textiles - Spinning
from 475 today
Sanathan Textiles is entering its strongest earnings, return ratio and cash flow generation phase driven by capacity monetisation, improving utilisation, lower manufacturing costs, a superior product mix and expansion across multiple business segments. We initiate coverage on Sanathan with a Buy rating and a target price of Rs 608, implying an upside of 28% based on 14x June-28 EPS.
A value-added polyester yarn maker with a fresh available capacity behind the QCO/ADD wall, volume compounding ~23%, playing the structural MMF substitution thesis.
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