Power Generation & Distribution · ENRIN
Electrical Equipments/HVDC
from 3,252 today
ENRIN's 3QFY26 results were ahead of estimates on all counts, driven by strong growth in power transmission and power generation segments. We retain BUY with a revised target price of INR4,100.
We maintain our 'Accumulate' rating valuing stock at a PE of 55x Mar’28E arriving at a revised TP of INR3,434, factoring in stronger than expected execution and improving operating leverage aided by favourable revenue mix.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
