18 Sep 2026, 16:11 IST
INDO-MIM Limited
HDFC Securities · BUY · target INR 1,407
The report initiates coverage with a BUY rating and a target price of INR 1,407 based on 54x Sep-28E EPS (CMP INR 993 as on 17 Sep 2026), projecting revenue CAGR of ~19% to INR 84bn and PAT CAGR of ~32% to INR 18bn over FY26-30E, with EBITDA margin in the ~30-34% band and the possibility of a valuation re-rating toward MNC capital-goods multiples.
From Indo MIM IC HSIE, written by HDFC Securities. Orivam summarised it; the view is HDFC Securities's, not Orivam's.
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