Tcpl, Ltimindtree, Tata Comm, 360 One Wam: Mofsl Shares Target Prices Post Q4 Results

LTIMindtree's Q4 results were anemic but MOFSL said a reset is successful nan progress. The home brokerage said Tata Consumer Products Ltd (TCPL) reported inline results connected operating front, pinch separator staying nether unit year-on-year (YoY) but improving sequentially owed to value hikes. For Tata Communications, Q4 results were a mixed container pinch anemic margins taking sheen disconnected nan maturation recovery, MOFSL said. 360 ONE WAM's annual recurring gross (ARR) inclination was healthy, but execution holds nan key, MOFSL said.

Tata Consumer Products Ltd 
MOFSL expects TCPL's separator to retrieve successful nan Indian beverage business owed to value hikes successful beverage and salt, stabilisation of nan input prices, and early signs of amended beverage harvest maturation this March-April harvest season. International business is expected to proceed delivering patient operating performance. The premium portfolio successful nan RTD conception continues to summation traction, it said adding that nan continued synergy benefits from nan integration of Capital Foods and Organic India are expected to beryllium a cardinal driver of maturation for nan Indian nutrient business.
The brokerage sees TCPL clocking a CAGR of 8 per cent successful revenue, 13 per cent successful Ebitda and 20 per cent successful PAT complete FY25-27. It reiterate 'Buy' connected nan banal pinch a target value of Rs 1,360.

Tata Communications Ltd
Post Q4 results, MOFSL has raised Tata Communications' FY26-27 gross estimates by 1-2 per cent. It said Tata Communications' ambition of doubling information gross by FY27 remains a gangly inquire without further acquisitions. Overall, it is building successful a 9 per cent information gross CAGR complete FY25-28, pinch information gross reaching Rs 26,200 crore by FY28 against nan ambition of Rs 28,000 crore by FY27.

"We ascribe 9x EV/Ebitda to TCOM’s information business and 5x EV/Ebitda to sound and different businesses. We ascribe an Rs 3,000 crore (or Rs 104 per share) valuation to TCOM’s 26 per cent liking successful STT information centers. Our SoTP-based target value remains unchanged astatine Rs 1,660 arsenic our Ebitda trim is offset by nan rotation guardant of nan valuation guidelines to Jun’27 (from Mar’27 earlier)," MOFSL said.

The brokerage maintained 'Neutral rating' connected nan banal arsenic it awaits acceleration successful information gross on pinch separator description .

LTIMindtree Ltd
MOFSL maintained its 'Buy' standing connected LTIMindtree, supported by its capabilities successful information engineering and ERP modernisation. The existent banal value offers charismatic valuation comfort, nan brokerage said.

"While our FY26 estimates stay mostly unchanged, we little our FY27 EPS estimate by 5 per cent to relationship for nan existent macroeconomic headwinds. We now worth LTIMindtree astatine 26x FY27E EPS (earlier 30x), starring to a revised target value of Rs 5,150, implying a 14 per cent upside from nan existent level," it said.

360 ONE WAM Ltd
MOFSL said 360 ONE maintains a beardown position successful nan industry, reflected by robust flows and accordant performance. The company’s plans to diversify crossed customer segments (mass affluent) and surface science (lower-tier cities) are gaining traction, while nan world business is expected to boost capacity connected nan backmost of UBS collaboration. With investments focused connected caller business segments, nan betterment successful productivity will bode good for nan company’s profitability, MOFSL said.

"We adopt an SOTP attack to build successful nan optionality of inorganic initiatives, specified arsenic B&K acquisition and UBS collaboration. Additionally, we build successful imaginable profits from nan utilization of costs raised done nan warrants issued to UBS arsenic portion of nan arrangement. With aggregate projects underway—including mid-segment HNI business description , world business growth, ET Money acquisition, B&K acquisition, and UBS collaboration — execution will beryllium crucial. We reiterate our BUY standing pinch a one-year TP of Rs 1,300," MOFSL said.

Published on: Apr 24, 2025 8:49 AM IST