External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.  

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>We cut our EPS estimates by 7.8%/7.3%/6.7% for FY25E/FY26E/FY27E given near-term growth challenges in publishing division and rising competitive intensity in the domestic stationery market.</li><li>NELI reported weak set of numbers with revenue miss of 5% and a break-even at operating level as publishing and domestic stationery business suffered amid fall in realization.</li><li>The publishing division has been facing considerable growth challenges of late due to increasing usage of second hand books.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We cut our EPS estimates by 7.8%/7.3%/6.7% for FY25E/FY26E/FY27E given near-term growth challenges in publishing division and rising competitive intensity in the domestic stationery market.NELI reported weak set of numbers with revenue miss of 5% and a break-even at operating level as publishing and domestic stationery business suffered amid fall in realization.The publishing division has been facing considerable growth challenges of late due to increasing usage of second hand books.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Navneet Education - Growth Struggle Continues