ICICI Direct has given Buy recommendation for TTK Prestige with a target price of Rs. 1270 in its research report issued on Feb 03, 2021
ICICI Direct’s research report on TTK Prestige
TTK Prestige is India’s leading player in kitchen solutions and has been successful in transforming itself from a company manufacturing pressure cookers to having an entire gamut of home and kitchen appliances. It continues to be market leader in the cooker segment and has material The company has over the years maintained its balance sheet strength with strong cash reserves (~Rs 530+ crore) and healthy RoIC of 30%+share in other appliance and cookware categories
Outlook
We continue to remain positive and maintain our BUY rating on the stock We value TTK at Rs 1270 i.e. 45x FY24E EPS