Valuation and Conclusion
AIS has design and development capability to come out with continuous innovations in glass products. This allows A18 to be uniquely placed at the highest spectrum of value addition. With a string of New Product Development and successful launches, MS has established a range of value- added product portfolio. This internal design and development with deep market insights enables A18 to develop new products meeting the requirements, tastes and preference of India, with international quality and lower costs.
There has been a positive momentum across the key growth sectors of the Indian economy combined with moderate inflation, lower oil prices and reduced fiscal deficit Demonetization did have a temporary slowdown and dent in growth sentiments, With GS T implementation, a complete transparency in the taxation system can be expected leading to a better business environment
The strong performance is an indication of the accelerated turnaround that the Company has been witnessing over the past 3 years. Moreover, Operational efficiency, strong clientele UV with Maruti Suzuki), recent acquisitions & expansions, strategic investments, cutting edge marketing efforts & on the other end various growth drivers like increase in purchasing power the spending power of the people with government initiatives bodes well & would help company to perform going forward.
Estimating the share price of the company as per P/E valuation. We recommend to BUY this script for the target of 3430 for next one year.