CMP : 203
Target Price : 235
For 4QFY2016, Linc Pen & Plastics Ltd (LPPL) outperformed our estimates on both
the top-line and the bottom-line front. The company’s top-line for the quarter
grew 13% yoy. On the operating front, the company reported
margin improvement, primarily on account of lower raw material costs. Further,
the net profit grew by ~65% yoy to Rs6...