MUGHAL posted a profit of PKR872mn (EPS: PKR2.60) for 1QFY23, down 48% YoY and 5% QoQ.
MUGHAL has posted gross margins of 14.8%, up 1ppt QoQ and down 4.8ppt YoY.
MUGHAL has posted a decent result; mostly due to elevated ferrous gross margins.
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Valuation Methodology: We use multiple valuation methodologies in arriving at a Target Price including, but not limited to, Discounted Cash Flow (DCF), Dividend Discount Model (DDM) and relative multiples based valuations.
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