Broker keeps Buy on Ellenbarrie Industrial Gases
In short
A BusinessLine Markets note kept a Buy call on Ellenbarrie Industrial Gases. It expects about 32% revenue CAGR, 33% EBITDA CAGR and 30% PAT CAGR for FY26-29E, helped by 23% merchant-volume growth and more capacity.
The note points to stronger growth ahead for the company. It does not give a target price, current valuation, or any official response from Ellenbarrie.
What the reporting says
Broker’s Call: Ellenbarrie Industrial Gases was kept at Buy in a BusinessLine Markets note, with the broker expecting about 32% revenue CAGR, 33% EBITDA CAGR and 30% PAT CAGR over FY26-29E. The view was tied to a 23% CAGR in merchant volume and strong capacity expansion. The note does not state the current share price, valuation target or any official company response.
Why it matters
The BusinessLine Markets note says Ellenbarrie Industrial Gases could grow quickly over FY26-29E, with revenue, EBITDA and PAT projected to rise on the back of merchant-volume expansion and added capacity. That would matter for the company and its investors because it suggests stronger operating performance ahead. However, the report does not provide a target price, valuation or any company comment.