Jyothy Labs is a high conviction BUY idea for Target Price of ₹575 (20% upside)

A sharp surge in ROIC: Jyothy Labs’ ROIC has sharply surged, moving up from c17% in FY23 to c28% FY24, owing to a sharp spike in EBIT margin (up from 10.7% in FY23 to 15.6% in FY24) and doubling up of cash and cash equivalents (moved up from INR 2.8 bn in FY23 to INR 6.2 bn in FY24). Notably, the ROIC ratio has been static for last many years in the mid-teen range

https://rakesh-jhunjhunwala.in/jyot...-for-target-price-of-₹575-20-upside-hdfc-sec/