Wonderla Holidays - Attractive business model

Hi, sharing an interesting note by Stalwart Advisors, valuations may be a bit on the higher side now but the post is very insightful when it comes to explaining the business model, size of the opportunity and the management quality, so those of us who do not have it can add it on watchlist and keep a track on valuations.
https://stalwartvalue.com/what-makes-wonderla-holidays-an-amazing-business/

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Amusement park industry has huge scope for growth in India: Arun Chittilappilly, Wonderla Holidays
https://economictimes.indiatimes.com/opinion/interviews/amusement-park-industry-has-huge-scope-for-growth-in-india-arun-chittilappilly-wonderla-holidays/articleshow/52650887.cms

 

Motilal Oswal has downgrade stock because of headwind

Multiple headwinds ahead
Cutting estimates; downgrading to Neutral

Post our recent conversation with the management, we surmise that footfall growth
at WONH’s recently launched Hyderabad Park would be slower than we had
anticipated.
Footfalls at its Bangalore and Kochi Parks have been impacted by the ongoing heat
wave and forecasts of an above-average monsoon do not portend well.
Launch of new park coupled with lower than average price hikes (~5% against
historical levels of ~10%) in existing parks will lead to EBITDA margin decline of
450bp in FY17.
We are cutting our estimates and downgrading our stock rating to Neutral in light of
the near-term challenges

https://www.motilaloswal.com/site/rreports/HTML/635971686251920943/index.htm