Posts in category All News
Lok Sabha Speaker election: BJP begins consultations, Oppn weighs options (24-06-2024)
Board meeting: Sebi tweak AIF valuations, investment advisor norms (24-06-2024)
Sebi roll backs diktat on annulment of special rights to PE players (24-06-2024)
Ahead of Market: 10 things that will decide D-Street action on Tuesday (24-06-2024)
SEBI rolls back diktat to end special rights before IPO (24-06-2024)
Bitcoin extends drop after one of crypto’s worst weeks of 2024: Report (24-06-2024)
Samhi Hotels – Turnaround with Tailwinds (24-06-2024)
Okay i get it now.
Samhi has reported two ebitda for FY 24
275 is standalone
348 is consolidated pre esop. for FY 24. (including acic)
In the kotak securities analysis sheet shared above it mentioned 275 for fy 24
so i got confused.
I will redo the calculation with 348 ebitda for FY 24
For FY 25
FY 25 would be
348 +
4% * 348 = 13 crore from corporate g & a + same for esop
10% revenue growth might result in 14% ebitda growth = 348 * .14 = 48
348 + 13 + 13 + 48 = 422 crore ebitda for fy 25 with no tax
422 * 16 = 6752
current enterprise value is 6353.
Guidance for debt at fy 25 end is 3.5 debt/ebitda i.e 3.5 * 422 = 1470 ~ 1500 crore
So market cap can be = 6750 - 1500 = 5000 crore
i.e roughly 23 to 25% upside from current levels.
Power Mech Projects – Not a typical Power Infra Company (24-06-2024)
I believe this is a great investment opportunity. FY25 guidance is like this:
30% revenue growth, 0.3% EBITDA margin improvement, lower tax rate at 25%.
With high cash on books leading to higher other income, EPS could grow by 60-70%