Rate gain has posted a very strong set of numbers .
In the concall management guided doubling the revenue with 25% margins in 3 years. The only concern was that the bulk of the growth in this quarter came inorganically from Adara, which showed exponential growth. The management guided strong growth vis-a-vis flattish performance in Distribution vertical for H2 . They also have a strong war chest ready for future acquisition opportunities .
Overall this company seems to be on a roll .
Key risks would be impact on global travel and tourism due to present wars or some other black swan event , technology disruption etc. Stock has run up a bit , but I think it still has the potential to double from the current levels in 3years if management walks the talk.
Disc :Started Investing and looking to add on dips.
| Subscribe To Our Free Newsletter |
