They usually deliver within 36-48 months, This 1900 crore will be recognised in next 3 years,at an EBIDTA of 20%, its ~400 crore in next 3 years, at a MCAP of 1600 crore, and Debt to equity of negative 0.3, Backing of Arvind group and HDFC as a 8-9% share holder. The operating MD was alloted 7-8% holding via warrants last year @110 last year and stock took off from there.
The way I see, If I can find a real estate company, where I trust the Management and also which has good DE ratio and I am sure it will not go kaput, I am comfortable investing.
This seems to be safe bet in terms of Price compounding at 25-30% CAGR for next 3-5 years.
Subscribe To Our Free Newsletter |