It looks good but what about the future parks which are likely to be add one in a every financial year.?
In FY24 Orissa park,
In FY25 Chennai park,
Further in gujarat and other states??
When company is going with such huge capex in asset light model how you are giving the valuations based on only net profit?
Management is good, without rasing any significant debt they are completing the new parks surely tells about the quality of management.
If they are able to achieve the same 30% margins in the new parks also then defiantly it’s a 2-3 bagger from the current market price.
It’s a decent but even at the CMP.
Thank you
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