management responded that there will me some resorts where ARR will be 25000 Rs, which will contribute to the growth + There will be income from event and exhibition as well… I think 300 Cr is doable given government thrust on increasing tourism sector
If we consider 300 Cr revenue , EBIDTA will be around 120 cr, Depreciation will be 15 Cr and PBT = 105 CR , and PAT will be around 75 CR
Current Market Cap is around 2160 , which translate of Forward PE of 28 which is reasonable
Considering technical , stock is forming base around 50 EMA. Market will look for results and another announcement regarding timely opening of resorts and new order wins.
Deviation from target will punish stock and if it seems that results are good then stock price can reach 1800 Rs (at PE of 60 of FY 25 earnings)
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