- Deferred revenue growth of 16% suggest atleast 15% revenue growth in FY25 which implies 1.15 X 1043 crs = Rs1200crs.
- Management has guided for 26-27% margin in FY25 up from 21% in FY24 which implied EBITDA of Rs 318crs EBITDA up 47% YoY.
- Based on above company should do > Rs500crs PAT in FY25. Company is trading at < 18x FY25. Indiamart the closest competitor is trading at 40x
- So Just Dial looks like a great pick
Disclosure: Invested
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