Excellent results. EBITDA is 56% and with increasing operating leverage it should settle somewhere around 60%.
Projecting a conservative topline growth of 20-25% from here onwards, I see company hitting 1000 crore revenues and close to 500 crore PAT (assuming same EBITDA is maintained) by 2026.
At current market cap, 2 year forward multiple comes to roughly 40 p/e, which is in line with historical multiples. But that would still be below industry average looking at current multiples of BSEs of the world. And any further rerating of the stock should create significant upside to the stock price.
Posts tagged Value Pickr
MCX and Financial Technologies (24-04-2024)
Green Hydrogen as a Fuel – Indian Companies leading the Green Revolution (24-04-2024)
Here is one video, on How the govt is thinking regarding Green Hydrogen and Energy Security on a broader scale. (Time Stamp around 18.00min)
Mangalam Organics Ltd. – A promising Pine chemistry story (24-04-2024)
The 3 listed camphor companies (mangalam organic, kanchi karpooram and oriental aromatic) hit upper circuit yesterday. Any recent good news for the industry?
Angel One: Metamorphosis into a Fintech? (Previously Angel Broking) (24-04-2024)
I am new to the term Client funding book. Can you please explain what this means and in the context of the NPA?
Much thanks
Rategain – Fast Growing SaaS Leader (24-04-2024)
Sébastien Bazin believes India has untapped potential, and asserts players need to increase their goals and ambitions to cater to the demand of the market. “Ninety percent of the success of hotel companies is linked to two things – demography and emerging middle class,” Accor chairman and CEO Sébastien Bazin
Accor currently has 62 operational hotels in India, and nine properties in its pipeline are set to open this year. Last year, the French hotel company signed a record 11 hotels in India and opened six.
The top five hotel operators in India collectively have less than 1,000 hotels. In China, this figure is 25,000. “The question before all of us is how we could collectively go from 1,000 hotels to 15,000 hotels without having to wait 15 years for it. There is a demand and there is the emerging middle class that needs affordable accommodation and wants to discover the country,” he said.
Talking about the requirements for achieving this growth, Bazin said hoteliers need to be agile, adaptable, patient, and trusting. “Anyone who says that they will double their portfolio in five years lacks ambition. India has the potential and need for 10 times that ambition,” he said.
Samhi Hotels – Turnaround with Tailwinds (24-04-2024)
Sébastien Bazin believes India has untapped potential, and asserts players need to increase their goals and ambitions to cater to the demand of the market. “Ninety percent of the success of hotel companies is linked to two things – demography and emerging middle class,” Accor chairman and CEO Sébastien Bazin
Accor currently has 62 operational hotels in India, and nine properties in its pipeline are set to open this year. Last year, the French hotel company signed a record 11 hotels in India and opened six.
The top five hotel operators in India collectively have less than 1,000 hotels. In China, this figure is 25,000. “The question before all of us is how we could collectively go from 1,000 hotels to 15,000 hotels without having to wait 15 years for it. There is a demand and there is the emerging middle class that needs affordable accommodation and wants to discover the country,” he said.
Talking about the requirements for achieving this growth, Bazin said hoteliers need to be agile, adaptable, patient, and trusting. “Anyone who says that they will double their portfolio in five years lacks ambition. India has the potential and need for 10 times that ambition,” he said.
Pragnesh’s portfolio (24-04-2024)
@Pragnesh thanks Pragnesh, gr8 insights!
Hindustan Unilever (HUL) (24-04-2024)
All know quality stock’s valuation is expensive but they can be expensive only to a certain extent compared to market valuation.
The assumption that HUL was always super expensive is wrong. It was not super expensive before 2017.It was trading at 40 P/E on an average) most of the time between 2012-2017.
There is lot of difference between 80 PE and 30 PE for a 12% EPS CAGR when nifty is always around 22 PE with 10% EPS CAGR.
The same HUL was trading at 30PE for a decade between 2002-2011 but no so-called matured growth investor came forward to buy as they were busy speculating on infra and telecom stocks. Hence no demand for HUL stock and never went up to even 40PE for a decade.
PI Industries – Superior Business Model (24-04-2024)
A good article to get overview
Stock price did not catch up with profit growth in last 3 years, so I expect an up move some time and holding patiently.
Disc: Holding 4% of PF