@Vultureee Absolutely Hold Such a Quality Company with top class Fundamentals , Promoter Background and growth outlook
If one sees its valuations , they look stretched but this company is growing at a CAGR Of 40%+ and expected to deliver the same in
FY 25 too ,
Let's check its Valuations Rationale
Current M.cap : 43750 cr
FY 24 PAT TTM Basis : 1156 cr
PE : 37.8
And FY 25 Expected EPS : Rs.8.8 Per Share
So Giving it 30× multiple So Target comes at 264
Which is 27% upside target from CMP
And Honest Speaking
The Earnings considered are conservative and realistic
If they expand there UAE port and extended
Jaigarh Port there capacity increases by 30%
And Currently it's capacity Utilization is Approximtely 55% considering extended capacity in last 3 months
And if increased capacity is added , so it has around 60-70% scope ti increase its revenue
Also it has won some terminals recently and have bidded for some more
Considering all this , You should not sell such a performing asset
And no Midcap company grows in such pace
Also some Foreign Inflows are expected Till Mid April
HOLD RIGHT , SIT TIGHT
Hope This Helps
Zerodha (Trading & Demat Account)
Top Contributor (600+ Posts, 100+ Likes)
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