In this article, you will get all information regarding Buy This Gujarat-Based Port Stock For A Target Price Of Rs 100: ICICI Direct – Category Portal

Inventory Outlook & Returns

Gujarat Pipavav at the moment closed at Rs 81.42 apiece, gaining round 1.17%. It was opened at Rs 80.95 apiece. It’s at present buying and selling at Rs 11.60 above the 52-week low of Rs 70.30 apiece. The 52 week excessive of the inventory is Rs 119 apiece.

The shares of the corporate this week moved up practically 4.93% and 9.27% ​​previously 1 month, respectively. Within the final 1-year, the share worth has fallen practically 21.74% and 41.46% previously 5 years, respectively. Nevertheless, it has additionally given a optimistic return of 6.57% previously 3 years.

The ROE is 8.79%. TTM EPS is Rs 4.63. PE ratio is 17.69. PB ratio is 1.77. The Dividend yield is 4.88% and its face worth is Rs 10. Its market cap is Rs 3,959 crore.

Q1FY23 Results

Q1FY23 Outcomes

In response to the brokerage QoQ decrease bulk volumes impacted EBITDA.

  • Internet revenues de-grew 6% QoQ to Rs 08 crore.
  • EBITDA de-grew 12% to Rs 113 crore with margins at 54.4% (vs. 58.4% in Q4FY22).
  • Subsequently, PAT de-grew 20% to Rs 59 crore as a weak operational efficiency was additional impacted by an distinctive lack of Rs 13 crore.

Key triggers for future price performance

Key triggers for future worth efficiency

With Gujarat Pipavav planning to construct capacities in warehousing, its JV PRCL rising CTO enterprise and mother or father entity Maersk planning to construct an end-to-end logistics infra within the nation (may benefit GPPL); the corporate stays a play on the rising logistics sector in India. Nevertheless, extension of settlement with GMB stays a key occasion to look at.

Addition of three service traces in FY23 anticipated to spice up Exim volumes. DFC commissioning is anticipated from September onwards (increased market share and time tabled prepare working). Debt free firm with RoIC reaching ~40%+ ranges in FY24E.

 ICICI Direct Recommends Buy for a target price of Rs 100 apiece

ICICI Direct Recommends Purchase for a goal worth of Rs 100 apiece

The brokerage stated, “Whereas the administration expects bulk volumes to remain sturdy in FY23, container volumes are anticipated to make a comeback (led by DFC normalisation, decrease congestion and freight volatility anticipated in FY23E). We stay optimistic on the inventory and preserve our BUY suggestion. We worth the inventory at Rs 100 ie 15x P/E on FY24E EPS.”

Buy This Gujarat-Based Port Stock For A Target Price Of Rs 100: ICICI Direct – Category Portal

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