Thursday, 21 Jan, 4.49 pm Money Control

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Buy Gateway Distriparks: target of Rs 150 : Sharekhan

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    Sharekhan's research report on Gateway Distriparks


    For Q3FY2021, GDL reported better-than-expected operational performance led by its Rail division. Strong operational performance along with lower interest expense leads to beat on net earnings. Strong volume growth outlook during FY2023 and FY2024 led by improving EXIM trade environment, commissioning of western DFC line and phase II JNPT expansion. Capex of Rs. 120 crore over the next two years for setting up two satellite rail terminals. Consolidated net debt reduced to Rs. 494 crore from Rs. 681 crore in FY2020.



    Outlook


    We maintain a Buy on Gateway Distriparks Limited (GDL) with arevised SOTP-based PT of Rs. 150 due to its attractive valuations and an improved growth and profitability outlook for its key verticals.

    For all recommendations report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: Money Control English
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