Time period given by analyst is one year when Info Edge (India) Ltd. price can reach defined target.
Info Edge (India) Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 62180.84 Crore) operating in Services sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 359.33 Crore, up 15.39 % from last quarter Total Income of Rs 311.42 Crore and up 2.78 % from last year same quarter Total Income of Rs 349.60 Crore. Company reported net profit after tax of Rs 332.65 Crore in latest quarter.
Investment Rationale
While revenue growth has been muted for the quarter, traffic and billing growth indicate recovery is underway. However, core business valuation continues to remain expensive (55.8x FY23E EPS). Hence, the brokerage maintains ‘HOLD/SN’ with SOTPbased TP of INR5,460 as we roll over to Q2FY23E.
Promoter/FII Holdings
Promoters held 38.4 per cent stake in the company as of March 31, 2021, while FIIs held 39.6 per cent, DIIs 11 per cent and public and others 11 per cent.
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