Info Edge (India) Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 79636.88 Crore) operating in Services sector.
Info Edge (India) Ltd. key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company has reported a Consolidated Total Income of Rs 380.14 Crore, up 5.79 % from last quarter Total Income of Rs 359.33 Crore and up 23.07 % from last year same quarter Total Income of Rs 308.89 Crore. Company reported net profit after tax of Rs 251.30 Crore in latest quarter.
Investment Rationale
The brokerage expects a sharp pent-up increase in Jeevansathi’s paid listings as wedding restrictions ease and most of the ~17mn deferred weddings (I-Sec est., CY20 & CY21) come into planning pipeline. The robust volume spike at 99 Acres / Jeevansathi should come along with EBITDA profitability surprising the street. Post the upgrade in mid Jun-21, the stock was up ~29% (vs ~10% return in NIFTY). Given the improved growth and margin outlook across segments, it upgrades FY22E – FY24E EBIT by 23%-35% and TP by 28%. It values Naukri at 75x FY23E EPS.
Promoter/FII Holdings
Promoters held 38.4 per cent stake in the company as of June 30, 2021, while FIIs held 38 per cent, DIIs 13 per cent and public and other 10.6 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
