Time period given by analyst is one year when Westlife Development Ltd. price can reach defined target.
Westlife Development Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 9179.91 Crore) operating in Tourism & Hospitality sector.
Westlife Development Ltd. key Products/Revenue Segments include Income From Sale Of Share & Securities for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 265.57 Crore, down -26.41 % from last quarter Total Income of Rs 360.87 Crore and up 136.93 % from last year same quarter Total Income of Rs 112.09 Crore. Company reported net profit after tax of Rs -33.39 Crore in latest quarter.
Investment Rationale
The brokerage forecasts healthy sales/EBITDA growth of 10%/20% in FY20-24. The large penetration opportunity, increased pace of expansion and margin gains keep them optimistic. Valuations at a discount to peers make it an attractive long term bet. Maintain Buy with a revised TP of Rs680 (vs. Rs630 earlier), based on rollover to Dec’23E EBITDA and higher multiple of 34x Pre-IndAS EBITDA vs. 32x earlier, on improved long-term EBIT growth outlook
Promoter/FII Holdings
Promoters held 57.14 per cent stake in the company as of 30-Sep-2021, while FIIs owned 11.01 per cent, DIIs 22.01 per cent.
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