Info Edge (India) Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 61048.82 Crore) operating in Services sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 311.42 Crore, up 7.43 % from last quarter Total Income of Rs 289.88 Crore and down -13.43 % from last year same quarter Total Income of Rs 359.74 Crore. Company reported net profit after tax of Rs 773.06 Crore in latest quarter.
Investment Rationale
The brokerage analysis hints at a strong impending catch up on white collar hiring by India Inc., even accounting for technology led productivity gains. Given its track record of identifying scalable internet businesses early, the brokerage expects continued high IRR on investible cash (~Rs 44bn, incl Zomato OFS proceeds). It upgrades the stock to BUY (from SELL earlier) with SoTP-based TP of Rs 6,000.
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.
(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.
