Shivam AGARWAL

Shivam AGARWAL

Associate
(91) 22 4161 1500
shivam.agarwal@incredresearch.com
Executive Summary

Valuation
Company Industry Sector Rating MktCap
(US$bn)		 Price Target
Price		 Up/
down (%)		 CORE EPS EPS Growth (%) PER (x) P/Bk (x) EV/EBITDA (x) Yield (%) ROAE (%)
FY24 FY25F FY26F FY25F FY26F FY25F FY26F FY25F FY26F FY25F FY25F FY25F
Adani Ports & Special Economic Zone Ltd Ports Transport Infrastructure ADD 37.1 1,472 1,457 (1.0)% 37.2 47.2 59.6 27.1% 26.2% 31.16 24.70 5.15 4.38 19.63 0.46% 21.1%
Astral Ltd. Building Materials Construction and Materials REDUCE 4.8 1,526 1,200 (21.4)% 20.3 19.5 20.4 (4.1%) 4.7% 78.38 74.83 11.35 10.11 42.99 0.00% 15.4%
Blue Dart Express Ltd Logistics Services HOLD 1.8 6,501 7,000 7.7% 126.7 107.9 129.9 (14.8%) 20.4% 60.26 50.05 10.02 8.80 17.49 0.44% 17.6%
Container Corp of India Ltd Logistics Services ADD 5.8 810 970 19.8% 20.6 21.2 25.5 3.2% 20.3% 38.11 31.68 3.99 3.67 24.66 1.42% 10.0%
Dilip Buildcon Ltd Construction and Materials Construction and Materials HOLD 0.8 490 496 1.4% 13.7 15.0 22.7 9.3% 50.9% 32.56 21.58 1.57 1.47 9.92 0.25% 8.5%
Finolex Industries Building Materials Construction and Materials HOLD 1.6 218 252 15.3% 7.7 13.5 10.1 76.2% (25.1%) 16.17 21.59 1.94 1.82 21.17 0.93% 11.0%
Gujarat Pipavav Port Ltd Ports Transport Infrastructure HOLD 0.9 157 137 (12.9)% 7.3 8.2 8.8 12.0% 7.7% 19.19 17.83 3.54 3.47 11.14 4.45% 18.7%
InterGlobe Aviation Ltd Airlines Aviation REDUCE 24.7 5,481 3,030 (44.7)% 211.7 155.0 83.0 (26.8%) (46.5%) 35.36 66.06 26.73 19.03 15.28 0.00% 100.0%
IRB Infrastructure Developers Ltd Construction and Materials Construction and Materials HOLD 3.6 52 49 (5.1)% 1.0 2.5 2.8 147.3% 13.4% 20.82 18.35 2.07 1.89 10.47 0.65% 9.9%
IRB InvIT Fund Construction and Materials Construction and Materials ADD 0.4 60 65 8.3% 6.8 5.6 5.5 (17.5%) (1.2%) 10.71 10.84 0.86 0.88 6.29 5.98% 8.2%
JSW Infrastructure Ltd Ports Transport Infrastructure REDUCE 7.4 304 172 (43.4)% 5.5 6.7 6.9 22.1% 3.9% 45.58 43.85 6.82 5.90 29.23 0.00% 16.3%
KNR Constructions Ltd Construction and Materials Construction and Materials HOLD 0.7 211 246 16.5% 27.6 20.3 18.7 (26.6%) (8.0%) 10.41 11.31 1.45 1.29 10.94 0.30% 18.3%
NCC Ltd Construction and Materials Construction and Materials HOLD 1.7 238 223 (6.3)% 11.3 13.6 15.9 20.0% 16.7% 17.51 15.00 2.01 1.78 9.03 0.34% 16.3%
PNC Infratech Ltd Construction and Materials Construction and Materials ADD 0.9 305 350 14.7% 35.4 9.1 13.0 (74.4%) 43.9% 33.67 23.40 1.45 1.37 12.46 0.23% 9.7%
Supreme Industries Building Materials Construction and Materials HOLD 6.4 4,346 3,527 (18.8)% 84.2 75.6 85.9 (10.2%) 13.5% 57.46 50.60 9.75 8.86 37.88 0.78% 23.0%
VRL Logistics Ltd Transport Transport (General) ADD 0.6 563 650 15.3% 10.1 17.8 19.4 75.9% 9.2% 31.68 29.02 4.70 4.26 10.68 1.06% 15.6%
Show More

Recent Research

More Reports