SECIS reported an in line revenue (up 12.6% YoY), with margin 20bp above our estimate of 4.5%. PAT was higher at INR 8.25b on account of an income tax benefit under section 80JJAA. With an improving macroeconomic environment, the management commentary suggests a strong pickup in FY23, with an aspirational target of 20% revenue growth. Strong order book, increasing pipeline, and long-term tailwinds from a sector consolidation will help SECIS deliver 15% revenue CAGR (MOSLe) over FY22-24E. SEC...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.