Sharekhan's research report on Gateway Distriparks
For Q4FY2024, GDL reported lower-than-expected performance owing to below-estimated volumes in rail and deteriorating operational profitability in CFS led by one-offs. For FY2025, management retained double-digit volume growth for rail although EBITDA/TEU may come lower at Rs. 9,500 versus earlier guidance of Rs. 9,700. CFS is expected to stay muted with EBITDA/TEU maintained at Rs. 1,500. The company is yet finalising plans for the addition of two new terminals at a capex of Rs. 100-200 crore per terminal, while Jaipur ICD continues to face land issues.
Outlook
We upgrade Gateway Distriparks Limited (GDL) to BUY with an unchanged PT of Rs. 121, expecting growth revival led by rise in domestic manufacturing and EXIM growth.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
