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Buy Gateway Distriparks; target of Rs 150: Sharekhan

Sharekhan is bullish on Gateway Distriparks has recommended buy rating on the stock with a target price of Rs 150 in its research report dated January 19, 2021.

January 29, 2021 / 19:14 IST
     
     
    26 Aug, 2025 12:21
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    Sharekhan's research report on Gateway Distriparks

    For Q3FY2021, GDL reported better-than-expected operational performance led by its Rail division. Strong operational performance along with lower interest expense leads to beat on net earnings. Strong volume growth outlook during FY2023 and FY2024 led by improving EXIM trade environment, commissioning of western DFC line and phase II JNPT expansion. Capex of Rs. 120 crore over the next two years for setting up two satellite rail terminals. Consolidated net debt reduced to Rs. 494 crore from Rs. 681 crore in FY2020.

    Outlook

    We maintain a Buy on Gateway Distriparks Limited (GDL) with arevised SOTP-based PT of Rs. 150 due to its attractive valuations and an improved growth and profitability outlook for its key verticals.

    For all recommendations report, click here

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    Broker Research
    first published: Jan 29, 2021 07:14 pm

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