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Last Updated : Aug 13, 2019 05:14 PM IST | Source: Moneycontrol.com

Accumulate Wonderla Holidays; target of Rs 278: Dolat Capital

Dolat Capital recommended accumulate rating on Wonderla Holidays with a target price of Rs 278 in its research report dated August 13, 2019.

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Dolat Capital's research report on Wonderla Holidays


Wonderla posted good set of numbers in Q1FY20. Revenue grew 13.2% YoY, driven by 8.2% YoY growth in footfalls and a 4.1% rise in ARPU. Ticket revenue grew by 14% & non ticket revenue grew by 11% in Q1FY20. While Kochi and Bangalore park registered double digit revenue growth, Hyderabad park revenue was restricted due to lower footfalls on account of extreme weather conditions. We have revised our estimates marginally to factor in Q1 performance.


Outlook


Valuing the stock at 20x FY21E PE to arrive at a TP of ` 278. Maintain Accumulate.


 For all recommendations report, click here

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First Published on Aug 13, 2019 05:14 pm
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