Buy Affle (India): target of Rs 6580: Sharekhan

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

live

• bselive
• nselive

Volume

Todays L/H

More

×

Sharekhan's research report on Affle (India)

Affle completed the acquisition of Jampp for $41.3 mn. This acquisition would expand its market presence in LatAm and North America, though it would be earnings dilutive in FY2022. Affle is confident of expanding Jampp’s EBITDA margins to high-single digits within a year. Further, margin would improve to company’s level of around 25-27% by FY2024. Presence in high-growth verticals, robust CPCU business model and favourable industry tailwinds makes the management confident of clocking a 25-30% CAGR in revenues over five years. We expect revenue/earnings to post a CAGR of 54%/23% over FY2021-FY2023E.

Outlook

We maintain a Buy on Affle (India) Limited with a PT of Rs. 6,580, given strong revenue growth potential, inorganic expansion into new markets and a presence in high-growth markets.

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.

Read More