Buy EFC (I); target of Rs 429: Profitmart

Profitmart is bullish on EFC (I) has recommended buy rating on the stock with a target price of Rs 429 in its research report dated October 13, 2023.

Broker Research

October 15, 2023 / 11:26 IST

Buy

26 Aug, 2025 12:21

Volume

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Profitmart research report on EFC (I)

Incorporated in 1984, EFC (I) Ltd is the flagship company of the EFC Group & is in the business of providing office space solutions like Co-working Spaces, Enterprise Offices, Asset Renting, Turnkey Projects & provides complete Fit Out Solutions via its subsidiary Whitehills Design Ltd. EFC Ltd. was founded in 2017 by Mr Umesh Sahay and Mr Abhishek Narbaria, both first generation entrepreneurs with professional backgrounds in real estate & property management. EFC specializes in delivering fully functional office spaces, offering flexible leasing arrangements accompanied by a comprehensive suite of business support services and amenities & currently is geographically spread out in 7 locations namely Pune, Ahmedabad, Noida, Hyderabad, Mumbai, Chennai & Kolkata with around 32000 seats as on date.

Outlook

Hence we believe that the EFC stock should be purchased at the current price for a price target of around Rs 429 over the next 12 to 18 months which is based on FY25E EV/EBIDTA multiple of 14x.

For all recommendations report, click here