Buy Gateway Distriparks; target of Rs 100: ICICI Direct

ICICI Direct's research report on Gateway Distriparks

GDL has a diversified presence in logistics verticals like container train operators (CTO), cold chain logistics and container freight stations. • Rail segment comprises ~70% of consolidated revenues, with the rest being contributed by CFS • Has five intermodal terminals, built on owned land at key areas along WDFC.

Outlook

We remain positive on the stock and maintain our BUY recommendation. We value the stock at Rs 100 i.e. 21x P/E on FY23E EPS.

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