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Buy Gateway Distriparks; target of Rs 80: Sharekhan

Sharekhan is bullish on Gateway Distriparks has recommended buy rating on the stock with a target price of Rs 80 in its research report dated June 01, 2023.

June 06, 2023 / 13:37 IST
Buy
     
     
    26 Aug, 2025 12:21
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    Sharekhan's research report on Gateway Distriparks

    For Q4FY2023, GDL reported largely in-line operational performance while one-off write offs of prior-period expenses led to PAT beat. CFS operational profitability stays under pressure. For FY2024, the management expects double digit revenue growth for rail while flattish to marginal 1-2% revenue growth for the CFS division. Company will incur Rs. 300 crore of capex over FY2024-FY2025 on two new terminals, upgradation of existing terminals, Jaipur ICD, replacement in vehicle fleet and leasing three rakes.

    Outlook

    We upgrade Gateway Distriparks Limited (GDL) to Buy with a revised price target of Rs. 80, rolling forward our valuation multiple to FY2025 earnings and considering improving export-import growth outlook.

    For all recommendations report, click here

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    Gateway Distriparks - 06 -06 - 2023 - khan

    Broker Research
    first published: Jun 6, 2023 01:37 pm

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