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Buy Macrotech Developers; target of Rs 1570: Motilal Oswal

Motilal Oswal is bullish on Macrotech Developers recommended buy rating on the stock with a target price of Rs 1570 in its research report dated August 10, 2022.

August 12, 2022 / 02:37 PM IST
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Motilal Oswal's research report on Macrotech Developers


Macrotech Developers (MDL)’s FY22 Annual Report highlights: a) the management target of 20% pre-sales CAGR in the medium term along with consistent improvement in RoE, b) accelerated deleveraging of balance sheet that is likely to reach 1x Net Debt/OCF in FY23 and c) active risk mitigation strategies to minimize the adverse impact of macroeconomic challenges.


Outlook


At CMP, the stock trades at 1.0x P/NAV indicating limited premium for growth that the company will achieve beyond FY23E. Maintain BUY with an unchanged SoTP-based TP of INR1,570.


For all recommendations report, click here

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Macrotech Developers - 110822 - moti

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first published: Aug 12, 2022 02:37 pm
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