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Buy Mahindra Logistics: target of Rs 727: Sharekhan

Sharekhan is bullish on Mahindra Logistics has recommended buy rating on the stock with a target price of Rs 727 in its research report dated July 28, 2021.

July 29, 2021 / 04:54 PM IST
 
 
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Sharekhan's research report on Mahindra Logistics


MLL reported strong beat on net earnings for Q1FY2022 led by higher than expected revenues along with better OPM. It is targeting to add 4msf built-to-suit warehousing space over fifteen months. Warehousing services is slated to comprise 30% of the targeted Rs. 10,000 crore overall revenues in FY2026. It has been able to largely preserve Rs. 253 cash as on FY2021 after funding for capex. MLL is favourably placed among parent group’s entities in terms of its growth potential and capital allocation going ahead.



Outlook


We retain Buy on Mahindra Logistics Limited (MLL) with a revised PT of Rs. 727, considering its strong net earnings growth outlook over FY2021-FY2024E.


For all recommendations report, click here

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first published: Jul 29, 2021 04:54 pm

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