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Last Updated : May 14, 2019 04:06 PM IST | Source: Moneycontrol.com

Buy Oberoi Realty; target of Rs 628: Motilal Oswal

Motilal Oswal is bullish on Oberoi Realty has recommended buy rating on the stock with a target price of Rs 628 in its research report dated May 13, 2019.

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Motilal Oswal's research report on Oberoi Realty


Sales volume grew 11% YoY to 0.14msf (our estimate: 0.17msf), while sales value increased 21% YoY to INR3.2b in 4QFY19. Overall collections declined 26% YoY to INR4b. Revenue grew 66% YoY to INR5.7b (our estimate: INR5.4b). EBITDA margin shrank 1,650bp YoY to 36.6% (our estimate: 41.8%), reflecting a higher contribution from Skycity.


Outlook


Thus, we reiterate our Buy rating on the stock with an SOTP-based TP of INR628/share. Our calculation captures the value emerging from the company’s existing development potential. Maintain Buy.


For all recommendations report, click here


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First Published on May 14, 2019 04:06 pm
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