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Buy Oberoi Realty; target of Rs 946: Hem Securities

Hem Securities is bullish on Oberoi Realty has recommended buy rating on the stock with a target price of Rs 946 in its research report dated May 30, 2022.

May 31, 2022 / 07:27 PM IST
 
 
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Hem Securities report on Oberoi Realty


The company increased its net debt to equity ratio from 0.16x in FY22 from 0.13x in FY21. ROCE of the company improved to 11.36% in FY22 from 7.78% in FY21. Consolidated EBITDA stood at Rs. 1181 cr grew by 17.98% YoY with margin of 44% (decreased by 500 Bps YoY). Revenue for the quarter stood at Rs.2694 cr, up 31.25% YoY.



Outlook


We initiate BUY rating on stock and value the stock at 20x FY24 earnings to arrive at the target of Rs.946.

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first published: May 31, 2022 07:27 pm
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