Buy Talwalkars Better Value Fitness; target of Rs 396: CD Equisearch

CD Equisearch is bullish on Talwalkars Better Value Fitness has recommended buy rating on the stock with a target price of Rs 396 in its research report dated January 31, 2018.

Broker Research

January 31, 2018 / 16:30 IST

26 Aug, 2025 12:21

Volume

Todays L/H

CD Equisearch's research report on Talwalkars Better Value Fitness
Global health club industry is on a growth trajectory with estimated revenue of ~USD 83.1 billion with 2 lakh clubs and 162 million members across the world in 2016, according to IHRSA Global Report, 2017. North American and European markets continued to grow, while impressive performance was witnessed in Latin American markets. With approximately 3800 health club facilities in 2016 with ~1 million members, IHRSA expects Indian wellness industry to thrive, serving consumers with a gamut of health and fitness needs. The sector has a promising outlook and club operators are well positioned to benefit from increasing consumer interest in maintaining and improving health to ensure healthy lives for as long as possible.

Outlook

Yet, increase in debt due to aggressive expansion strategy cannot be overlooked. More or less we retain our previous EPS estimates for FY18 and FY19 respectively and we recommend ‘buy’ rating on the stock with target price of Rs 396 (previous target Rs 373) based on 12.0x FY19e EPS of Rs 32.97 over a period of 9-12 months.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.