NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
We estimate 14-15% revenue compound annual growth rate for ICRA Ltd. over FY24-27 assuming sustained growth in credit ratings, moderate scale-up of ESG Ratings and some growth recovery in Knowledge Services.
Profit after tax growth/return on equity expansion would likely be much faster from FY26 with resumption of margin improvement.
Our estimates do not factor any new revenue opportunities that company could be exploring and inorganic growth through compatible acquisitions. ICRA is trading at 29 times P/E on FY27 earnings.
We increase 12 months target price to Rs 7500 by rolling over valuation to FY27.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
V-Mart Q2 Results Review - Strong SSSG Growth, Lower LimeRoad Losses Drive Beat: Motilal Oswal
Oct 31, 2024
ACC Q2 Results Review - Volume Growth Remains Exceptional; Maintain 'Buy': Systematix
Oct 25, 2024
Petronet LNG Q2 Results Review - Strong Volume Growth Guidance For FY26; Upgrade To 'Buy': Systematix
Oct 25, 2024
Cyient DLM Gets A 'Buy' As DRChoksey Initiates Coverage; Sees 18% Upside
Oct 16, 2024
POPULAR