BUY : 63 - 65
SL : 53 (Trail SL based on Price Movement)
TARGET 1 ---- 70 ( 10% from Entry )
TARGET 2 ---- 77 ( 20% from Entry )
TARGET 3 ---- 83 ( 30% from Entry )
TRADING VIEW CHART LINK
ABOUT COMPANY
Coffee Day Enterprises Ltd is the holding company of the Coffee Day Group. The Group is in the business of coffee retail and exports, hospitality and consultancy services
PROS
Company has reduced debt.
Stock is trading at 0.34 times its book value
Debtor days have improved from 39.38 to 23.52 days.
CONS
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -22.38% over past five years.
Promoter holding is low: 14.88%
Promoters have pledged 51.45% of their holding.
Promoter holding has decreased over last 3 years: -39.05%
ANNUAL REPORT FINANCIAL YEAR 2021
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