The Economic Times daily newspaper is available online now.

    Buy Wonderla Holidays, target price Rs 425: Sharekhan by BNP Paribas

    Synopsis

    Wonderla Holidays, incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 1963.73 Crore) operating in Tourism & Hospitality sector.

    Buy
    Promoters held 69.74 per cent stake in the company as of 30-Sep-2022, while FIIs owned 7.73 per cent, DIIs 0.68 per cent.
    Sharekhan by BNP Paribas has buy call on Wonderla Holidays with a target price of Rs 425. The current market price of Wonderla Holidays is Rs 346.4.

    Wonderla Holidays, incorporated in the year 2002, is a Small Cap company (having a market cap of Rs 1963.73 Crore) operating in Tourism & Hospitality sector.

    Wonderla Holidays key Products/Revenue Segments include Sale of services, Cooked Foods, Readymade Garments, Soft Drinks (Traded), Others and Other Operating Revenue for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 30-09-2022, the company has reported a Standalone Total Income of Rs 69.73 Crore, down -54.22 % from last quarter Total Income of Rs 152.30 Crore and up 280.54 % from last year same quarter Total Income of Rs 18.32 Crore. Company has reported net profit after tax of Rs 10.53 Crore in latest quarter.

    The company’s top management includes Mr.Kochouseph Chittilappilly, Mr.Gopal Srinivasan, Mrs.Anjali Nair, Mr.K Ullas Kamath, Mr.Kochouseph Chittilappilly, Mr.M Ramachandran, Mr.R Lakshminarayanan, Mr.Arun K Chittilappilly, Mr.George Joseph, Ms.Priya Sarah Cheeran Joseph, Mr.Gopal Srinivasan, Mrs.Anjali Nair, Ms.Priya Sarah Cheeran Joseph, Mr.George Joseph, Mr.Arun K Chittilappilly, Mr.M Ramachandran, Mr.R Lakshminarayanan, Mr.Arun K Chittilappilly, Mr.George Joseph, Ms.Priya Sarah Cheeran Joseph, Mr.Gopal Srinivasan, Mrs.Anjali Nair, Mr.K Ullas Kamath, Mr.Kochouseph Chittilappilly, Mr.M Ramachandran, Mr.R Lakshminarayanan, Mr.K Ullas Kamath. Company has BSR & Associates LLP as its auditors. As on 30-09-2022, the company has a total of 6 Crore shares outstanding.

    Investment Rationale
    The brokerage reiterates Buy on Wonderla Holidays Limited (Wonderla) with a PT of Rs. 425. The stock is its preferred pick in the small-cap discretionary space with a strong brand presence in the amusement park space coupled with a lean balance sheet despite an asset-heavy model. The stock trades at12.3x/10.5x its FY2023/FY2024E EV/EBIDTA.

    Promoter/FII Holdings
    Promoters held 69.74 per cent stake in the company as of 30-Sep-2022, while FIIs owned 7.73 per cent, DIIs 0.68 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in