Hem Securities has given Buy recommendation for Intellect Design Arena with a target price of Rs. 768 in its research report issued on Jun 06, 2022
Hem Securities report on Intellect Design Arena
Intellect Design Arena Ltd Q4FY22 consolidated revenues came in at ₹509.4 Cr, up 28.1% YoY and up 0.2% QoQ. EBITDA for Q4FY22 stood at ₹120.6 Cr, up 20.6% YoY and down 9.3% QoQ. EBITDA margins for Q4FY22 came at 23.6% as compared to 26.2% in Q3FY22 and 25.1% in Q4FY21. PAT for Q4FY22 stood at ₹95.3 Cr, up 16.0% YoY and down 5.8% QoQ.
We give a “BUY” rating on the stock and value the stock at 21.5x FY24E earnings to arrive at the target of ₹768.