ICICI Securities: Gateway Distriparks -Multiple Triggers At Play
BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Given the encouraging performance of rail freight and container freight stations (CFS) businesses in Q2 FY21, Gateway Distripark Ltd.’s management has upped its volume guidance for FY21 from 70% of FY20 volumes to 90%.
Rail and CFS businesses continue to chart better margin trajectory than expected.
The company has been able to display meaningful deleveraging over H1 CY20, helped by rights issuance; capital structure no longer poses a concern in our view.
Also, CY20 brings in meaningful opportunity for Snowman Logistics given the evolving scope for Covid-19 vaccine distribution in India.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.