Kolte Patil
Developers Ltd closes at ₹166.35 with a Gain of +2.70 % on 26-June-
2020 with formation of a Green Candle on Daily Price
Chart.
About the
Company : Kolte-Patil Developers operates as a
real estate development company. It focuses on the development of residential
projects, commercial projects, information technology (IT) parks, integrated
townships, and hospitality projects.
The Company has
posted Net Sales / Revenue of ₹1129.50
Cr & Net Profit of ₹65.70 Cr in FY2020 and expected to post Net Sales
/ Revenue of ₹949.50 Cr & Net Profit of ₹56.50 Cr in FY2021 and Net Sales / Revenue of ₹1245.40 Cr & Net Profit of ₹112.10Cr in FY2022 .
Valuations : The Company is now Trading at X 1.10 of its Value. We have valued the company with
its expected Financial Year 2020
earnings , which is now almost ~10% Premium to its value & X1.31 of its FY2021 earning with a Premium of ~31%
and X 0.66 of its FY2022 earning with a Discount of ~ 34%.
Return on
Equity which is 5.80% in FY2020 is expected to grow to highest level of 9% in
FY2022.
“ For the year FY20, sales stood at 2.5mn sqft (-7% YoY),
pre-sales at Rs 13.1bn (-8% YoY), average realization at Rs 5,280 (- 0.4% YoY)
and collections at Rs 13.7bn (+10% YoY) “ -
The Fare
Value of Equity Per Share is ₹126 for FY2021 and ₹250 for FY2022.
Any Fall in Price ( ₹126 for FY2021 ) will make it
attractive for portfolio.
Disclaimer : We are / may going to take exposure
shortly.
The author tracks
economic, behavioural and corporate tends, hoping to gauge good avenues of
return based on Fundamental Valuations of Stocks, a follower of EPV
method. You can reach me/us at |
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