Tuesday, August 25, 2020

Matrimony.com Ltd – A Net Profit Multiplier

Matrimony.com Ltd closes   at 547.45 with  a  Fall    of  -4.30 %   on    21-Aug-2020   with formation of  a  Red  Candle    on Daily  Price Chart.
About the Company : Matrimony.com is engaged in offers online matchmaking services on internet and mobile platforms. The Company delivers matchmaking services to users in India and the Indian diaspora through websites, mobile sites and mobile apps complemented by a wide on-the-ground network in India.
Matrimony.com Ltd has posted Net Sales / Revenue   of 371.80 Cr  & Net Profit  of 29.50 Cr in FY2020 and expected to post Net Sales / Revenue   of 383.30 Cr & Net Profit of ₹42.20 Cr in FY2021 and Net Sales / Revenue   of 435.10 Cr & Net Profit of 62.60 Cr in FY2022  & Net Sales / Revenue   of 474.80 Cr & Net Profit of 96.80  Cr in FY2023 .
EPS which is 13 for FY2020 will improve to 42.0 by FY2023 & OPM from 7.13% in FY2020 to 23.20% by FY2023 and Net Margin from 7.94% in FY2020 to 20.4% during the same period.
Valuations  :  The Company is now Trading at X 3.60  of its  valuations ( last 4Quaters earnings considered here)at ~260% premium  and at X1.74  of its FY 2021, which is now almost  ~74%  Premium to its value  and X1.17  of its FY2022 earnings with a Premium  of ~ 17% & X0.76 of its FY2023 earnings with a Discount of ~24%

The Fare Value of Equity Per Share is 311.00 for FY2021 & 462.00 for FY2022 and 714.00 for FY2023, which Translate the Price of per share  to 2572.00 for FY2023.

Disclaimer : We are / may going to take exposure shortly.

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