NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
We initiate a bullish Buy rating on Puravankara Ltd. based on following factors:
Presales to grow at 20% compound annual growth rate over FY23-26E,
Debt and debt coverage well under control,
strong execution track record over the decade,
strong profit and loss recognition expected in next five-seven years,
paradigm shift in focus following onboarding of new Chief Executive Officer.
Key risks
Demand for residential projects to remain intact for next three-four years.
Inability to sign new projects in MMR and Pune might affect growth in new geographies.
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