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.
IDBI Capital Report
The brokerage firm IDBI Capital has initiated coverage on Brigade Hotel Ventures Ltd. with a Buy rating and setting a target price of Rs 86, valuing it at 14x EV/Ebitda on FY28E.
Brigade Hotel Ventures has a portfolio of nine operating hotels with 1,604 keys at the end of FY26. The brokerage is optimistic on the company considering-
- its strong foothold in key Southern markets;
- active asset management, which will drive operational efficiencies;
- strong parentage of Brigade Group;
- aggressive expansion plan in high growth markets; and
- lucrative valuation at current level.
PL Capital forecasts net sales/Ebitda compound annual growth rate of 22.8%/28.3% over FY26-28E and we believe the long-term growth is more promising given majority of the new assets (commanding higher ADR and operating margin) would be operational by end of FY30E.
Click on the attachment to read the full report:
ALSO READ: LTIMindtree Shares in Focus: PL Capital Sees Limited Upside, Maintains 'Hold' — Check Target Price
DISCLAIMER
This report is authored by an external party. NDTV Profit 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 author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
