Buy Burger King India, target price Rs 210: Motilal Oswal
Burger King India is one of the youngest and fastest growing players in India’s quick service restaurant (QSR) sector.
By ETMarkets.com | Updated:
Agencies
Motilal Oswal has buy call on Burger King India with a target price of Rs 210. The current market price of Burger King India Ltd. is Rs 168.6. Time period given by analyst is one year when Burger King India Ltd. price can reach defined target.
Burger King India is one of the youngest and fastest growing players in India’s quick service restaurant (QSR) sector. It is focused on establishing and operating Burger King restaurants across India. The brand is globally popular for its signature product Whopper. BURGER KING offers its services via four channels – dine-in, takeaway, delivery and drive-thrus.
Investment Rationale
The brokerage believes BURGER KING’s premium multiples are likely to sustain on account of its strong growth profile. It initiates coverage with Buy rating and TP of INR210 (28x Sep’25 EV/EBITDA). Based on a three-year perspective, it arrives at a TP of INR365 per share (30% CAGR), assuming 25x multiple.
Promoter/FII Holdings
Promoters held 52.7 per cent stake in the company as of March 31, 2021, while FIIs held 14.7 per cent, DIIs 5.6 per cent and public and others 27 per cent.
Burger King India is one of the youngest and fastest growing players in India’s quick service restaurant (QSR) sector. It is focused on establishing and operating Burger King restaurants across India. The brand is globally popular for its signature product Whopper. BURGER KING offers its services via four channels – dine-in, takeaway, delivery and drive-thrus.
Investment Rationale
The brokerage believes BURGER KING’s premium multiples are likely to sustain on account of its strong growth profile. It initiates coverage with Buy rating and TP of INR210 (28x Sep’25 EV/EBITDA). Based on a three-year perspective, it arrives at a TP of INR365 per share (30% CAGR), assuming 25x multiple.
Promoter/FII Holdings
Promoters held 52.7 per cent stake in the company as of March 31, 2021, while FIIs held 14.7 per cent, DIIs 5.6 per cent and public and others 27 per cent.
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