Hold Gateway Distriparks, target price Rs 75: ICICI Direct

Gateway Distriparks, incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 3202.72 Crore) operating in General sector.

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Promoters held 32.12 per cent stake in the company as of 31-Dec-2022, while FIIs owned 15.07 per cent, DIIs 38.59 per cent.Nirmal Bang has recommended buy rating on the stock with a target price of Rs 89.Here are the key strong points of the stock according to Trendlyne.com SWOT analysis.Strong annual EPS growthEffectively using its capital to generate profit - RoCE improving in last 2 yearsGrowth in quarterly net profit with increasing profit margin (YoY)Company with low debtFII/FPI or Institutions increasing their shareholdingMACD crossed above zero line previous end of day
ICICI Direct has hold call on Gateway Distriparks with a target price of Rs 75. The current market price of Gateway Distriparks is Rs 64.08.

Gateway Distriparks, incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 3202.72 Crore) operating in General sector.

Gateway Distriparks key Products/Revenue Segments include Services ( Transportation ) and Rent for the year ending 31-Mar-2022.


Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 343.96 Crore, down -4.96 % from last quarter Total Income of Rs 361.91 Crore and down -3.39 % from last year same quarter Total Income of Rs 356.04 Crore. Company has reported net profit after tax of Rs 53.80 Crore in latest quarter.

The company’s top management includes Mr.Prem Kishan Dass Gupta, Mr.Ishaan Gupta, Mr.Samvid Gupta, Ms.Vanita Yadav, Mr.Anil Aggarwal, Mr.Arun Kumar Gupta. Company has S R Batliboi & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 50 Crore shares outstanding.

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Promoter/FII Holdings
Promoters held 32.12 per cent stake in the company as of 31-Dec-2022, while FIIs owned 15.07 per cent, DIIs 38.59 per cent.
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