JM Financial maintains Buy on Juniper Hotels, target price Rs 410

JM Financial maintains a Buy call on Juniper Hotels with an unchanged target price of Rs 410. The current market price of Juniper Hotels is Rs 313.65. The time period given by the analyst is a year when Juniper Hotels price can reach defined target. Juniper Hotels, incorporated in 1985, is a Small Cap company with a market cap of Rs 7021.06 crore, operating in Tourism & Hospitality sector.

Juniper Hotels' key products/revenue segments include Income from Rooms, Restaurants & Other Services for the year ending 31-Mar-2024.

Financials

For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 286.95 crore, up 9.95% from last quarter Total Income of Rs 260.98 crore and up 15.62% from last year same quarter Total Income of Rs 248.18 crore. The company has reported net profit after tax of Rs 54.95 crore in the latest quarter.

The company?s top management includes Mr.Arun Kumar Saraf, Mrs.Namita Saraf, Mr.David Peters, Mr.Elton Wong, Mrs.Pallavi Shroff, Mr.Sunil Mehta, Mr.Rajiv Kaul, Mr.Avali Srinivasan, Mr.Arun Kumar Saraf, Mrs.Namita Saraf, Mr.David Peters, Mr.Elton Wong, Mrs.Pallavi Shroff, Mr.Sunil Mehta, Mr.Rajiv Kaul, Mr.Arun Kumar Saraf, Mr.Avali Srinivasan, Mrs.Namita Saraf, Mr.David Peters, Mr.Elton Wong, Mrs.Pallavi Shroff, Mr.Sunil Mehta, Mr.Rajiv Kaul, Mr.Avali Srinivasan, Mr.Arun Kumar Saraf, Mrs.Namita Saraf, Mr.David Peters, Mr.Elton Wong, Mrs.Pallavi Shroff, Mr.Sunil Mehta, Mr.Rajiv Kaul, Mr.Avali Srinivasan. Company has SRBC & Co LLP as its auditors. As on 31-03-2025, the company has a total of 22 crore shares outstanding.

Investment Rationale
JM Financial estimates revenue CAGR of c.14% and EBITDA CAGR of c.22% over FY25-28E, and expect EBITDA margin to reach 43% by FY28E. EBITDA growth will be driven by ramp-up in new inventory and higher ancillary revenue at GHM. The brokerage maintains BUY with a target price of Rs 410, valuing Juniper at 18x Mar?27 EBITDA.

Promoter/FII Holdings
Promoters held 77.53 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.41 per cent, DIIs 10.7 per cent.