IIFL initates coverage on Capacite. Target seems very conservative. I believe with healthy order book and capable management, we can see good returns in this counter over next few years.
Highlights of report:
Order book driven by marquee clients and repeat contracts
Current order book consists primarily of residential real estate projects(91%)
Large order book and healthy project pipeline provide growth visibility. High revenue growth visibility
for next 3.5 years.
capacite.pdf (300.4 KB)