kurrent

kurrent

Fundamental Slightly pricy pick with FY27E P/E around 40x but EPS until FY27E from FY24 is expected to grow at around 30% CAGR, along with that they have the 2nd most market share in India's branded stationery and art products, holding roughly 12%. ITC is at no.1 with 20% market share. Hindustan Pencil is no.3 with 8% market share. Based on a statista report,...

kurrent

Based on the estimated 2026 EBITDA of 76 Crs INR and Forward EV/EBITDA multiple of 21x, I think the stock may have an FV of 94 INR (upside of 20% from 79 INR). The EBITDA projection stems from assuming higher capacity utilization in 2026. The current capacity of the hospital is sitting around 71%, due to their recent expansion. I am of the view that as they...