ICNT
from 391 today
Indo Count (ICNT) revenue grew at a robust 26% YoY to INR12b in 1QFY27, led by the new business. We expect a CAGR of 21%, 45%, and 90% in revenue, EBITDA, and PAT, respectively, over FY26-28, fueled by growth in the emerging business, followed by core portfolio, and reiterate our BUY rating with a TP of INR550.
We expect ICNT's growth to be driven by emerging business, followed by the core business, delivering a 21%, 45%, and 90% CAGR in revenue, EBITDA, and PAT over FY26-28. We reiterate our BUY rating with a TP of INR550.
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