Inkel Limited FY24 Results: Overvalued or Still a Buy? What Should Investors Do? | Inkel Share
Inkel Limited has announced its FY24 results. Let's quickly go over everything in just 1 minute!
Total Revenue: It has declined by 2%. In FY23, it was ₹81 crore, and now in FY24, it has dropped to ₹79 crore.
PAT (Profit After Tax): There has been a significant improvement! PAT has increased by 26%, rising from ₹13 crore to ₹16 crore.
EPS (Earnings Per Share): It has jumped by 26%, reaching 1.
Total Assets: With a 6% increase, total assets now stand at ₹351 crore.
Total Equity: Equity has grown by 4%, reaching ₹213 crore.
Valuation: The Price to Book ratio is 2.08, which makes it overvalued compared to its peers.
Therefore, existing investors may consider profit booking. And, to explore better investment opportunities, you can connect with Planify.
About Inkel Limited:
INKEL Ltd is a Public Private Partnership (PPP) initiative which brings together government agencies, prominent global investors, NRI industrialists/ businessmen. Government of Kerala has established INKEL Ltd with specific objective of channelizing private capital as well as professional expertise into large scale projects viz industrial business park, roads and bridges, power, transport, trade centres etc. INKEL is on track to emerge as an one stop destination for implementing large scale infrastructural projects and an instrument for fast track development of the state’s economy. It will provide a conductive platform for private investors in Kerala and beyond.
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