Westlife Development Ltd
WESTLIFE DEV

239.50

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Accumulate
Reco. Price
Rs 241.00
We recommend ACCUMULATE as addition of McCafe section to existing restaurants and expansion of restaurants will drive topline. Moreover, ROP 2.0 initiative will help in reduction of capex, thereby leading to higher EBITDA margins. The stock is currently trading at 56.1x EV/EBITDA of FY18E. (Target Price- Rs.258)
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50 DMA (.)
221.86
100 DMA (.)
200.98
200 DMA (.)
206.46
Weekly Range (.)
236.20
256.00
Monthly Range (.)
201.55
264.25
52 Weeks Range (.)
152.00
264.25
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