Last Mile Enterprises Ltd
Value Pick: Best Share to buy today
Financial Highlights
Revenue
₹7,156.34 lakhs
Q3 FY2024Profit Before Tax
₹1,156.47 lakhs
Steady growth from Q2Net Profit
₹865.71 lakhs
Strong performanceKey Market Metrics
Market Cap
₹1,112 Cr.
Current Price
₹406
52-Week: ₹980/₹340Book Value
₹134 per share
Performance Indicators
ROCE
5.72%
ROE
3.88%
Debt
₹39 Cr.
Growth Drivers
Business Diversification
Operating in real estate, general trading, and mobile accessories with significant revenue contribution of ₹8,396.01 lakhs from mobile segment.
Strategic Acquisitions
Successful integration of Damson Technologies and Fair Lane Realty, enhancing technological capabilities and real estate presence.
Digital Transformation
Focused expansion in e-commerce and digital platforms for mobile accessories business.
Financial Projections
- Nine-month revenue: ₹11,080.60 lakhs (vs ₹14.06 lakhs previous year)
- Profit after tax: ₹1,237.95 lakhs
- Basic EPS: ₹3.00
Risk Assessment
Sector-Specific Risks
Real estate demand fluctuations and mobile accessories market saturation.
Financial Risks
Increased leverage post-expansion and acquisition integration challenges.
Regulatory Risks
Ongoing compliance requirements with SEBI and real estate regulations.
Valuation Analysis
Based on current EPS of ₹3.00 and industry average P/E of ~20x:
P/E Based Value
₹60 per share
DCF Range
₹55-₹65
Investment Thesis
Last Mile Enterprises Ltd demonstrates strong growth potential through its diversified operations, revenue momentum, and strategic acquisitions. While acknowledging inherent risks, the company’s growth strategy and operational focus position it as a moderate-risk, high-reward investment opportunity for long-term investors.
This report is for informational purposes only and does not constitute investment advice. Investors are advised to consult their financial advisor before making investment decisions.
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