Landing gear retracted; charting a steep trajectory

Company
12 Mar 2024
5 Min read 
  • DreamFolks is India's leading airport services aggregator and tech platform with a dominant market share.
  •  The company is expected to benefit from the growth in the Indian airline industry.
  •  Increasing adoption of bank cards with lounge access is boosting pay-per-use revenue.
  •  DFS is expanding internationally, providing a significant opportunity for growth.
  •  Initiating coverage with a BUY rating and a target price of INR 650.
  •  DFS expects improved gross margin, healthy EBIT margin, and PAT CAGR in FY25 and FY26.
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