Just Dial - Hold / Buy on Listing

CMP: 600

Just Dial Ltd. operates a local search engine that provides comprehensive updated information. The Company offers a search engine that includes a variety of categories such as movies, hotels and resorts, taxis and car rentals, insurance, bars, and nightclubs. Just Dial extends its search engine to users throughout India.

We had recommended to apply for JustDial IPO. We are recommending a fresh buy / hold for the below reasons. They have zero long term debt. Revenues have risen from 71 Crores to 277 Crores between 2008 to 2012. Profits have risen from less than 2 Crores to 52 Crores between 2008 to 2012. Profit margins have risen from 2% to 18% between 2008 to 2012. Its outstanding growth. Buy and hold for long term gains.