Motilal Oswal keeps ‘buy’ on TBO Tek, sets INR1,850 target price
AI Market Summary
Motilal Oswal reiterated a "Buy" on TBO Tek after a strong 1QFY27 beat, with revenue up 81% YoY and EBITDA margin at 15.5%, aided by the Classic Vacations consolidation and 16% organic growth. Operating leverage improved as gross profit grew faster than SG&A. The report projects robust FY26–28 growth in revenue, EBITDA, and profit, supportive for Indian travel and broader local risk sentiment.
Impact level
● Low
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NCSINIFTY52USD/USDT+0.01%
AI Insight · NCSINIFTY52USD/USDTAI Insight
▲ Bullish
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Motilal Oswal has reiterated a “buy” rating on TBO Tek with a target price of INR1,850. For 1QFY27, the company reported revenue up 81% year on year to INR9,258m, with EBITDA at INR1,435m and a margin of 15.5%, all well ahead of expectations. Organic revenue rose 16% to INR5,950m, while operating leverage helped gross profit growth outpace SG&A growth. The report forecasts FY26-28 CAGRs of 35% for revenue, 46% for EBITDA and 52% for PAT.
