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Add Just Dial Ltd For Target Rs.870 - ICICI Securities Stable core business performance in Q1FY24; new initiatives may take longer to deliver In Q1FY24, JustDial delivered 33.1% YoY revenue growth. This was driven by volume growth, mix improvement and price increases in both B2B and B2C segments. Paid campaigns grew 13.4% YoY. Management also mentioned price increases were taken in Q1FY24 in non-premium listings. We believe this is indicative of robust demand-led growth outlook. Also, B2B is now ~26% of sales, and the management believes this ...
Add Just Dial Ltd For Target Rs.870 - ICICI Securities
Add Just Dial Ltd For Target Rs.870 - ICICI Securities
Source: ICICI Securities Ltd
20/07/2023 11:36:51 AM
Just Dial trades with traction on reporting over 3- fold jump in Q4 consolidated net profit Just Dial is currently trading at Rs. 689.00, up by 39.30 points or 6.05% from its previous closing of Rs. 649.70 on the BSE. The scrip opened at Rs. 665.95 and has touched a high and low of Rs. 696.70 and Rs. 665.00 respectively. So far 116392 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 939.90 on 20-Apr-2022 and a 52 week low of Rs. 520.30 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs...
Just Dial trades with traction on reporting over 3- fold jump in Q4 consolidated net profit
Just Dial trades with traction on reporting over 3- fold jump in Q4 consolidated net profit
Source: Accord Fintech
18/04/2023 11:02:55 AM
Buy Just Dial For Target Rs. 615 - Yes Securities Inline operating performance for the quarter; new initiatives yet to pick up   Result Synopsis Just Dial (JUST) reported inline financial performance for the quarter. Both, sequential revenue growth and EBITDA margin were broadly along expectation. It reported sequential revenue growth of 7.8% QoQ, led by increase in active paid campaigns (up 3.6% QoQ) and increase in average realization by 3.8% QoQ. The growth in the number of paid campaigns sustained recent momentum led by ris...
Buy Just Dial For Target Rs. 615 - Yes Securities
Buy Just Dial For Target Rs. 615 - Yes Securities
Source: Yes Securities Ltd
28/02/2023 3:25:38 PM
Buy Just Dial For Target Rs. 760 - ICICI Direct Strong paid campaign addition likely to continue About the stock: Just Dial (JDL) generates revenues from advertisers on various subscription and fee-based packages * Reliance Retail Ventures now holds a 67% stake in JDL * JDL’s launch of B2B platform will be a key revenue driver in the long run   Q3FY23 Results: JDL’s revenue rebound continued in Q3FY23. Revenues grew 7.8%QoQ to | 221.4 crore * Paid campaigns grew 3.6% QoQ while realisation grew 4.1% QoQ...
Buy Just Dial For Target Rs. 760 - ICICI Direct
Buy Just Dial For Target Rs. 760 - ICICI Direct
Source: ICICI Direct Ltd
28/02/2023 1:56:18 PM
Buy Just Dial For Target Rs.750 - ICICI Securities Strong margin beat, compelling valuation Just Dial’s Q3FY23 revenue grew 7.8% QoQ and 39.3% YoY. EBITDA grew 5.2x YoY as operating margin improved by ~900bps YoY (400bps QoQ). It is now 12.3% vs ISec estimate of 9.4%. Ramping up of hiring in previous 3-4 quarters had resulted in increased employee expenses which led to lower margins over the last year but now they are quickly reverting to steady state margins as they benefit from operating leverage. Deferred revenue increased to Rs4b...
Buy Just Dial For Target Rs.750 - ICICI Securities
Buy Just Dial For Target Rs.750 - ICICI Securities
Source: ICICI Securities Ltd
16/01/2023 3:42:38 PM
Just Dial touches roof on reporting over 3-fold jump in Q3 consolidated net profit Just Dial is currently trading at its upper limit of Rs. 643.65, up by 58.50 points or 10.00% from its previous closing of Rs. 585.15 on the BSE. The scrip opened at Rs. 621.00 and has touched a high and low of Rs. 643.65 and Rs. 621.00 respectively. So far 115734 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 957.50 on 21-Jan-2022 and a 52 week low of Rs. 520.30 on 20-Jun-2022. Last one week high and low of t...
Just Dial touches roof on reporting over 3-fold jump in Q3 consolidated net profit
Just Dial touches roof on reporting over 3-fold jump in Q3 consolidated net profit
Source: Accord Fintech
16/01/2023 12:28:17 PM
Just Dial falls after Reliance Retail Ventures sells 2% stake in company Just Dial is currently trading at Rs. 583.40, down by 6.45 points or 1.09% from its previous closing of Rs. 589.85 on the BSE. The scrip opened at Rs. 592.00 and has touched a high and low of Rs. 598.20 and Rs. 580.25 respectively. So far 8029 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 957.50 on 21-Jan-2022 and a 52 week low of Rs. 520.30 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs....
Just Dial falls after Reliance Retail Ventures sells 2% stake in company
Just Dial falls after Reliance Retail Ventures sells 2% stake in company
Source: Accord Fintech
22/12/2022 12:39:10 PM
Buy Just Dial For Target Rs. 715 - ICICI Direct Looking to reach pre-pandemic paid campaigns in FY23 About the stock: Just Dial (JDL) generates revenues from advertisers on various subscription and fee-based packages. * Reliance Retail Ventures now holds a 67% stake in JDL * JDL’s launch of B2B platform will be a key revenue driver in the long run Q2FY23 Results: JDL reported strong numbers in Q2FY23. * Revenues grew for a second straight quarter with 10%+ QoQ growth to | 205.3 crore * Paid campaigns were up 4....
Buy Just Dial For Target Rs. 715 - ICICI Direct
Buy Just Dial For Target Rs. 715 - ICICI Direct
Source: ICICI Direct Ltd
19/10/2022 2:54:41 PM
Reduce ACC Ltd For Target Rs. 585 - Yes Securities Operating performance inline with expectation; successful rollout of new initiatives critical Result Synopsis Just Dial (JUST) reported inline financial performance for the quarter. Both, sequential revenue growth and EBITDA margin were broadly along expectation. It reported sequential revenue growth of 10.6% QoQ, led by increase in active paid campaigns (up 4.2% QoQ) and increase in average realization by 5.9% QoQ. The growth in the number of paid campaigns sustained recent momentum le...
Reduce ACC Ltd For Target Rs. 585 - Yes Securities
Reduce ACC Ltd For Target Rs. 585 - Yes Securities
Source: Yes Securities Ltd
18/10/2022 9:34:17 AM
Buy Just Dial For Target Rs.750 - ICICI Securities ‘Stealth’ mode on; compelling risk-reward skew We reinitiate coverage on Just Dial with a BUY rating and target price of Rs750 (~32% upside). Just Dial now has ~26% revenue exposure to the B2B ecommerce segment. We think this is likely to be the primary growth driver for the company going forward and grow to ~36% of overall revenue in FY25E buoyed by penetration-led growth in the overall B2B e-commerce market. The stock has corrected ~40% in the past year due, in our view, to c...
Buy Just Dial For Target Rs.750 - ICICI Securities
Buy Just Dial For Target Rs.750 - ICICI Securities
Source: ICICI Securities Ltd
17/10/2022 2:10:05 PM
Just Dial surges on reporting 58% rise in Q2 consolidated net profit Just Dial is currently trading at Rs. 587.00, up by 16.75 points or 2.94% from its previous closing of Rs. 570.25 on the BSE. The scrip opened at Rs. 580.00 and has touched a high and low of Rs. 594.75 and Rs. 580.00 respectively. So far 16741 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 957.50 on 21-Jan-2022 and a 52 week low of Rs. 520.30 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs....
Just Dial surges on reporting 58% rise in Q2 consolidated net profit
Just Dial surges on reporting 58% rise in Q2 consolidated net profit
Source: Accord Fintech
17/10/2022 10:12:49 AM
Reduce Just Dial For Target Rs.550 - Yes Securities Operating margin remains weak Our view and valuation Overall, it reported mixed performance for the quarter. While revenue growth was inline, the operating margin for the quarter was below expectation. The pickup in sequential revenue has been achieved with higher investment in sales; and focus on monthly plans. The pickup in the addition of paid campaigns is expected to remain robust in near to medium term. We expect that EBITDA margin would remain subdued in FY23 before picking up in ...
Reduce Just Dial For Target Rs.550 - Yes Securities
Reduce Just Dial For Target Rs.550 - Yes Securities
Source: Yes Securities Ltd
19/07/2022 11:55:02 AM
Reduce Just Dial Ltd For Target Rs.830 - Yes Securities Pickup in growth at the cost of operating margin Our view and valuation Overall, it reported mixed performance for the quarter. While revenue growth was inline, the operating margin for the quarter was below expectation. The pickup in sequential revenue has been achieved with higher investment in sales; and focus on monthly plans. We expect that operating margin would remain subdued in FY23 as it invests in sales network and content enrichment to put the core B2C business back on growth...
Reduce Just Dial Ltd For Target Rs.830 - Yes Securities
Reduce Just Dial Ltd For Target Rs.830 - Yes Securities
Source: Yes Securities Ltd
4/05/2022 9:58:46 AM
Reduce Just Dial Ltd For Target Rs.825 - Yes Securities Business performance remained muted in the quarter Our view Overall, the performance was below expectation both in terms of financial and operating metrics as the B2C segment continues to face high competition from Google, Facebook and other vertical and horizontal  players. The gradual improvement in the financial situation of SMEs after the 2nd covid wave should drive addition in the number of paid campaigns. The B2B segment is being scaled up and will take some before it su...
Reduce Just Dial Ltd For Target Rs.825 - Yes Securities
Reduce Just Dial Ltd For Target Rs.825 - Yes Securities
Source: Yes Securities Ltd
20/01/2022 10:32:24 AM
Reduce Just Dial Ltd For Target Rs.850 - Yes Securities Business performance was adversely impacted due to  continued impact of 2nd covid wave Our view Overall, the performance was below expectation both in terms of financial and operating metrics as the B2C segment continues to face high competition from Google, Facebook and other vertical and horizontal  players.  We expect revenue to grow at CAGR of 18.1% over FY22E‐FY24E with average EBITDA margin of 22.5%. Trades at   valuation of PE of 18.7x on F...
Reduce Just Dial Ltd For Target Rs.850 - Yes Securities
Reduce Just Dial Ltd For Target Rs.850 - Yes Securities
Source: Yes Securities Ltd
25/10/2021 11:32:37 AM
JDMart could become the growth engine for Just Dial JDMart could become the growth engine for Just Dial, likely supported by synergies from the Reliance deal, UBS said in a report. The report said that Just Dial has developed a superior platform against the backdrop of an interactive user interface along with robust depth and breadth of B2B product offerings. "Our analysis suggests around 80-85 per cent of Leader's top-100 sellers/listings across 100 randomly chosen product/categories are present on JDMart and many have detailed...
JDMart could become the growth engine for Just Dial
JDMart could become the growth engine for Just Dial
Source: IANS
3/09/2021 9:23:49 AM
Reliance Industries zooms on planning to create super app adding Just Dial offerings Reliance Industries is currently trading at Rs. 2227.60, up by 25.30 points or 1.15% from its previous closing of Rs. 2202.30 on the BSE. The scrip opened at Rs. 2207.00 and has touched a high and low of Rs. 2244.85 and Rs. 2204.90 respectively. So far 179319 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2368.80 on 16-Sep-2020 and a 52 week low of Rs. 1830.00 on 29-Jan-2021. Last one week high and low of the ...
Reliance Industries zooms on planning to create super app adding Just Dial offerings
Reliance Industries zooms on planning to create super app adding Just Dial offerings
Source: Accord Fintech
26/08/2021 2:44:55 PM
Buy Just Dial Ltd For Target Rs.1,290 - ICICI Securities The Mindtree way or the Hath-way? Capital infused by Reliance Retail (RRVL, ~Rs22bn), further to the strong cash balance (~Rs15bn), will likely help Just Dial to become more aggressive in scaling up its B2B business. Like RJio, JD can now afford to delay its monetisation plans, disrupt the competition (e.g. IndiaMART, Rs24bn cash balance in Mar-21) in pricing and play a significant catch up in B2B. Zomato like transition (B2B and even B2C) into more ‘comprehensive’ and end-to-e...
Buy Just Dial Ltd For Target Rs.1,290 - ICICI Securities
Buy Just Dial Ltd For Target Rs.1,290 - ICICI Securities
Source: ICICI Securities
7/08/2021 9:45:00 AM
Buy Just Dial Ltd For Target Rs.1250 - ICICI Direct Change of hands, digital trend key positive… About the stock: Just Dial (JDL) generates revenues from advertisers on various subscription and fee-based packages. * Reliance Retail Ventures Ltd will acquire 40.95% stake in JDL * JDL’s launch of B2B platform will be a key revenue driver in the long run   Q1FY22 Results: JDL reported Q1FY22 results. * Revenues declined 5.8% QoQ due to impact of Covid * Loss at EBITDA level of | 17.2 crore due to higher ad e...
Buy Just Dial Ltd For Target Rs.1250 - ICICI Direct
Buy Just Dial Ltd For Target Rs.1250 - ICICI Direct
Source: ICICI Direct
21/07/2021 11:29:21 AM
Reduce Just Dial Ltd For Target Rs. 950 - Yes Securities Our view The performance was weak in the quarter as both revenue and EBITDA declined sequentially. The financial performance continues to be affected by the Covid19 Pandemic that has resulted in financial stress among SMEs.  The outlook for the B2C business remains challenging due to high competitive intensity in the space reflected in stagnant traffic and tepid performance in addition of paid customers over last few quarters. While the launch of the B2B platform is a step in rig...
Reduce Just Dial Ltd For Target Rs. 950 - Yes Securities
Reduce Just Dial Ltd For Target Rs. 950 - Yes Securities
Source: Yes Securities
20/07/2021 10:21:01 AM
Reliance retail ventures Limited announce acquisition of controlling stake in just dial limited for a total consideration of Rs. 3,497 crores RELIANCE RETAIL VENTURES LIMITED ANNOUNCES ACQUISITION OF CONTROLLING STAKE IN JUST DIAL LIMITED FOR A TOTAL CONSIDERATION OF Rs 3,497 CRORES RELIANCE RETAIL VENTURES LIMITED TO HOLD 40.95% AND WOULD MAKE AN OPEN OFFER TO ACQUIRE UPTO 26.0% IN ACCORDANCE WITH TAKEOVER REGULATIONS VSS MANI TO CONTINUE TO LEAD JUST DIAL LIMITED AS MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER Mumbai, July 16, 2021: Reliance Retail Ventures Limited (“RRVL”), Just Dial Limited (“...
Reliance retail ventures Limited announce acquisition of controlling stake in just dial limited for a total consideration of Rs. 3,497 crores
Reliance retail ventures Limited announce acquisition of controlling stake in just dial limited for a total consideration of Rs. 3,497 crores
Source: PR Agency
17/07/2021 5:29:34 PM
Reduce Just Dial Ltd For Target Rs.836 - Yes Securities Result Highlights * Reported revenue of Rs 1,757mn (up 3.6% QoQ, down 25.2% YoY) slightly below expectation.   * EBITDA was also below expectation as it declined by 9.5% QoQ (down 53.6% YoY). EBITDA margin declined by 283 bps QoQ (down 1199 bps YoY) to 19.7%.   * EBITDA margin decline in the quarter was led by 5.3% QoQ increase in employee cost and 19% QoQ increase in other operating expenses. Steep YoY decline in margin was due to negative operating leverage on a...
Reduce Just Dial Ltd For Target Rs.836 - Yes Securities
Reduce Just Dial Ltd For Target Rs.836 - Yes Securities
Source: Yes Securities Ltd
18/05/2021 12:02:17 PM