Status: Pending

Age: New (13/08/2025)

TRACK
[social_warfare ]

Prabhudas Lilladher’s Research Report on Imagicaaworld Entertainment – Buy with Target ₹77


Brokerage

Prabhudas Lilladher

Analyst

Brokerage Team

Position

Bullish

Start Date

13/08/2025

Horizon

Long Term


Target Price and Expected Returns

Start Price

₹58.75

Target Price

₹77

Expected Returns

31.06%

Summary

Prabhudas Lilladher has a bullish outlook on Imagicaaworld Entertainment and has assigned a buy rating with a target price of ₹77.

Prabhudas Lilladher's justification for Imagicaaworld Entertainment target price prediction

  • Recovery in ensuing quarters is expected due to recent initiatives like the inauguration of a water park in Indore.
  • Plans for creating a pan-India park network provide long-term comfort.
  • The company's EBITDA margin remains robust at 49%
  • Early monsoon affecting footfalls is a short-term issue.
  • The SoTP based TP valuation at EV/EBITDA multiple of 21x justifies the target price.
We retain BUY with a SoTP based TP of ₹77 valuing both the park/hotel business at EV/EBITDA multiple of 21x.

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