– ECOS (India) Mobility & Hospitality Company is coming up with an IPO offer for sale worth Rs. 601.20 crores, opening on 28th August 2024.
– The company offers chauffeured car rentals and employee transportation services to Fortune 500 and BSE 500 companies.
– It operates in 109 Indian cities with a fleet of over 12,000 vehicles, using an asset-light model.
– Revenue is generated from CCR and ETS, with ETS contributing 54.71% and CCR 43.29% of total revenue in Fiscal 2024.
– The company reported revenue of Rs. 554.41 crores in FY24, a 31.16% YoY increase, with net profits increasing by 43.45%.
– ECOS outperformed its peers in most parameters, with better EBITDA margins, return on equity, and PAT margins.
– The grey market trading price of ECOS shares was at a 42.22% premium as of August 26th, 2024.
– The company has performed well and projected growth, catering to the demand for luxury transportation services.
– Investors can use Trade Brains’ stock screener and other tools to identify the best stocks and make well-informed investments.