– ECOS (India) Mobility & Hospitality Company is coming up with its IPO offer for sale worth Rs. 601.20 crores, opening on 28th August 2024.
– The company is India’s largest chauffeur-driven mobility provider for corporates, operating in 109 Indian cities and having a fleet of over 12,000 vehicles.
– The company generates revenue from chauffeured car rentals and employee transportation services, with a strong customer base including Fortune 500 and BSE 500 companies.
– The Indian road transport sector is expected to reach $184.7 billion by 2030, with the corporate mobility sector growing due to increased presence of companies and changing work patterns.
– ECOS (India) Mobility & Hospitality reported revenue of Rs. 554.41 crores in FY24 and net profits of Rs. 62.53 crore, showing a 31.16% YoY increase in revenue.
– The company’s debt to equity ratio is around 0.12 in FY24, lower than its listed peers, and its EBITDA margin and return on equity are also better than its peers.
– The shares of ECOS (India) Mobility & Hospitality Ltd were trading at a 42.22% premium in the grey market as of August 26th, 2024.
– The company has performed well from FY22 to FY24, showing growth and improvement in net profits, but trade receivables need to improve.
– The demand for transportation and private rentals has increased significantly, with the business model catering to wealthy individuals and large corporations.
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