1. Info Edge India (Naukri):

Sharekhan maintains a ‘Buy’ rating on this software & services company with a target price of Rs 9,100. This indicates an upside potential of 20.7%. The company reported a net profit growth of 60.6% YoY to Rs 242.6 crore in Q3FY25. Its revenue rose 15.2% to Rs 722.4 crore, beating Forecaster estimates by 6.2%.

The recruitment business grew across segments, benefiting from improved go-to-market strategies, new client additions, and strong performance from niche businesses such as IIM Jobs, Naukri Fast Forwards, Zwayam, and Job Hai. Total billings rose 15.8% YoY to Rs 668 crore, with the recruitment segment growing 15.2%.

Non-recruitment businesses also delivered strong growth, with 99acres.com, Jeevansathi.com, and Shiksha.com reporting billing increases of 16%, 36%, and 12.3%, respectively. Paid listings on 99acres.com rose 21% to 8.3 lakh. The analyst expects a CAGR of 18% in sales and 19% in revenue over FY25-27 as the platform continues to invest in expanding its user and client base.

2. Stove Kraft:

Emkay maintains its ‘Buy’ rating on this kitchen appliances company with a target price of Rs 1,200, indicating a potential upside of 59.6%. Stove Kraft has entered into a partnership with IKEA to use its manufacturing capabilities while benefiting from IKEA’s global reach. The initial contract covers eleven stock-keeping units (SKUs) with an expected volume of 2.5-3 crore units per year. This is expected to generate Rs 30 crore in revenue for FY26 and Rs 150 crore for FY27. Stove Kraft is also in talks with IKEA for an additional contract covering four SKUs with similar volumes. 

In Q3FY25, this small cap company’s revenue increased 11.7% YoY to Rs 400 crore. EBITDA margin improved by 150 bps YoY but declined 180 bps QoQ to 10.2% due to higher marketing expenses and post-festive discounts amid weak consumer sentiment. Net profit grew 80% YoY to Rs 12.1 crore during the quarter.

Analysts Chirag Jain and Jaimin Desai note that Stove Kraft’s partnership with IKEA could raise its export revenue share from ~12% to 16-17%. The management sees exports to contribute 25% of total revenue in the next 3-4 years, with IKEA potentially accounting for 50%. They also highlight that the company aims to double its revenue using existing capacity with minimal capex, supported by aggressive retail expansion, targeting 25-30 new stores per quarter and increasing brand visibility through Pigeon.

3. J Kumar Infraprojects:

Axis Direct maintains a ‘Buy’ rating on this construction company with a target price of Rs 940, indicating an upside potential of 32.6%. The company’s profit and revenue growth has been driven by a strong order book, which has benefited from the government’s infrastructure push. In Q3FY25, net profit grew 20.7% YoY to Rs 99.7 crore, and revenue increased by 22% to Rs 1,486.9 crore

Analysts Uttam Srimal and Shikha Doshi highlight the company’s order book of Rs 20,529 crore, which provides revenue visibility for the next 3-4 years. The company has a bidding pipeline of Rs 40,000-47,000 crore, including building projects, metro & railway projects, and a Rs 30,000 crore pipeline in elevated corridors. They note that the company aims to win projects worth Rs 6,000-8,000 crore in FY25.

Srimal and Doshi expect a revenue, EBITDA and net profit CAGR of 17%, 19%, and 22%, respectively, over FY25-26, from a diversified order book, strong bidding pipeline and healthy order inflow.

4. Greenlam Industries:

Anand Rathi retains its ‘Buy’ rating on this furniture manufacturer with a target price of Rs 771, indicating an upside potential of 38.9%. In Q3FY25, its revenue rose 6.9% YoY to Rs 602 crore, helped by the engineered flooring and doors businesses. Analyst Rishab Bothra noted that a favorable demand environment supported growth in the international business, but the domestic market faced challenges due to weak demand.

The analyst highlights that the company’s laminate business grew 4% in value and 2.6% in volume, supported by a 1.4% increase in blended realizations to Rs 1,050 per sheet. He also points out that improved utilization levels in plywood and particle boards will aid profitability in the coming years. Management targets breakeven for particle boards in FY26, with 50% utilization, and Rs 750 crore in revenue at optimal capacity within three years.

Bothra expects the company to achieve a 21% revenue CAGR and a 33% net profit CAGR over FY25-27, driven by growth in the engineered flooring and doors segments, along with efficiency gains supporting earnings expansion.

5. Subros:

Khambatta Securities maintains a ‘Buy’ rating on this small cap auto parts maker with a target price of Rs 799. This indicates a potential upside of 33.3%. In Q3FY25, the company’s revenue rose 12.1% YoY to Rs 826 crore, helped by the start of production (SOP) of a newly secured contract. Net profit grew 22.6%, supported by cost reduction efforts. Analysts highlight that Subros aims to lower its import dependence to around 10% of total revenue within the next 2-3 years.

The company is focusing on products for alternative fuel technologies, including CNG, hybrid, and electric components, which are expected to contribute over 20% of its revenue in the next 1-2 years. Subros is also working on products for railway coaches, with each coach generating revenue of Rs 1.5-1.7 crore. For FY26, it has allocated a capex of over Rs 100 crore. Analysts estimate an 11.5% revenue growth and a 20.7% net profit growth over FY25-26.

Note: These recommendations are from various analysts and are not recommendations by Trendlyne.

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