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Hiked Earnings

Noida Toll will benefit from the rising number of vehicles that commute on the DND flyway…

As part of our Wealth Creator Series , today we look at Noida Toll. This is one of the 39 stocks that were short-listed that passed through our stringent stock screen filters.

As the NCR has grown, so have the number of vehicles (17,000 vehicles per day in year 2000 to 1,02,394 vehicles per day now) on the DND flyway. A guaranteed IRR of 20 per cent is also encouraging. The recent toll hike of 10 per cent will also be reflected in this FY13 earnings; it is also expected to become debt free by the end of it, boosting EPS further. A dividend of Re 1 in FY12, which translates into a yield of 4 per cent, looks promising.




To read about how we arrived at the list click here. To read about stocks from the Wealth Creator List, click here.