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UBS Initiates 'Buy' on LEAP India, Sees 25% Upside Potential
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CNBC TV18•21-09-2026, 08:48
UBS Initiates 'Buy' on LEAP India, Sees 25% Upside Potential
- •UBS has issued the first 'buy' recommendation for LEAP India, setting a price target of ₹175 per share, implying a 25% upside.
- •LEAP India operates India's largest pooled logistics-asset network, offering pallets, containers, and material-handling equipment on a rental model.
- •UBS projects LEAP India's revenue to grow at a 19% CAGR and EBITDA at a 21% CAGR from FY2026-2031, driven by logistics modernization.
- •The company's EBITDA margins are expected to increase from 49.5% to 53.8%, and return on capital employed from 8.4% to 14.7% over the next five years.
- •LEAP India's founder expects profit after tax (PAT) growth above 50%, aided by debt repayment using IPO proceeds.
Key Questions Answered
UBS initiated coverage on LEAP India with a "buy" rating and a price target of ₹175 per share, representing a potential upside of 25% from current levels.
LEAP India shares listed last month at a premium of over 4%, but the stock is currently trading 11.4% below its issue price of ₹159 and 15% below its listing price of ₹165.9.
LEAP operates India's largest pooled logistics-asset network, supplying pallets, containers, and material-handling equipment throughout the supply chain on a rental model.
