Prabhudas: Market Performer - Gateway Distiparks

Gateway Distriparks has acquired 50.2% stake in Snowman Frozen Foods Limited, an unlisted company engaged in the business of cold chain logistic services such as storage, handling, transportation and secondary distribution of frozen foods.

According to Prabhudas, On the current revenue and profit base, this acquisition will add 20% to the top-line and less than 2% to the bottom-line. But it will result in a drop in the existing operating and PAT margins to roughly 51% and 45% as against 57% and 52% currently since margins of the company are much lower than GDL’s.

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