ACC Q4CY18: Net Profit up by 256.05%; Overweight

Firstcall India Equity | Feb. 6, 2019, 12:48 p.m.

Outlook & Conclusion

At the current market price of Rs. 1388.15, the stock P/E ratio is at 16.71 x CY19E and 15.51 x CY20E respectively.

Earning per share (EPS) of the company for the earnings for CY19E and CY20E is seen at Rs. 83.07 and Rs. 89.51 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 9% and 27% over 2017 to 2020E respectively.

On the basis of EV/EBITDA, the stock trades at 9.01 x for CY19E and 8.21 x for CY20E.

Price to Book Value of the stock 1s expected to be at 2.30 x and 2.13 x for CY19E and CY20E respectively.

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