ADF Foods Q3FY19: Consolidated Net Profit up by 1445.01%; Overweight

Firstcall India Equity | April 2, 2019, 12:02 p.m.

OUTLOOK AND CONCLUSION

At the current market price of Rs. 244.15, the stock P/E ratio is at 17.11 x FY19E and 14.78 x FY20E, respectively.

Earnings per share (EPS) of the company for the earnings for FY19E and FY20E are seen at Rs. 14.27 and Rs. 16.52 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 7% and 50% over 2017 to 2020E respectively.

On the basis of EV/EBITDA, the stock trades at 10.02 x for FY19E and 8.64 x for FY20E.

Price to Book Value of the stock is expected to be at 2.66 x and 2.51 x for FY19E and FY20E, respectively.

Hence, we say that, we are Overweight in this particular scrip for Medium to Long term investment.



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