AIA Engineering Q3FY19: Consolidated Revenue up by 26.96%; Overweight

Firstcall India Equity | April 22, 2019, 11:55 a.m.


At the current market price of Rs. 1790.00, the stock P/E ratio is at 34.51 x FY19E and 30.47 x FY20E, respectively.

Earning per share (EPS) of the company for the earnings for FY19E and FY20E is seen at Rs. 51.87 and Rs. 58.75 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 12% and 5% over 2017 to 2020E, respectively.

On the basis of EV/EBITDA, the stock trades at 20.00 x for FY19E and 17.49 x for FY20E.

Price to Book Value of the stock is expected to be at 5.01 x and 4.48 x for FYI9E and FY20E, respectively.

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

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