Asian Paints Q3FY19: Consolidated revenue up by 24.05%; Overweight

Firstcall India Equity | Jan. 24, 2019, 12:29 p.m.

OUTLOOK AND CONCLUSION

At the current market price of Rs. 1397.10, the stock P/E ratio is at 57.74 x FY19E and 53.10 x FY20E respectively.

Earning per share (EPS) of the company for the earnings for FY19E and FY20E is seen at Rs. 24.20 and Rs. 26.31 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 8% and 9% over 2017 to 2020E respectively.

On the basis of EV/EBITDA, the stock trades at 34.23 x for FY19E and 31.45 x for FY20E.

Price to Book Value of the stock is expected to be at 12.49 x and 10.11 x for FY19E and FY20E respectively.

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



blog comments powered by Disqus