Atul Q4FY19: PAT up by 59%; Overweight

Firstcall India Equity | May 2, 2019, 11:56 a.m.

OUTLOOK AND CONCLUSION

At the current market price of Rs. 3465.25, the stock P/E ratio is at 20.22 x FY20E and 17.69 x FY21E respectively.

Earning per share (EPS) of the company for the earnings for FY20E and FY21E is seen at Rs. 171.37 and Rs. 195.89 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 16% and 19% over 2018 to 2021E respectively.

On the basis of EV/EBITDA, the stock trades at 11.22 x for FY20E and 9.89 x for FY21E.

Price to Book Value of the stock is expected to be at 3.47 x and 3.16 x for FY20E and FY21E respectively.

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



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