Britannia Industries Q4FY19: Consolidated PBT up by 13.46%; Overweight

Firstcall India Equity | May 8, 2019, 12:01 p.m.


At the current market price of Rs. 2700.00, the stock P/E ratio is at 50.42 x FY20E and 45.75 x FY21E respectively.

Earning per share (EPS) of the company for the earnings for FY20E and FY21E is seen at Rs. 53.35 and Rs. 59.01 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 10% and 12% over 2018 to 2021E respectively.

On the basis of EV/EBITDA, the stock trades at 29.88 x for FY20E and 27.14 x for FY21E.

Price to Book Value of the stock is expected to be at 12.94 x and 11.26 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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