Century Textiles & Industries Q2FY19: PBT increased by 110.2%; Overweight

Firstcall India Equity | Dec. 5, 2018, 12:19 p.m.

OUTLOOK AND CONCLUSION

At the current market price of Rs. 909.05, the stock P/E ratio is at 15.58 x FY19E and 13.48 x FY2OE respectively.

Earning per share (EPS) of the company for the earnings for FY18E and FY19E is seen at Rs. 58.35 and Rs. 67.45 respectively.

Operating Pofit of the company is expected to grow at a CAGR of 25% over 2017 to 202GB.

On the basis of EV/EBITDA, the stock trades at 8.05 x for FY19E and 7.41 x for FY2OE.

Price to Book Value of the stock is expected to be at 2.99 x and 2.44 x for FY19E and FY2OE respectively.

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



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