OUTLOOK AND CONCLUSION
At the current market price of Rs. 893.15, the stock P/E ratio is at 15. 82 x FY19E and 14.10 x FY20E respectively.
Earning per share (EPS) of the company for the earnings for FY18E and FY19E is seen at Rs. 56.44 and Rs. 63.33 respectively.
Operating Profit of the company is expected to grow at a CAGR of 21% over 2017 to 2020E.
On the basis of EV/EBITDA, the stock trades at 10.09 x for FY19E and 8.37 x for FY20E.
Price to Book Value of the stock is expected to be at 2.95 x and 2.44 x for FY19E and FY20E respectively.
Hence, we say that, we are Overweight in this particular scrip for Medium to Long term investment.