OUTLOOK AND CONCLUSION
At the current market price of Rs. 1321.90, the stock P/E ratio is at 45.99 x FY19E and 42.76 x FY20E respectively.
Earnings per share (EPS) of the company for the earnings for FY19E and FY20E are seen at Rs. 28.74 and Rs. 30.91 respectively.
Operating Profit and PAT of the company are expected to grow at a CAGR of 9% and 10% over 2017 to 2020E respectively.
On the basis of EV/EBITDA, the stock trades at 27.36 x for FY19E and 25.34 x for FY20E.
Price to Book Value of the stock is expected to be at 19.39 x and 16.20 x for FY19E and FY20E respectively.
Hence, we say that, we are Overweight in this particular scrip for Medium to Long term investment.