Dabur India Q3FY19: Domestic business revenue up by 15.2%; Overweight

Firstcall India Equity | Feb. 2, 2019, 12:22 p.m.

Outlook & Conclusion

At the current market price of Rs. 451.80, the stock P/E ratio is at 54.03 x FY19E and 49.02 x FY20E respectively.

Earning per share (EPS) of the company for the earnings for FY19E and FY20E are seen at Rs. 8.36 and Rs. 9.22 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 7% and 8% over 2017 to 2020E, respectively.

On the basis of EV/EBITDA, the stock trades at 38.31 x for FY19E and 34.82 x for FY20E.

Price to Book Value of the stock is expected to be at 12.11 x and 10.56 x for FYI9E and FY20E respectively.

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

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