Delta Corp Q3FY19: PAT expected to grow at CAGR of 54%; Overweight

Firstcall India Equity | Jan. 16, 2019, 12:20 p.m.

Outlook & Conclusion

At the current market price of Rs. 258.00, the stock P/E ratio is at 35.90 x FY19E and 29.89 x FY2oE respectively.

Earning per share (EPS) of the company for the earnings for FY19E and FY2oE is seen at Rs. 7.19 and Rs. 8.63 respectively.

Net sales and PAT of the company are expected to grow at a CAGR of 27% and 54% over 2017 to 202oE respectively.

On the basis of EV/EBITDA, the stock trades at 18.64 x for FY19E and 15.65 x for FY2oE.

Price to Book Value of the stock is expected to be at 3.68 x and 3.28 x for FY19E and FY2oE respectively.

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

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