Excel Industries Q3FY19: PBT up by 131.56%; Overweight

Firstcall India Equity | March 27, 2019, 12:52 p.m.

OUTLOOK AND CONCLUSION

At the current market price of Rs. 1148.65, the stock P/E ratio is at 8.57 x FY19E and 7.24 x FY20E respectively.

Earning per share (EPS) of the company for the earnings for FY19E and FY20E is seen at Rs. 133.97 and Rs. 158.56 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 23% and 67% over 2017 to 2020E respectively.

On the basis of EV/EBITDA, the stock trades at 5.26 x for FY19E and 4.49 x for FY20E.

Price to Book Value of the stock is expected to be at 2.74 x and 2.34 x for FY19E and FY20E respectively.

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



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