Grindwell Norton Q3FY19: Net Profit up by 18.05%; Overweight

Firstcall India Equity | Feb. 4, 2019, 12:38 p.m.


At the current market price of Rs. 538.00 stock P/E ratio is at 35.15 x FY19E and 30.33 x FY20E respectively.

Earning per share (EPS) of the company for the earnings for FY19E and FY20E is seen at Rs. 15.30 and Rs. 17.74 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 10% and 17% over 2017 to 2020E respectively.

On the basis of EV/EBITDA, the stock trades at 18.24 x for FY19E and 16.22 x for FY20E.

Price to Book Value of the stock is expected to be at 6.03 x and 5.39 x for FYI9E and FY20E respectively.

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

blog comments powered by Disqus