Hatsun Agro Product Q2FY19: PAT expected to grow at CAGR of 24%; Overweight

Firstcall India Equity | Jan. 15, 2019, 12:35 p.m.

OUTLOOK & CONCLUSION

At the current market price of Rs. 685.50, the stock P/E ratio is at 87.17 x FY19E and 77.21 x FY2oE respectively.

Earning per share (EPS) of the company for the earnings for FY19E and FY2oE is seen at Rs. 7.86 and Rs. 8.88 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 11% and 24% over 2017 to 202oE respectively.

On the basis of EV/EBITDA, the stock trades at 25.92 x for FY19E and 23.55 x for FY2oE.

Price to Book Value of the stock is expected to be at 22.27 x and 17.28 x for FY19E and FY2oE respectively.

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



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