Insecticides (India) Q3FY19: PBT up by 64.99%; Overweight

Firstcall India Equity | March 30, 2019, 9:34 a.m.

OUTLOOK AND CONCLUSION

At the current market price of Rs. 650.35, the stock P/E ratio is at 11.99 x FY19E and 10.79 x FY20E respectively.

Earnings per share (EPS) of the company for the earnings for FY19E and FY20E are seen at Rs. 54.22 and Rs. 60.26 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 8% and 33% over 2017 to 2020E respectively.

On the basis of EV/EBITDA, the stock trades at 7.22 x for FY19E and 6.56 x for FY20E.

Price to Book Value of the stock is expected to be at 2.04 x and 1.71 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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