Kajaria Ceramics Q3FY18: Net Sales & PAT expected to grow at a CAGR of 9%; Overweight

Firstcall India Equity | April 16, 2018, 3:36 p.m.

OUTLOOK AND CONCLUSION

At the current market price of Rs. 577.90, the stock P/E ratio is at 38.25 x FY18E and 34.32 x F Y19E respectively.

Earning per share (EPS) of the company for the earnings for F Y1 SE and FY19E is seen at Rs. 15.11 and Rs. 16.84 respectively.

Net Sales & PAT of the company are expected to grow at a CAGR of 9% each over 2016 to 2019E.

On the basis of EV/EBITDA, the stock trades at 19.32 x for F Y18E and 17.37 x for F Y19E.

Price to Book Value of the stock is expected to be at 6.49 x and 5.46 x for F Y18E and F Y19E respectively.

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



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