Nilkamal Q2FY19: Revenue up by 32.06%; Overweight

Firstcall India Equity | Jan. 16, 2019, 12:27 p.m.

Outlook & Conclusion

At the current market price of Rs. 1410.05, the stock P/E ratio is at 17.39 x FY19E and 15.90 x FY2oE respectively.

Earning per share (EPS) of the company for the earnings for FY19E and FY2oE is seen at Rs. 81.10 and Rs. 88.67 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 8% and 6% over 2017 to 202oE, respectively.

On the basis of EV/EBITDA, the stock trades at 8.74 x for FY19E and 8.02 x for FY2oE.

Price to Book Value of the stock is expected to be at 2.29 x and 2.00 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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