Phillips Carbon Black Q3FY19: PAT up by 101.95%; Overweight

Firstcall India Equity | Jan. 17, 2019, 12:21 p.m.

Outlook & Conclusion

At the Current Market price OF INS. 2U/.oU, Ine StOCK F/F ratio 1S al 6.41 X PY lve and 0.6/ X PY ZUE respectively.

Earning per share (EPS) of the company for the earnings for FY19E and FY2oE is seen at Rs. 24.71 and Rs. 30.25 respectively.

Net Sales and Operating Profit of the company is expected to grow at a CAGR of 20% and 45% over 2017 to 202oE respectively.

On the basis of EV/EBITDA, the stock trades at 5.75 x for FY19E and 4.73 x for FY2oE.

Price to Book Value of the stock is expected to be at 2.34 x and 2.11 x for FYI9E and FY2oE respectively.

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



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