PVR Q3FY19: Net profit up by 79.29%; Overweight

Firstcall India Equity | Jan. 25, 2019, 12:32 p.m.

OUTLOOK AND CONCLUSION

At the current market price of Rs. 1603.75, the stock P/E ratio is at 42.12 x FY19E and 36.77 x FY20E respectively.

Earning per share (EPS) of the company for the earnings for FY19E and FY20E is seen at Rs. 38.08 and Rs. 43.62 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 17% and 21% over 2017 to 2020E respectively.

On the basis of EV/EBITDA, the stock trades at 45.40 x for FY19E and 39.48 x for FY20E.

Price to Book Value of the stock is expected to be 5.98 x and 5.14 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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