Quess Corp Q3FY19: PAT expected to grow at a CAGR of 39%; Overweight

Firstcall India Equity | April 10, 2019, 1:05 p.m.

OUTLOOK AND CONCLUSION

At the current market price of Rs. 724.40, the stock P/E ratio is at 41.63 x FY19E and 35.82 x FY20E respectively.

Earning per share (EPS) of the company for the earnings for FY19E and FY20E is seen at Rs. 17.40 and Rs. 20.22 respectively.

Net Sales and PAT of the company is expected to grow at a CAGR of 32% and 39% over 2017 to 2020E respectively.

On the basis of EV/EBITDA, the stock trades at 19.84 x for FY19E and 16.94 x for FY20E.

Price to Book Value of the stock is expected to be at 3.90 x and 3.51 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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