OUTLOOK AND CONCLUSION
At the current market price of Rs. 860.40 the stock P/E ratio is at 20.45 x F Y19E and 17.84 x FY2OE respectively.
Earnings per share (EPS) of the company for the earnings for F Y19E and FY2OE are seen at Rs. 42.07 and Rs. 48.23 respectively.
Net Sales and PAT of the company expected to grow at a CAGR of 19% and 16% over 2017 to 202GB, respectively.
On the basis of EV/EBITDA, the stock trades at 10.88 x for F Y19E and 9.55 x for F Y2OE.
Price to Book Value of the stock is expected to be at 2.67 x and 2.32 x for F Y19E and F Y2OE respectively.
Hence, we say that, we are Overweight in this particular scrip for Medium to Long term investment.