Ratnamani Metals and Tubes Q1FY19: Net profit rose by 150.06%; Overweight

Firstcall India Equity | Aug. 18, 2018, 12:30 p.m.

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.



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