Ratnamani Metals & Tubes Q2FY19: Net Profit increase by 158.98%; Overweight

Firstcall India Equity | Nov. 14, 2018, 11:45 a.m.

OUTLOOK AND CONCLUSION

At the current market price of Rs. 876.05, the stock P/E ratio is at 17.90 x FY19E and 15.27 x FY2OE respectively.

Earnings per share (EPS) of the company for the earnings for FY19E and FY2OE are seen at Rs. 48.94 and Rs. 57.38 respectively.

Net Sales and PAT of the company expected to grow at a CAGR of 27% and 23% over 2017 to 202GB, respectively.

On the basis of EV/EBITDA, the stock trades at 9.50 x for FY19E and 8.21 x for FY2OE.

Price to Book Value of the stock is expected to be at 2.66 x and 2.27 x for FY19E and FY2OE respectively.

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



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