Ratnamani Metals & Tubes Q3FY19: PAT up by 98.52%; Overweight

Firstcall India Equity | March 26, 2019, 12:30 p.m.

OUTLOOK AND CONCLUSION

At the current market price of Rs. 880.05, the stock P/E ratio is at 16.07 x FY19E and 13.61 x FY20E respectively.

Earnings per share (EPS) of the company for the earnings for FY19E and FY20E are seen at Rs. 54.75 and Rs. 64.66 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 31% and 28% over 2017 to 2020E respectively.

On the basis of EV/EBITDA, the stock trades at 8.98 x for FY19E and 7.68 x for FY20E.

Price to Book Value of the stock is expected to be at 2.63 x and 2.20 x for FYI19E and FY20E respectively.

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



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