Sundaram Finance Q3FY19: Revenue up by 20.31%; Overweight

Firstcall India Equity | Feb. 2, 2019, 12:29 p.m.

Outlook & Conclusion

At the current market price of Rs. 1400.00, the stock P/E ratio is at 26.97 x FY19E and 24.60 x FY20E respectively.

Earnings per share (EPS) of the company for the earnings for FY19E and FY20E are seen at Rs. 51.91 and Rs. 56.91 respectively.

Net Sales and PAT of the company is expected to grow at a CAGR of 12% and 7% over 2017 to 2020E, respectively.

On the basis of EV/EBITDA, the stock trades at 11.45 x for FY19E and 11.20 x for FY20E.

Price to Book Value of the stock is expected to be at 3.42 x and 3.00 x for FYI9E and FY20E respectively.

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

blog comments powered by Disqus