Syngene International Q4FY19: Revenue up by 30.51%; Overweight

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

OUTLOOK AND CONCLUSION

At the current market price of Rs.611.00, the stock P/E ratio is at 31.75 x FY20E and 28.05 x FY21E respectively.

Earning per share (EPS) of the company for the earnings for FY20E and FY21E is seen at Rs. 19.24 and Rs. 21.79 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 19% and 11% over 2018 to 2021E, respectively.

On the basis of EV/EBITDA, the stock trades at 16.26 x for FY20E and 14.19 x for FY21E.

Price to Book Value of the stock is expected to be at 5.20 x and 4.45 x for FY20E and FY21E respectively.

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



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