TVS Motor Q3FY19: Revenue up by 20.18%; Overweight

Firstcall India Equity | Jan. 24, 2019, 12:23 p.m.

OUTLOOK AND CONCLUSION

At the current market price of Rs. 553.85, the stock P/E ratio is at 35.83 x FY19E and 31.40 x FY20E respectively.

Earning per share (EPS) of the company for the earnings for FY 19E and FY20E is seen at Rs. 15.46 and Rs. 17.64 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 16% and 14% over 2017 to 2020E respectively.

On the basis of EV/EBITDA, the stock trades at 17.71 x for FY19E and 15.98 x for FY20E.

Price to Book Value of the stock is expected to be at 7.28 x and 5.91 x for FY19E and FY20E respectively.

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



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