OUTLOOK AND CONCLUSION
At the current market price of Rs. 1181.05, the stock P/E ratio is at 33.83 x FY18E and 31.25 x FY19E respectively.
Earning per share (EPS) of the company for the earnings for FY18E and FY19E is seen at Rs. 34.91 and Rs. 37.79 respectively.
Net Sales and PAT of the company are expected to grow at a CAGR of 10% and 13% over 2016 to 2019E respectively.
On the basis of EV/EBITDA, the stock trades at 24.99 x for F Y18E and 22.43 x for F Y19E.
Price to Book Value of the stock is expected to be at 6.85 x and 5.86 x for F Y18E and F Y19E respectively.
Hence, we say that, we are Overweight in this particular scrip for Medium to Long term investment.