Gandhi Special Tubes Q3Y18: Net Sales and PAT to grow at a CAGR of 9% and 26%; Overweight

Firstcall India Equity | March 8, 2018, 4:24 p.m.


At the current market price of Rs. 411.90, the stock P/E ratio is at 17.38 x FY18E and 15.06 x FY19E respectively.

Earning per share (EPS) of the company for the earnings for FY18E and FY19E is seen at Rs. 23.70 and Rs. 27.35 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 9% and 26% over 2016 to 2019E respectively.

On the basis of EV/EBITDA, the stock trades at 12.00 x for FY18E and 10.49 x for FY19E.

Price to Book Value of the stock is expected to be at 2.83 x and 2.38 x for FY18E and FY19E respectively.

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

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