OUTLOOK AND CONCLUSION
At the current market price of Rs. 990.45, the stock P/E ratio is at 24.21 x FY18E and 20.22 x FY19E respectively.
Earning per share (EPS) of the company for the earnings for FY18E and FY19E is seen at Rs. 40.90 and Rs. 48.98 respectively.
Net Sales and PAT of the company are expected to grow at a CAGR of 11% and 25% over 2016 to 2019E, respectively.
On the basis of EV/EBITDA, the stock trades at 13.86 x for FY18E and 11.50 x for FY19E.
Price to Book Value of the stock is expected to be at 3.35 x and 2.87 x for FY18E and FY19E respectively.
Hence, we say that, we are Overweight in this particular scrip for Medium to Long term investment.