Sundram Fasteners Q3 Results: Net profit grows 21.66% YoY; Overweight

Firstcall India Equity | March 8, 2018, 4:14 p.m.


At the current market price of Rs. 551.85, the stock P/E ratio is at 31.00 x FY18E and 28.27 x FY19E respectively.

Earnings per share (EPS) of the company for the earnings for FY18E and FY19E are seen at Rs. 17.80 and Rs. 19.52 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 12% and 32% over 2016 to 2019E respectively.

On the basis of EV/EBITDA, the stock trades at 19.06 x for FY18E and 17.48 x for FY19E.

Price to Book Value of the stock is expected to be at 6.87 x and 5.53 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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