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You are here : IndiaNotes >> Research & Analysis >> Companies >> Agro Tech Foods Ltd. >> Research

Agro Tech Foods Q3FY17: Firstcall are overweight for medium to long term investment

Firstcall India Equity | 20 Jan, 2017  | Follow Author | Add to my Favourites 
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SYNOPSIS

  • Agro Tech Foods Ltd is engaged in the business of marketing food and food ingredients to consumers and institutional customers.
  • The company achieved a turnover of Rs. 2081.40 million for the 3rd quarter of the FY 2016-17 as against Rs. 2027.30 million in the corresponding quarter of the previous year, an increase of 2.67%.
  • During the quarter, net profit increased by 28.82% to Rs. 82.70 million from Rs. 64.20 million in the corresponding quarter ending of previous year.
  • During the quarter, EBIDTA stood at Rs. 177.10 million as against Rs. 155.80 million in the corresponding period of the previous year, up by 13.67%.
  • During the quarter, PBT increased by 31.26% to Rs. 124.70 million from Rs. 95.00 million in the corresponding period of the previous year.
  • EPS of the company stood at Rs. 3.39 in Q3 FY17 against Rs. 2.63 in the corresponding quarter of the previous year.
  • During the quarter, EBIDTA and PAT margins are stood at 9% and 4% respectively.


OUTLOOK AND CONCLUSION

  • At the current market price of Rs.499.60, the stock P/E ratio is at 39.45 x FY17E and 32.90 x FY18E respectively.
  • Earning per share (EPS) of the company for the earnings for FY17E and FY18E is seen at Rs. 12.67 and Rs. 15.18 respectively.
  • On the basis of EV/EBITDA, the stock trades at 17.77 x for FY17E and 15.37 x for FY18E.
  • Price to Book Value of the stock is expected to be at 3.31 x and 3.01 x for FY17E and FY18E respectively.
  • Hence, we say that, we are Overweight in this particular scrip for Medium to Long term investment.

 


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About Firstcall India Equity

Firstcall India Equity of Firstcall India Equity Advisors Pvt. Limited (FIEA), is a leading financial services provider in India and a SEBI Registered Category-I Merchant Banker. FIEA is a culmination of a credible Equity Research Capabilities, Long Standing Relationship with leading FIIs, DFIs, MFs, Overseas Pension Funds etc. The company’s research caters to the needs of the largest news wire and media houses of the world namely Reuters, Thomson, Capital IQ, Themarkets.com, Emerging Markets Euro money Publications-UK. The Company is among the major players in the Debt and Equity markets.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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