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You are here : IndiaNotes >> Research & Analysis >> Companies >> N R Agarwal Industries Ltd. >> Research

N R Agarwal Industries Q2FY17: Fundamental Analysis - Firstcall India Equity

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

  • N.R.Agarwal Industries Limited is an India-based company, which is engaged in the manufacture of paper, paper boards and newsprint.
  • The company has achieved a turnover of Rs. 2479.49 million for the 2nd quarter of the FY 2016-17 as against Rs. 2128.06 million in the corresponding quarter of the previous year.
  • During the quarter, net profit stood at Rs. 139.86 million against net loss of Rs. 22.88 million in the corresponding quarter ending of previous year.
  • During the quarter, EBIDTA stood at Rs. 367.31 million as against Rs. 150.85 million in the corresponding period of the previous year, up by 143.49%.
  • Earnings per Share of the company stood at Rs. 8.22 in Q2 F Y17.
  • For the Half Year ended September 30, 2016, Net Sales increased by 18.24% to Rs. 5007.90 million from Rs. 4235.22 million in the corresponding period of last year.
  • Net Profit during H1 FY17 stood at Rs. 260.81 million against net loss of Rs. 35.26 million for the six months ended 3oth September 2015.
  • Net Sales and Operating Profit of the company are expected to grow at a CAGR of 21% and 68% over 2015 to 2018E respectively.


OUTLOOK AND CONCLUSION

  • At the current market price of Rs. 230.00, the stock P/E ratio is at 5.33 x FY17E and 4.25 x FY18E respectively.
  • Earning per share (EPS) of the company for the earnings for FY17E and FY18E is seen at Rs. 43.12 and Rs. 54.10 respectively.
  • Net Sales and Operating Profit of the company are expected to grow at a CAGR of 21% and 68% over 2015 to 2018E respectively.
  • On the basis of EV/EBITDA, the stock trades at 4.26 x for FY17E and 3.60 x for FY18E.
  • Price to Book Value of the stock is expected to be at 2.34 x and 1.51 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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