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You are here : IndiaNotes >> Research & Analysis >> Companies >> Nirlon Ltd. >> Research

Nirlon Q3FY18: Net Sales and PAT expected to grow at a CAGR of 7% and 23%; Overweight

Firstcall India Equity | 13 Mar, 2018  | Follow Author | Add to my Favourites 
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Nirlon Limited is engaged in the business of development and managing an Industrial Park. The company achieved a turnover of Rs. 740.79 million for the 3rd quarter of the financial year 201718 as against Rs.712.65 million in the
corresponding quarter of the previous year. During the quarter, EBIDTA stood at Rs. 595.21 million as against Rs. 580.87 million in the corresponding period of the previous year.

Profit before tax (PBT) at Rs. 268.54 million in Q3 FY18 as compared to Rs. 197.46 million in Q3FY17.

During the quarter, net profit stood at Rs. 171.42 million as against Rs. 171.61 million in the corresponding quarter ending of previous year.

EPS of the company stood at Rs.1.90 during the quarter.

During nine months FY18, Net sales stood at Rs. 2164.95 million from Rs. 2133.37 million in nine months FY17.

During the nine months ended 31st Dec 2017, Net profit stood at Rs. 504.11 million as against Rs.475.79 million in the nine months ended 31st Dec, 2016.

Net Sales and PAT of the company are expected to grow at a CAGR of 7% and 23% over 2016 to 2019E, respectively.


At the current market price of Rs. 209.00, the stock P/E ratio is at 29.24 x FY18E and 25.61 x FY19E respectively.

Earning per share (EPS) of the company for the earnings for FY18E and FY19E is seen at Rs. 7.15 and Rs. 8.16


Net Sales and PAT of the company are expected to grow at a CAGR of 7% and 23% over 2016 to 2019E, respectively.

On the basis of EV/EBITDA, the stock trades at 10.52 x for FY18E and 9.67 x for FY19E.

Price to Book Value of the stock is expected to be 4.78 x and 4.03 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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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 accept any liability whatsoever arising from the use of any of the above contents.