Apar Industries Q2FY19: Net Sales expected to grow at a CAGR of 11%; Overweight

Firstcall India Equity | Nov. 8, 2018, 12:11 p.m.

OUTLOOK AND CONCLUSION

At the current market price of Rs. 570.00, the stock P/E ratio is at 14.61 x FY19E and 12.81 x FY2OE respectively.

Earning per share (EPS) of the company for the earnings for FY19E and FYZOE is seen at Rs. 39.01 and Rs. 44.50 respectively.

Net sales and Operating profit of the company are expected to grow at a CAGR of 11% and 7% over 2017 to 202GB respectively.

On the basis of EV/EBITDA, the stock trades at 4.72 x for FY19E and 4.15 x for FY2OE.

Price to Book Value of the stock is expected to be at 1.99 x and 1.72 x for FY19E and FY2OE respectively.

Hence, we say that, we are Overweight in this particular scrip for Medium to Long term investment.



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