Apollo Pipes Q3FY19: Net Profit after tax up by 86%; Overweight

Firstcall India Equity | Feb. 7, 2019, 1:02 p.m.

Outlook & Conclusion

At the current market price of Rs.380.40, the stock P/E ratio is at 17.09 x FY19E and 14.52 x FY20E respectively.

Earning per share (EPS) of the company for the earnings for FY19E and FY20E ts seen at Rs. 22.26 and Rs. 26.19 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 20% and 33% over 2017 to 2020E respectively.

On the basis of EV/EBITDA, the stock trades at 9.35 x for FY19E and 7.68 x for FY20E.

Price to Book Value of the stock 1s expected to be at 3.23 x and 2.64 x for FY19E and FY20E respectively.



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