Solar Industries India Q1FY19: EBITDA grew by 31.34%; Overweight

Firstcall India Equity | Sept. 24, 2018, 6:34 p.m.

OUTLOOK AND CONCLUSION

At the current market price of Rs.1099.00, the stock P/E ratio is at 40.13 x FY19E and 35.98 x FY2OE respectively.

Earning per share (EPS) of the company for the earnings for FY19E and FY2OE is seen at Rs. 27.38 and Rs. 30.54 respectively.

Nets sales and PAT of the company are expected to grow at a CAGR of 11% and 13% over 2017 to 202oE respectively.

On the basis of EV/EBITDA, the stock trades at 21.49 x for FY19E and 19.67 x for FY2OE.

Price to Book Value of the stock is expected to be at 7.73 x and 6.64 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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