Solar Industries India Q2FY19: Revenue up by 27.54%; Overweight

Firstcall India Equity | Oct. 30, 2018, 12:45 p.m.

OUTLOOK AND CONCLUSION

At the current market price of Rs.972.00, the stock P/E ratio is at 34.78 x FY19E and 29.75 x FY2OE respectively.

Earning per share (EPS) of the company for the earnings for FY19E and FY2OE is seen at Rs. 27.94 and Rs. 32.67 respectively.

Nets sales and PAT of the company are expected to grow at a CAGR of 14% and 15% over 2017 to 202GB respectively.

On the basis of EV/EBITDA, the stock trades at 18.48 x for FY19E and 16.44 x for FY2OE.

Price to Book Value of the stock is expected to be at 6.78 x and 5.71 x for FY19E and FY2OE respectively.

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



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