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Firstcall are 'overweight' on this ISO 9001:2008 certified textile company - IndiaNotes.com
Firstcall are 'overweight' on this ISO 9001:2008 certified textile company
Firstcall India Equity | Published: 14 Jun, 2016  | Source : IndiaNotes.com

OUTLOOK AND CONCLUSION


- At the current market price of Rs. 344.00, the stock P/E ratio is at 10.17 x FY17E and 8.82 x F Y18E respectively.


- Earning per share (EPS) of the company for the earnings for FY17E and FY18E is seen at Rs. 33.82 and Rs. 38.99 respectively.


- Net sales and PAT of the company are expected to grow at a CAGR of 9% and 34% over 2015 to 2018E respectively.


- On the basis of EV/EBITDA, the stock trades at 5.14 x for FY17E and 4.26 X for FY18E.


- Price to Book Value of the stock is expected to be at 1.72 x and 1.44 x for FY17E and FY18E respectively.


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


SYNOPSIS


- Garware-Wall Ropes Ltd is a leading player in Technical Textiles, specializing in providing customized solutions to the cordage and infrastructure industry worldwide.


- During Q4 FY16, the company’s net profit jumps to Rs. 172.82 million from Rs. 122.60 million in the corresponding quarter ending of previous year, an increase of 40.96%.


- Revenue for the quarter stood to Rs. 1883.81 million from Rs. 1969.11 million, when compared with the prior year period.


- During the quarter, EBIDTA is Rs. 296.45 million as against Rs. 231.25 million in the corresponding period of the previous year.


- EPS of the company stood at Rs. 7.90 during the quarter, as against Rs. 5.60 per share over previous year period.


- The company has recommended a Dividend of Rs. 3.30/- per share (33%) on equity shares of Rs. 10/- each for the financial year 2015-16.


- Revenues for FY2015-16 increased by 6% and stood at Rs. 8275.96 million as compared to Rs. 7842.49 million in FY2014-15.


- During the year ended 2015-16, Net Profit increased by 44% to Rs. 618.76 million from Rs. 430.55 million in the previous year ended FY2014-15.


- Net sales and PAT of the company are expected to grow at a CAGR of 9% and 34% over 2015 to 2018E respectively.

 

  Read full report Click here to read the full report


About Firstcall India Equity

Firstcall India Equity of Firstcall India Equity Advisors Pvt. Limited (FIEA), is a leading financial services provider in India and a SEBI Registered Category-I Merchant Banker. FIEA is a culmination of a credible Equity Research Capabilities, Long Standing Relationship with leading FIIs, DFIs, MFs, Overseas Pension Funds etc. The company’s research caters to the needs of the largest news wire and media houses of the world namely Reuters, Thomson, Capital IQ, Themarkets.com, Emerging Markets Euro money Publications-UK. The Company is among the major players in the Debt and Equity markets.


For more information please write in to editor@indianotes.com

 

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 IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.

 
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