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S Chand and Company Q3FY18: To benefit from the synergies of recent acquisitions; Accumulate - IndiaNotes.com
S Chand and Company Q3FY18: To benefit from the synergies of recent acquisitions; Accumulate
Way2wealth | Published: 14 Feb, 2018  | Source : IndiaNotes.com

Valuation & Outlook


S Chand and Company is a heritage super brand in the Indian Education Content space. With experience, brands and geographical reach, the company is well poised to build forth future growth. Learning material combined with digital support helps S Chand and Company to differentiate its offering. We believe going forward the company will consolidate operations and benefit from the synergies of recent acquisitions. We believe the company can grow it’s topline at a CAGR of 13-15% over the next 2 to 3 years while earnings will grow faster on the back of deleveraging of the balance sheet. Post recent correction in the stock we believe the stock is available at reasonable valuations.

At the CMP of Rs 483/- the stock trades at 18.6x & 14.3x its estimated EPS of Rs25.9/- & Rs 33.7/- for FY18 & FY19 respectively. We advise investors with a long-term investment  horizon to ACCUMULATE the stock.

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About Way2wealth

Way2Wealth today has established itself as one of India’s ‘Premier Investments Consultancy Firms’, known for making investing simpler, more understandable and profitable for the investors. They offer a wide range of products & services viz: Equity, Derivatives, Currency Futures, Commodities Trading, IPO's, Mutual Funds, Portfolio Management Services & Depository Services.

 

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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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