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Talwalkars Better Value Fitness Q3FY17: Way2wealth reiterate BUY on the stock -
Talwalkars Better Value Fitness Q3FY17: Way2wealth reiterate BUY on the stock
Way2wealth | Published: 15 Feb, 2017  | Source :


TaIwaIkar has reported its Q3FYI 7 results which were in line with our estimates. We reiterate BUY recommendation on the stock.


  • Net Sales grew by I I.3% YoY to Rs 531mn.
  • EBITDA margins expanded by 19bp YoY to 49.9%.
  • PAT grew by 14% YoY to Rs 62mn.


At CMP of Rs 222, TalwaIkars is currently trading at a PE of 7.9x FYi SE and EV/EBITDA of 3.8x FY1 8E. Given the Company's a) strong growth prospects given its leadership position in highly under penetrated and growing market b) 23% PAT CAGR over FY16-78E and c) average ROE of 15% through FY16-18E, we value the company at 12xFYl8E EPS with a target price of Rs 337. We reiterate a BUY rating on 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 accept any liability whatsoever arising from the use of any of the above contents.

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