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

KEY RESULT HIGHLIGHTS


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


Q3FYI7 RESULT HIGHLIGHTS

  • 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.


VALUATIONS AND RECOMMENDATIONS


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.

 

  Read full report Click here to read the full report


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.

 

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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