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Talwalkars Better Value Fitness Q4FY17: Way2wealth retain BUY rating -
Talwalkars Better Value Fitness Q4FY17: Way2wealth retain BUY rating
Way2wealth | Published: 19 Jun, 2017  | Source :

Q4FY17 Result Highlights:

  • Net Sales grew by 12.5% YoY to Rs900mn.
  • EBITDA margins expanded by 149bp YoY to 70.2%.
  • PAT grew by 21.6% YoY to Rs246mn.

Valuations & Recommendations:

At CMP of Rs 305, Talwalkars is currently trading at a PE of 9.7x FY19E and EV/EBITDA of 5.0x FY19E.  Given the Company's  a) strong growth prospects given its leadership position in highly under penetrated and growing market  b) 19% PAT CAGR over FY17-19E and c) average ROE of 15% through FY17-19E, we value the company at 12xFY19E EPS with a target price of Rs 378.  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.


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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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