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Uniply Industries Q2FY18: An investment idea for medium to long-term - IndiaNotes.com
Uniply Industries Q2FY18: An investment idea for medium to long-term
Firstcall India Equity | Published: 12 Jan, 2018  | Source : IndiaNotes.com

Uniply Industries Limited manufactures and sells plywood and panel products in India and internationally.


Consolidated net profit increased by 132.77% to Rs. 61.45 mn in the current quarter as against Rs. 26.40 mn in the corresponding period of the previous year.


During Q2 FY18, consolidated EBIDTA was Rs. 166.38 mn as against Rs. 69.43 mn in the corresponding period of the previous year.


Consolidated PBT of the company for Q2 FY 18 registered at 92.44 mn as against Rs. 39.06 mn in Q2 FY 17.


Consolidated EPS of the company registered at Rs. 2.57 as against Rs. 1.26 in the corresponding previous year.


Net Profit for H1 FY 18 registered a growth of 170.33% at Rs. 119.05 mn as against Rs. 44.04 mn in corresponding previous year.


For H1 FY 18, Revenue stood at Rs. 1682.55 mn as compared to Rs. 867.94 mn, up by 93.86% in H1 FY 17.


Net Sales and Operating Profit of the company are expected to grow at a CAGR of 45% and 66% over 2016 to 2019E, respectively.


OUTLOOK AND CONCLUSION


At the current market price of Rs. 408.35, the stock P/E ratio is at 42.80 x FY18E and 35.80 x FY19E respectively.



Earning per share (EPS) of the company for the earnings for FY17E and FY18E is seen at Rs. 9.54 and Rs. 11.41, respectively.


Net Sales and Operating Profit of the company are expected to grow at a CAGR of 45% and 66% over 2016 to 2019E, respectively.



On the basis of EV/EBITDA, the stock trades at 17.53 x for FY18E and 15.15 x for FY19E.



Price to Book Value of the stock is expected to be at 6.00 x and 5.14 x for FY18E and FY19E respectively.



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

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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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