Teamlease Services Q3FY19: Consolidated net profilt up by 37.3%; Overweight

Firstcall India Equity | Feb. 7, 2019, 1:09 p.m.

Outlook & Conclusion

At the current market price of Rs. 2734.50, the stock P/E ratio is at 47.24 x FY19E and 38.31 x FY20E respectively.

Earnings per share (EPS) of the company for the earnings for FY19E and FY20E are seen at Rs. 57.89 and Rs. 71.37 respectively.

Net Sales and PAT of the company are expected to grow at a CAGR of 21% and 28% over 2017 to 2020E respectively.

On the basis of EV/EBITDA, the stock trades at 39.52 x for FY19E and 31.33 x for FY20E.

Price to Book Value of the stock is expected to be at 8.65 x and 7.06 x for FYI9E and FY20E respectively.

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



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