Sales have grown 30% YoY and net profit has seen 24% growth. TTM EPS at Rs. 14.44. PE Ratio at 7 times. The stock belongs to engineering sector.
We project FY2008 EPS at Rs. 16.5 and FY2009EPS at Rs. 20. Taking a PE of 10 times, we project a price of Rs. 200 (100% returns) in next 18-24 months.
Author: anandmys