Way2Wealth is bullish on Talwalkars Fitness has recommended buy rating on the stock with a target price of Rs 348 in its research report dated December 01, 2016.
At CMP of Rs 251, Talwalkars is trading at a PE of 8.7x FY18E and EV/EBITDA of 4.1x FY18E. Given the Company's a) strong growth prospects given its leadership position in highly under penetrated and growing market b) 25% PAT CAGR over FY16 -18E and c) average ROE of 16% through FY16-18E, we value the company at 12xFY18E EPS with a target price of Rs 348. We reiterate a BUY rating on the stock for a target price of Rs 348 (upside potential of 39% over the next18 months).
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