Bilcare has target of Rs 808, says Ranjit Kapadia, HDFC Securities.
Kapadia told CNBC-TV18, "Billcare is in the manufacturing of pharmaceutical packaging and recently it has acquired a company called INEOS. This is an international company, which is a manufacturing of film packaging."
He further added, "This division caters to the various industries and that acquisition has brought about 1,900 clients and the major is a credit card, they have become the global leaders in both pharmaceutical packaging and credit card business. Price target is Rs 808, which is 8 times FY12 earnings of Rs 101."
The company's trailing 12-month (TTM) EPS was at Rs 35.68 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 13.32. The latest book value of the company is Rs 332.35 per share. At current value, the price-to-book value of the company was 1.43
Disclosure: I am holding the above scrip.
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