SP Tulsian, sptulsian.com told CNBC-TV18, "If one take a call on Jubilant Foodworks Q4 numbers, I am taking sequential degrowth in the topline and bottomline. They have posted an EPS of close to about Rs 20 plus for FY13. I do not honestly see much improvement. Maybe a growth of maximum 25 percent on the bottomline that translates into an expected EPS of anywhere between Rs 25.50-26. If you take an optimistic view, I do not think that it can really go beyond Rs 26."
He further added, "If you really see the expectations earlier market had on this stock that yes the company will keep posting a growth of 40 percent in the bottom-line maybe for next three to four years that is coming to an end and now market will try to reconcile that if a company is going to give a growth of about 22-25 percent on the bottom-line why one should really give a PE multiple of 30 plus which is now ruling at a PE multiple of maybe 37-38 on the EPS estimate of about Rs 27 also which has been the consensus. If I really take a call once you see the next quarter results also which I do not think that things will really be very great and that will be giving the indications to the expected numbers for FY14. The stock can correct to a level of about Rs 750 or so."
At 11:12 hrs Jubilant Foodworks was quoting at Rs 1,014.90, down Rs 3.90, or 0.38 percent. It has touched a 52-week low of Rs 988.55.
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