Buy Capital Trust; target of Rs 269: Firstcall Research

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

live

• bselive
• nselive

Volume

Todays L/H

More

×

Firstcall Research's report on Capital Trust

"Capital Trust is a Non Banking Finance Company (nondeposit taking) provides micro loans predominantly in rural and semi urban areas has reported its financial results for the quarter ended 31st March, 2015. The company has achieved a turnover of Rs. 117.28 million for the 4th quarter of the financial year 2015 as against Rs. 64.49 million in the corresponding quarter of the previous year. EBITDA of Rs. 83.73 million in Q4 FY15, an increase of 97.52% against the corresponding period of last year. In Q4 FY15, net profit of Rs. 28.31 million against Rs. 6.23 million in the corresponding quarter of the previous year. The company has reported an EPS of Rs. 3.77 for the 4th quarter as against an EPS of Rs. 0.83 in the corresponding quarter of the previous year."

OUTLOOK AND CONCLUSION

At the current market price of Rs. 234.00, the stock P/E ratio is at 13.54 x FY16E and 10.60 x FY17E respectively.

Earning per share (EPS) of the company for the earnings for FY16E and FY17E is seen at Rs.17.29 and Rs.22.08 respectively.

Related stories

Firstcall_Research

Firstcall Research

• 
  Buy Akzo Nobel; target of Rs 1420: Firstcall
• 
  Buy Dai-Ichi Karkar; target of Rs 430: Firstcall
• 
  Buy Lakshmi Machine; target of Rs 3600: Firstcall

Net Sales and PAT of the company are expected to grow at a CAGR of 60% and 81% over 2014 to 2017E respectively.

On the basis of EV/EBITDA, the stock trades at 6.01 x for FY16E and 4.77 x for FY17E.

Price to Book Value of the stock is expected to be at 6.03 x and 4.07 x respectively for FY16E and FY17E.

"We expect that the company surplus scenario is likely to continue for the next three years, will keep its growth story in the coming quarters also. We recommend ‘BUY’ in this particular scrip with a target price of Rs 269 for Medium to Long term investment", says Firstcall Research Report.

For all recommendations, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More