Firstcall Research's report on Coral India Finance and Housing
The company has achieved a turnover of Rs. 57.99 million for the 4th quarter of the financial year 2015 as against Rs. 16.42 million in the corresponding quarter of the previous year. EBITDA of Rs. 34.72 million in Q4 FY15, an increase of 427.66% against Rs. 6.58 million in the corresponding period of last year. In Q4 FY15, net profit of Rs. 25.66 million against Rs. 4.41 million in the corresponding quarter of the previous year. The company has reported an EPS of Rs. 2.57 for the 4th quarter as against an EPS of Rs. 0.44 in the corresponding quarter of the previous year.
OUTLOOK AND CONCLUSION
At the current market price of Rs. 57.20, the stock P/E ratio is at 4.44 x FY16E and 3.71 x FY17E respectively.
Earning per share (EPS) of the company for the earnings for FY16E and FY17E is seen at Rs.12.87 and Rs.15.43 respectively.
On the basis of EV/EBITDA, the stock trades at 3.00 x for FY16E and 2.48 x for FY17E.
Price to Book Value of the stock is expected to be at 0.70 x and 0.63 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 66 for Medium to Long term investment", says Firstcall Research Report.
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