Firstcall's report on Welspun IndiaWelspun India Ltd part of the US$ 3 billion Welspun Group, is among the top three home textile manufacturers in the world and the largest home textile company in Asia.> At the current market price of Rs. 734.45, the stock P/E ratio is at 10.36 x FY16E and 9.36 x FY17E respectively > Earning per share (EPS) of the company for the earnings for FY16E and FY17E is seen at Rs.70.87 and Rs.78.43 respectively.> Net Sales and PAT of the company are expected to grow at a CAGR of 16% and 37% over 2014 to 2017E respectively.> On the basis of EV/EBITDA, the stock trades at 5.88 x for FY16E and 5.40 x for FY17E.> Price to Book Value of the stock is expected to be at 3.52 x and 2.64 x for FY16E and FY17E respectively.> Hence, we recommend ‘BUY’ in this particular scrip with a target price of Rs.845.00 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.
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