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21 Mar 2023
|
TVS Electronics
|
ICICI Direct
|
479.60
|
|
295.55
(62.27%)
|
|
Not Rated
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|
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03 Jan 2018
|
TVS Electronics
|
Choice India
|
479.60
|
500.00
|
398.35
(20.40%)
|
Target met |
Buy
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Valuation: We expect that the company will have an impetus leading to strong growth in the medium to long term on account of a number of initiatives taken in line with the changing markets and adapting to the new technologies in a efficient manner. Thus, on our valuation front, at CMP 399.0 , the company is trading at a P/E multiple of 48.5x as compared to the peer average of 53.4x, whereas the EV/EBITDA multiple is 28.7x as compared to the peer average of 26.3x. After considering all these factors and high probability of strong growth in the future we recommend a Buy,...
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