My base case estimates for FY 16 are as follows:
- Revenue Rs 580 Cr , NP Rs 118 cr , EPS Rs 24.89 p/e 32.18 (MP Rs 801).
- ROE without Capex 41% and EBITDA Margin 38%
- Fair Value comes to Rs 756.
- As long as they maintain the above ROE and EBITDA, p/e multiple will not come down ( under normal market circumstances)
It is a buy for LT around this price and below this price in dips.
Rgds
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