RS Software Research Report By FirstCall Research

– At the current market price of Rs. 383.70, the stock P/E ratio is at 7.51 x FY15E and 6.46 x FY16E respectively.

– Earning per share (EPS) of the company for the earnings for FY15E and FY16E is seen at Rs.51.10 and Rs.59.37 respectively.

– Net Sales and PAT of the company are expected to grow at a CAGR of 16% and 28% over 2013 to 2016E respectively.

– On the basis of EV/EBITDA, the stock trades at 4.18 x for FY15E and 3.44 x for FY16E.

– Price to Book Value of the stock is expected to be at 2.06 x and 1.61 x respectively for FY15E and FY16E.

– 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.430.00 for Medium to Long term investment.

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