V-Guard Industries: Revenues stands at Rs.5235.16 mn in Q3FY18, up 17.05%; Overweight

Revenue for the 3rd quarter stood at Rs. 5235.16 mn from Rs. 4472.42 mn, when compared with the prior year period, up by 17.05%. At the current market price of Rs. 227.50, the stock P/E ratio is at 62.58 x F Y18E and 54.66 X F Y19E respectively. We are Overweight in this particular scrip for Medium to Long term investment.