Buy TVS Motor Company Ltd., target Rs 400.0 : Anand Rathi

Anand Rathi has Buy call on TVS Motor Company Ltd. with a target price of Rs 400.0. The current market price of TVS Motor Company Ltd. is 322.15. Time period given by analyst is year, when TVS Motor Company Ltd. price can reach defined target. Anand Rathi remains optimistic that the company is on the verge of a turnaround. It expects revenue of 13%, EBITDA of 34% and PAT of 39% CAGR over FY16-18. It pegged PE at 25.6x FY17 and 18.2x FY18E earnings. Peer Hero Moto is trading at 19.84x FY17E earnings according to Bloomberg estimates.