Power Grid IPO - Subscribe

By CROW -
PGCIL reported a CAGR revenue growth of 19.52% over FY05- 07. During FY07, PGCIL reported a EBITDA and PAT margin of 82.13% and 30.30% respectively.

At the price band of Rs 44-Rs 52, the issue is priced at 15.17x and 17.93 x its FY 2007 earnings per share (EPS) of Rs 2.9. Taking post issue diluted EPS of Rs 2.58, P/E will be 17.05 x and 20.15 x respectively, the broker said.

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