The below is a financial snapshot for CIND.
|Rs mn||2011/12||2012/13||2013/14||2014/15||2015/16||2016/17 F|
|No of shares||9.9||9.9|
In terms of valuations, the stock is currently trading at a PE of 5.9x @ CMP. Evaluation based on historical PE trajectory the stock could be valued in between Rs116.70 and Rs136.70 with a mid value of Rs122.10. Based on the FY 16/17 earnings the stock could be valued between Rs109.20 and Rs127.90 with a mid value of Rs114.3. In summary based on PE platform and projected earnings the stock indicates an upside potential of at least 7% from the current price levels. However based on beta based estimation the stock should reach 124 level when the ASPI reaches 7000 in mid term.