Firstcall Research has recommended 'Buy' on GHCL with target price of Rs 82 as against current market price of Rs 70.50 in its report.

Commenting on the investment rationale, the stock broker said, "In Q4 FY15, net profit of the company stood at Rs. 511.10 million as against Rs. 388.83 million in the corresponding quarter of previous year, an increase of 31.45% y-o-y.  Net sales of the company rose by 7.10% y-o-y and stood at Rs. 6410.45 million for the 4th quarter of FY15 compared to Rs. 5985.45 million for the 4th quarter of FY14.At the current market price of Rs. 70.50 the stock P/E ratio is at 3.51 x FY16E and 3.15 x FY17E respectively. Earnings per share (EPS) of the company for the earnings for FY16E and FY17E are seen at Rs. 20.07 and Rs. 22.40 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 7% and 18% over 2014 to 2017E respectively. On the basis of EV/EBITDA, the stock trades at 3.45 x for FY16E and 3.17 x for FY17E. We recommend 'Buy' in this particular scrip with a target price of Rs. 82 for medium to long term investment."  

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