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ABFRL Consensus Forecast
No. of reports in last year
6
No. of analysts
6
Average Consensus Forecast
223
Consensus Potential
0.59%
ABFRL Price Target Potential
| Brokerage | Target | Potential |
|---|---|---|
| LKP Securities Limited | 272 | 19.63% |
| Axis Direct | 240 | 8.92% |
| ICICIdirect.com | 225 | 2.84% |
| HDFC Securities | 200 | -9.30% |
| Sharekhan | 191 | -14.45% |
ABFRL Ratings
Long term ABFRL rating by FrontPage users
- ★★
- ★★
- ★★
- ★★
- ★★
5/5 (4 Ratings)
6 ABFRL share price target reports by brokerages below. See what is analyst's view on ABFRL share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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ABFRL Share Price Target
ABFRL Share Price Target - Broker Reports - 2021
LKP Securities Limited
13-Sep-21
Price @ Call: 214
Target: 272
BUY
Axis Direct
15-Mar-21
Price @ Call: 216.85
Target: 240
BUY
ICICIdirect.com
2-Mar-21
Price @ Call: 200.4
Target: 225
BUY
HDFC Securities
9-Feb-21
Price @ Call: 168.13
Target: 200
BUY
ABFRL Share Price Target - Broker Reports - 2020
Sharekhan
29-Dec-20
Price @ Call: 163.97
Target: 191
BUY
Edelweiss
25-Oct-20
Price @ Call: 167.4
Target: 210
BUY
ICICIdirect.com
28-May-20
Price @ Call: 112.17
Target: 140
BUY
Owing to a sharp increase in working capital requirements (NWC days: 38 days vs. 14 days in FY19), net debt increased to Rs 2500 crore (debt/EBITDA: 6.0x) as on FY20E. The management highlighted that the company has adequate access to banking lines due to lineage of Aditya Birla Group and no long term debt repayment obligation over the next year. Furthermore, to de-leverage the balance sheet, the company has proposed a rights issue worth Rs 1000 crore to bring debt/equity ratio below 2.5x by FY22E. We believe that with its strong brand patronage and large distribution reach it will be able to revive its revenue growth post normalisation of situation. We reiterate BUY rating with a target price of Rs 140 (1.4x EV/sales).
Indiabulls Ventures
6-Feb-20
Price @ Call: 246.23
Target: 295
BUY
Edelweiss
21-Jan-20
Price @ Call: 230.74
Target: 260
BUY
Sustained revival in organised retail formats, prudent store expansion, strategic changes in Forever21 and focus on innerwear and new brands instill confidence inABFRL’s growth. We retain 45x 12 months forward PE (10% discount to Trent), as we roll-forward to June 2021, yielding a TP of INR260. The stock is trading at 36.2x FY22E P/E. We maintain ‘BUY/SO’.
ABFRL Share Price Target - Broker Reports - 2019
Motilal Oswal
13-Nov-19
Price @ Call: 209.34
Target: 250
BUY
We have maintained our TP at INR250 (19% upside), valuing ABFRL on SOTP basis and assigning EV/EBITDA multiple of 20x to Lifestyle, 18x to Pantaloons and EV/Sales of 1x to other businesses. Healthy FCF generation, potential deleveraging and improvement in ROCE should garner better valuation. Maintain Buy.
ICICIdirect.com
7-Aug-19
Price @ Call: 202.29
Target: 240
BUY
We continue to like ABFRL due to its strong brand portfolio of lifestyle brands and improving profitability metrics for Pantaloons. The latest ethnic wear acquisitions would provide ABFRL an existing ecosystem (designing team, supply chain, dealer network, etc) in an underpenetrated category that can be scaled up. Furthermore, ABFRL’s foray into innerwear business has witnessed significant traction with revenues growing 2x in FY19 and 67% in Q1FY20. We pencil in revenue and EBITDA CAGR of 13% and 24%, respectively, for FY19-21E. We do not factor in the impact of Ind-AS 116. We have a BUY rating on the stock with a target price of | 240 (1.9x FY21E EV/sales).
AnandRathi
23-Jul-19
Price @ Call: 202.93
Target: 247
BUY
ICICIdirect.com
17-Jul-19
Price @ Call: 202.7
Target: 240
BUY
We continue to like ABFRL due to its strong brand portfolio of lifestyle brands and improving profitability metrics for Pantaloons. The ethnic wear acquisition would provide ABFRL an existing ecosystem (designing team, supply chain, dealer network, etc) in an underpenetrated category, which can be scaled up. Since the contribution to overall revenues (~1%) is not material as of now, we do not incorporate the same in our estimates. We pencil in a revenue and EBITDA CAGR of 13% and 23%, respectively, for FY19-21E. We have a BUY rating on the stock with a target price of Rs 240 (1.9x FY21E EV/sales).
ICICIdirect.com
16-May-19
Price @ Call: 189.2
Target: 240
BUY
Despite a weak Q4FY19, ABFRL exited FY19 with steady overall revenuegrowth of 13% YoY to Rs 8117.7 crore. ABFRL’s foray into innerwear businesswitnessed significant traction with revenues growing 2x to Rs 200 crore in FY19. Overall EBITDA margins remained constant at 6.8% on account of higher marketing spends especially in innerwear business and lifestyle brands. Factoring in the performance of Q4FY19, we revise our estimates downwards and expect revenue and EBITDA to grow at a CAGR of 13% and 24%, respectively, in FY19-21E. We believe the growth story remains intact with Q4FY19 being an exception. We reiterate our BUY rating on the stock with a revised target price of Rs 240 (FY21E 1.9x EV/sales).
AnandRathi
23-Apr-19
Price @ Call: 219.5
Target: 256
HOLD
Motilal Oswal
10-Apr-19
Price @ Call: 213.89
Target: 260
BUY
ICICIdirect.com
6-Feb-19
Price @ Call: 213.15
Target: 250
BUY
ABFRL Share Price Target - Broker Reports - 2018
ICICIdirect.com
26-Dec-18
Price @ Call: 206.5
Target: 250
BUY
AnandRathi
17-Dec-18
Price @ Call: 199.1
Target: 239
BUY
Indiabulls Ventures
1-Nov-18
Price @ Call: 186.5
Target: 220
BUY
AnandRathi
15-Oct-18
Price @ Call: 185
Target: 237
BUY
JM Financial
12-Sep-18
Price @ Call: 189.52
Target: 225
BUY
Kotak Securities
28-Aug-18
Price @ Call: 209.7
Target: 220
BUY
AnandRathi
3-Aug-18
Price @ Call: 173.35
Target: 197
BUY
ICICIdirect.com
2-Aug-18
Price @ Call: 171.28
Target: 205
BUY
JM Financial
2-Aug-18
Price @ Call: 154.1
Target: 220
BUY
Edelweiss
2-Aug-18
Price @ Call: 154.1
Target: 187
BUY
AnandRathi
18-Jun-18
Price @ Call: 143.62
Target: 186
BUY
Edelweiss
14-May-18
Price @ Call: 150.95
Target: 187
BUY
ABFRL Share Price Target - Broker Reports - 2017
ICICIdirect.com
6-Nov-17
Price @ Call: 154.54
Target: 195
BUY
Edelweiss
30-Oct-17
Price @ Call: 149.95
Target: 193
BUY
ICICIdirect.com
28-Jul-17
Price @ Call: 170
Target: 210
BUY
Edelweiss
27-Jul-17
Price @ Call: 170
Target: 200
BUY
ICICIdirect.com
7-Jul-17
Price @ Call: 172.3
Target: 210
BUY
Edelweiss
12-May-17
Price @ Call: 170
Target: 200
BUY
ABFRL Share Price Target - Broker Reports - 2016
Edelweiss
25-Oct-16
Price @ Call: 162.14
Target: 202
BUY
Reliance Securities
1-Aug-16
Price @ Call: 145.25
Target: 172
BUY
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ABFRL Peer Stocks - Share Price Targets
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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