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AIAENG Share Price Target

AIA Engineering Ltd.
NSE: AIAENG | BSE: 532683 | ISIN: INE212H01026 | Sector: Engineering

AIAENG Rating

3.9/5 (8 Ratings)
AIAENG Share Price *
1,890 +0 (0%)
* (quote may be delayed)

7 AIAENG share price target reports by brokerages below. See what is analyst's view on AIAENG 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.


You can also find AIAENG share price target tomorrow or next week from AIAENG discussion forum.

AIAENG Share Price Forecast - Consensus
No. of reports in last year
7
No. of analysts
4
Average Consensus Forecast
1948.57
Consensus Potential
2.39%

AIAENG Share Price Target - Broker Reports - 2019

15-Nov-19
Price @ Call: 1649.45
Target: 1995
BUY
With de-stocking in the mining sector, AIA’s revenue declined 6% y/y. As inventories at its plant were high, production was curtailed, by 18% y/y to 59,078 tons. With lower ferro-chrome prices, FY20 and FY21 margins are likely to expand. Concerns about the Vale mines continue. Factoring in the short-term uncertainties in the industry and the lower management guidance, we reduce our multiple from 30x to 28x. However with customers added and greater profitability, we retain our Buy, with a target of Rs1,995 (28x FY21e earnings).
... Read more

16-Aug-19
Price @ Call: 1651.34
Target: 1903
HOLD
We believe given the opportunity size and management’s commitment for EBITDAat 21%-22% offers long term visibility on growth and profitability. For the nexttwo years, we expect earnings growth of 14.5% CAGR to reach Rs. 70.5 whichis adequately reflected in the price. Hence, we maintain ‘HOLD’ rating by valuing AIA at 27x (decadal average) FY21 earnings for a target price of Rs. 1903. Key downside risk is rise in key inputs like ferro chrome and scrap metal and upside risk is strong volume growth.
... Read more

16-Aug-19
Price @ Call: 1651.34
Target: 1800
ADD
Management has reduced its volume guidance for FY2020 to ~2,85,000 Tonnes (earlier ~3,00,000) due to uncertainity over a major iron ore mining client in Brazil. We have downgraded our FY20/21E earnings estimate to Rs.5.3bn/6.8bn respectively (earlier Rs.6bn/7bn), post factoring Q1FY20 performance and uncertainity over Brazil client. At our revised estimates, the stock is trading at 29/30X FY20/21E earnings. We change our recommendation on the stock to ADD from SELL with a revised target price of Rs.1,800 (earlier Rs. 1,705), valuing the stock at 25X FY21E EPS and 17.7X FY21E EBITDA (in line with consensus estimates)
... Read more

31-May-19
Price @ Call: 1778.08
Target: 1969
HOLD
AIA’s relentless pursuit for market share gains by offering strong value propositionfor its customers has played out well over the years.We believe given the opportunitysize and management’s commitment for EBITDA at 21%-22% offers long term visibility on growth and profitability. For next two years, we expect volume growth of14.7% CAGR to reach 3.45 lakh tn and earnings growth of 15.4% CAGR to reachRs. 71.1 which is adequately reflected in the price. Hence, we maintain ‘HOLD’rating by valuing AIA at 27.7x (decadal average) FY21 earnings for a target price of Rs. 1969. Key downside risk is rise in key inputs like ferro chrome and scrap metaland upside risk is higher realization driven by currency gains.
... Read more

29-May-19
Price @ Call: 1776.77
Target: 1705
SELL
We roll forward our estimates on FY21E earnings and value AIA Engineering at PER 23x FY21 earnings and arrive at revised target price of Rs 1705 (Rs 1700 earlier). We retain ‘REDUCE’ rating on company’s stock.
... Read more

29-May-19
Price @ Call: 1714.6
Target: 2050
BUY
Strong visibility ramp up of mining segment along with focus on building in- house power capabilities to hedge power cost to help stabilise margins at current levels from FY20E onwards. We expect overall revenues and PAT to grow at a CAGR of 14.5% and 12.0%, respectively, over FY19-21E. We believe that AIA could benefit significantly from expected incremental sales volumes contribution from mining segment, technical collaboration with EEMS and recovery in non-mining segment. We revise our target price to RS 2050/share (30x FY21E EPS) and maintain BUY rating.
... Read more

16-Apr-19
Price @ Call: 1795
Target: 2218
BUY
Volume growth and margin expansion would lead to a healthy, 15%, revenue CAGR over FY18-21. With traction from developing countries and expansion by major miners, growth prospects seem appealing. Increasing low-grade, higher-volume ores can further increase growth prospects by ~100,000-150,000 tonnes. We expect a 21% earnings CAGR over FY18-21.
... Read more

11-Feb-19
Price @ Call: 1663.2
Target: 1890
BUY

AIAENG Share Price Target - Broker Reports - 2018

29-Aug-18
Price @ Call: 1703.47
Target: 1934
BUY

14-Aug-18
Price @ Call: 1754.67
Target: 1700
SELL

10-Aug-18
Price @ Call: 1754.37
Target: 1910
BUY

18-May-18
Price @ Call: 1578.96
Target: 1880
BUY

17-May-18
Price @ Call: 1510.85
Target: 1767
BUY

16-Apr-18
Price @ Call: 1426.04
Target: 1788
BUY

1-Mar-18
Price @ Call: 1432.95
Target: 1588
HOLD

8-Feb-18
Price @ Call: 1450.3
Target: 1348
SELL

7-Feb-18
Price @ Call: 1446
Target: 1788
BUY

AIAENG Share Price Target - Broker Reports - 2017

20-Nov-17
Price @ Call: 1397.95
Target: 1130
SELL

18-Aug-17
Price @ Call: 1400
Target: 1130
SELL

6-Jun-17
Price @ Call: 1432.7
Target: 1654
HOLD

26-May-17
Price @ Call: 1347
Target: 1600
BUY

25-May-17
Price @ Call: 1346
Target: 1639
BUY

26-May-17
Price @ Call: 1350
Target: 1533
BUY

14-Feb-17
Price @ Call: 1380
Target: 1571
BUY

14-Feb-17
Price @ Call: 1414
Target: 1723
BUY

23-Jan-17
Price @ Call: 1368
Target: 1571
BUY

4-Jan-17
Price @ Call: 1292
Target: 1102
REDUCE

AIAENG Share Price Target - Broker Reports - 2016

16-Nov-16
Price @ Call: 1230
Target: 1400
BUY

6-Jun-16
Price @ Call: 1007
Target: 1030
BUY

  • AIAENG - Share Price Target Potential

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    BrokerageTargetPotential
    AnandRathi1,9955.26%
    Karvy Stock Broking1,9030.68%
    Kotak Securities1,800-5.00%
    ICICIdirect.com2,0507.80%
  • AIAENG Share Price Target Today- Technical Pivot Points (Classic)

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    Upside Target 32,003.6
    Upside Target 21,951.3
    Upside Target 11,920.65
    Pivot1,868.35
    Downside Target 11,837.7
    Downside Target 21,785.4
    Downside Target 31,754.75
  • AIAENG Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 32,192.48
    Upside Target 22,091.22
    Upside Target 11,982.63
    Pivot1,881.37
    Downside Target 11,772.78
    Downside Target 21,671.52
    Downside Target 31,562.93
  • AIAENG Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 32,188.47
    Upside Target 22,038.73
    Upside Target 11,907.47
    Pivot1,757.73
    Downside Target 11,626.47
    Downside Target 21,476.73
    Downside Target 31,345.47
  • AIAENG Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 31,951.3
    Upside Target 21,919.61
    Upside Target 11,900.04
    Pivot1,868.35
    Downside Target 11,836.66
    Downside Target 21,817.09
    Downside Target 31,785.4
  • AIAENG Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 32,091.22
    Upside Target 22,011.05
    Upside Target 11,961.53
    Pivot1,881.37
    Downside Target 11,801.2
    Downside Target 21,751.68
    Downside Target 31,671.52
  • AIAENG Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 32,038.73
    Upside Target 21,931.39
    Upside Target 11,865.08
    Pivot1,757.73
    Downside Target 11,650.39
    Downside Target 21,584.08
    Downside Target 31,476.73
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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