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AIAENG Share Price Target

AIA Engineering Ltd.
Sector: Engineering
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AIAENG Share Price *
1,650 +21.15 (1.3%)
* (quote may be delayed)
AIAENG Share Price Forecast - Consensus
No. of reports in last year
7
No. of analysts
4
Average Consensus Forecast
1933.57
Consensus Potential
15.23%

AIAENG Share Price Target - Broker Reports - 2019

Kotak Securities
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)
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Karvy Stock Broking
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.
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Karvy Stock Broking
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.
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ICICIdirect.com
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.
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Kotak Securities
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.
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AnandRathi
16-Apr-19
Price @ Call: 1795
Target: 2218
BUY

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

AIAENG Share Price Target - Broker Reports - 2018

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

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

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

ICICIdirect.com
18-May-18
Price @ Call: 1578.96
Target: 1880
BUY

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

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

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

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

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

AIAENG Share Price Target - Broker Reports - 2017

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

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

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

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

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

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

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

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

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

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

AIAENG Share Price Target - Broker Reports - 2016

ICICIdirect.com
16-Nov-16
Price @ Call: 1230
Target: 1400
BUY

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

  • AIAENG - Share Price Target Potential

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    BrokerageTargetPotential
    Kotak Securities1,8009.51%
    Karvy Stock Broking1,90314.41%
    ICICIdirect.com2,05020.54%
    AnandRathi2,21826.56%