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AKSHARCHEM Share Price Target
AksharChem (India) Ltd.
Sector: Paints and Pigments
Sector: Paints and Pigments
AKSHARCHEM Share Price *
230 +10.65 (4.86%)
* (quote may be delayed)
AKSHARCHEM Share Price Forecast - Consensus
| No. of reports in last year | 2 |
| No. of analysts | 1 |
| Average Consensus Forecast | 223.00 |
| Consensus Potential | -12.48% |
AKSHARCHEM Share Price Target - Broker Reports - 2019
Kotak Securities
19-Aug-19
Price @ Call: 210
Target: 144
SELL
Despite sequential improvement in EBITDA margin in Q1FY20, we do not see any major turnaround in the margin (expect margins to decline from the levels of 1QFY20) and returns ratios profile in the medium term. Hence, we discontinue our coverage on the stock with a Sell rating and revised target price of Rs 144 (Vs Rs 260 earlier). At CMP, the stock is trading at 16.7x and 14.9x FY20E and FY21E, earnings which is higher than its last five years average of 14x and is expensive in our view, given the slowdown in the industry. In the past, the company used to get higher valuation due to improving earnings backed by realization.
Kotak Securities
22-Feb-19
Price @ Call: 329.95
Target: 302
SELL
AKSHARCHEM Share Price Target - Broker Reports - 2017
Kotak Securities
21-Sep-17
Price @ Call: 741.55
Target: 800
ACCUMULATE
Sptulsian.com
16-Jun-17
Price @ Call: 755
Target: 945
BUY