forum

ALICON Share Price Target

Alicon Castalloy Ltd.
Sector: Engineering
... Read more
ALICON Share Price *
367.65 +1.8 (0.49%)
* (quote may be delayed)
ALICON Share Price Forecast - Consensus
No. of reports in last year
1
No. of analysts
1
Average Consensus Forecast
657.00
Consensus Potential
44.32%

ALICON Share Price Target - Broker Reports - 2019

Sushil Finance
6-Aug-19
Price @ Call: 381.9
Target: 657
BUY
The company had established a Vision G-5 2021-22 – under which, the company aims to be one of the leading global 5 casting companies in terms of capabilities and achieve a topline of Rs.2,000 cr by FY22. However, looking at the current headwinds in the Indian auto industry, we believe, this is going to be delayed by a year or two. Considering the current slowdown and weak two- wheeler sales, we remain conservative and expect growth to remain slow during the current fiscal and with new products and contracts start contributing from next fiscal onwards, the growth is likely to be stronger. We expect the company to deliver an earnings per share of Rs.43.8 in FY21 as against Rs.38.8 in FY19. Assigning a target multiple of 15x, we derive a price target of Rs.657 over the next 18-24 months, which is an upside of ~66% from current levels. At current level of Rs.395, the stock trades at less than 10.0x of estimated FY21 earnings, which we believe makes it a compelling BUY.
... Read more

  • ALICON - Share Price Target Potential

    keyboard_arrow_down
    BrokerageTargetPotential
    Sushil Finance65744.32%