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AMARAJABAT Share Price Target

Amara Raja Batteries Ltd.
Sector: Auto Ancillaries
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AMARAJABAT Share Price *
727.2 -4.9 (-0.67%)
* (quote may be delayed)
AMARAJABAT Share Price Forecast - Consensus
No. of reports in last year
7
No. of analysts
5
Average Consensus Forecast
720.29
Consensus Potential
-3.56%

AMARAJABAT Share Price Target - Broker Reports - 2019

ICICIdirect.com
25-Jul-19
Price @ Call: 631.5
Target: 590
REDUCE
We expect sales, PAT to grow at 6.6%, 9.3% CAGR, respectively, in FY19- 21E. Our outlook on ARBL remains cautious given the continued slowdown in the auto OEM space and emergence of volatility in the business profile brought about by expected increase in usage of lithium ion technology going forward. We maintain our REDUCE rating on the stock with an unchanged target price of | 590 i.e. 17.5x P/E on FY21E EPS of | 33.8.
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Dolat Capital
23-Jul-19
Price @ Call: 626.4
Target: 684
BUY
Amara Raja reported strong results in 1QFY20 in challenging conditions. Net profit jumped 25% YoY to Rs 1.4bn, due to sharp margin expansion of 300bps and a low base. We remain positive about the Indian batteries market, as we expect 1) replacement demand to further improve, given healthy primary sales in the past three years, 2) a market share gain from unorganized players, after GST, and 3) an uptick in the nascent e-rickshaws /solar batter. We forecast Revenue/EBITDA/PAT CAGR of 8%/11%/10% over FY19-21E. At CMP, the stock trades at 19/18x for FY20/21E EPS (vs 5 year historical multiple of 28), we recommend an Accumulate rating, with a TP Rs 684 (20x FY21E EPS).
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Elara Capital
17-May-19
Price @ Call: 623.35
Target: 745
ACCUMULATE
We believe volume in the telecom batteries has bottomed, and we expect low single-digit growth in the telecom battery segment over FY19-21E. However, the automotive replacement segment continues to grow in the double digits, led by capacity addition in 2W and 4W segments. Sustained double-digit growth in the replacement segment remains a key positive, in our view. The auto replacement contribution of ~40% would aid AMRJ in smoothened revenue growth over FY20- 21E despite OEM slowdown. We reduce our FY20-21E EPS by 3-4% to factor in lower auto OEM growth. We recommend Accumulate with a new TP of INR 745 from INR 840 on 20x (22x earlier) FY21E EPS as we roll forward.
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Motilal Oswal
17-May-19
Price @ Call: 623.35
Target: 761
BUY
We cut FY20/21 EPS by 8%/12% as we trim revenue estimates by 7%/10% due to weaker auto OEM outlook and weak lead prices. We expect the replacement market growth to remain strong for organized players; some stability in telecom segment volumes and soft lead prices should support margins. With exit of Johnson Control, promoters are expected to play a pivotal role in the long-term strategy as well as in technology sourcing. We estimate revenue/ EBITDA/PAT to grow 10%/15%/16% CAGR (FY19-21E). The stock trades at 18.8x/16.4x FY20E/21E EPS. Maintain Buy with a TP of INR761 (20x Mar’21 EPS).
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ICICIdirect.com
16-May-19
Price @ Call: 619.1
Target: 590
REDUCE
We expect sales, EBITDA and PAT to grow at -0.4%, 8.3% & 7.5% CAGR, respectively over FY19-21E. With the slowdown in the auto OEM space amid a decline in discretionary spend and muted growth prospects in the industrial domain (telecom space), we downgrade the stock to REDUCE with a revised target price of Rs 590 i.e. 18x P/E on FY21E EPS of Rs 32.7 /share.
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Motilal Oswal
13-Feb-19
Price @ Call: 739
Target: 855
BUY

AMARAJABAT Share Price Target - Broker Reports - 2018

Geojit Financial Services
13-Dec-18
Price @ Call: 731.95
Target: 817
ACCUMULATE

Geojit Financial Services
30-Oct-18
Price @ Call: 756.51
Target: 921
BUY

Indiabulls Ventures
15-Oct-18
Price @ Call: 735.45
Target: 880
BUY

ICICIdirect.com
14-Aug-18
Price @ Call: 846.1
Target: 875
HOLD

Motilal Oswal
13-Aug-18
Price @ Call: 822
Target: 946
BUY

ICICIdirect.com
23-May-18
Price @ Call: 798.31
Target: 875
HOLD

Edelweiss
22-May-18
Price @ Call: 810.8
Target: 1013
BUY

Cholamandalam Securities
22-May-18
Price @ Call: 798.31
Target: 925
BUY

Motilal Oswal
21-May-18
Price @ Call: 820
Target: 952
BUY

Choice Equity Broking
5-Mar-18
Price @ Call: 816
Target: 1049.5
BUY

Geojit Financial Services
26-Feb-18
Price @ Call: 814.45
Target: 892
ACCUMULATE

Cholamandalam Securities
22-Feb-18
Price @ Call: 799
Target: 945
BUY

Motilal Oswal
12-Feb-18
Price @ Call: 848.19
Target: 1035
BUY

AMARAJABAT Share Price Target - Broker Reports - 2017

Geojit Financial Services
14-Nov-17
Price @ Call: 789
Target: 886
ACCUMULATE

Motilal Oswal
11-Nov-17
Price @ Call: 748.69
Target: 856
BUY

ICICIdirect.com
10-Aug-17
Price @ Call: 802.45
Target: 870
HOLD

Geojit Financial Services
9-Aug-17
Price @ Call: 802.45
Target: 895
ACCUMULATE

Motilal Oswal
8-Aug-17
Price @ Call: 822.55
Target: 986
BUY

Geojit Financial Services
31-May-17
Price @ Call: 864
Target: 966
BUY

Kotak Securities
26-May-17
Price @ Call: 840.45
Target: 760
SELL

Edelweiss
25-May-17
Price @ Call: 837
Target: 954
BUY

Geojit Financial Services
25-Jan-17
Price @ Call: 861
Target: 994
BUY

ICICIdirect.com
24-Jan-17
Price @ Call: 868
Target: 930
HOLD

Motilal Oswal
23-Jan-17
Price @ Call: 902
Target: 1087
BUY

AMARAJABAT Share Price Target - Broker Reports - 2016

Angel Broking
8-Nov-16
Price @ Call: 1010
Target: 1167
BUY

ICICIdirect.com
7-Nov-16
Price @ Call: 1014
Target: 1025
HOLD

Motilal Oswal
4-Nov-16
Price @ Call: 1007
Target: 1176
BUY

Geojit Financial Services
11-Aug-16
Price @ Call: 907
Target: 1008
ACCUMULATE

Geojit Financial Services
27-Jun-16
Price @ Call: 863.95
Target: 960
BUY

Angel Broking
10-Jun-16
Price @ Call: 846.31
Target: 1076
BUY

Edelweiss
31-May-16
Price @ Call: 840
Target: 950
BUY

Motilal Oswal
25-May-16
Price @ Call: 851
Target: 975
BUY

  • AMARAJABAT - Share Price Target Potential

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    BrokerageTargetPotential
    ICICIdirect.com590-24.08%
    Dolat Capital684-7.03%
    Elara Capital7451.73%
    Motilal Oswal7613.80%
    Geojit Financial Services81710.39%