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ANUP Share Price Target
The Anup Engineering Ltd.
Sector: Engineering
Sector: Engineering
ANUP Share Price *
395.2 -8.35 (-2.07%)
* (quote may be delayed)
ANUP Share Price Forecast - Consensus
| No. of reports in last year | 1 |
| No. of analysts | 1 |
| Average Consensus Forecast | 650.00 |
| Consensus Potential | 37.92% |
ANUP Share Price Target - Broker Reports - 2019
Nirmal Bang
21-Aug-19
Price @ Call: 409.52
Target: 650
BUY
Anup’s current revenue base of Rs. 243 Cr seems small in the overall context upon considering the industry size (~Rs. 27,000 Cr), strong parentage of Arvind Group, decades of experience and increased focus post demerger from the flagship group company. We thus believe Anup is geared to witness accelerated growth in coming years and is available at attractive valuations at 8.7x FY20E EPS. We recommend a BUY on Anup with a target price of Rs. 650, based on 14x FY20E EPS.