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APCOTEXIND Consensus Forecast

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Average Consensus Forecast
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APCOTEXIND Price Target Potential


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Long term APCOTEXIND rating by FrontPage users
3.7/5 (3 Ratings)

1 APCOTEXIND share price target reports by brokerages below. See what is analyst's view on APCOTEXIND share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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APCOTEXIND Share Price Target

APCOTEXIND Share Price Target - Broker Reports - 2019

Price @ Call: 162.62
Target: 175
Near term pressure could persist given auto slowdown. However, APCO’sbusiness strategy of 1) capacity augmentation, 2) product portfolio expansion (new product launches), 3) market share gains (import substitution), 4) new customer additions gives enough growth visibility over the long term. Owing to near term demand and growth concerns we revised our FY20E/21E which leads to significant downward revision in our TP to Rs. 175 (earlier Rs. 214). Ourrating also gets revised to ‘HOLD’ (earlier BUY) with cautious near term view.
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Price @ Call: 185.61
Target: 205
Auto and construction sectors represent major share to the Apcotex revenue and given the present situation of both sectors in domestic as well as global market, we expect the company could witness subdued volume growth in NBR and construction latex. Further, sluggish demand along with fall in raw material also provides meagre realization growth visibility, in turn limited revenue growth in FY20E. Going ahead, debottlenecking of 5000- 6000 MT of NBR capacity is expected to drive FY21E revenues, On the other hand, management highlighted that they may sacrifice operating margins to maintain volume growth due to ongoing turbulence in auto industry. This restricts meaningful bottom-line growth and hence, we cut our P/E multiple to 16x (implied EV/EBITDA ~9.6x) from 18x on FY21E and arrive at a target price of Rs 205, with a potential upside of 8%. We maintain HOLD rating on the stock.
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Price @ Call: 190.23
Target: 214
Given near term growth concerns (auto forms 30% of total revenues) we have revised our estimates downwards but continue to believe in the growth opportunity that APCO can deliver over the long term. We estimate, Revenue/EBITDA/PAT CAGR of 11%/19%/ 14% over FY19-21E driven by 1) volume led growth (NBR import substitution), 2) capacity expansion in NBR and Latexes with higher margin profile, 3) product portfolio expansion, 4) market share gains and 5) new customer additions offering earnings growth visibility. Further, funding majority of the Capex from internal accruals is healthy however we will await clarity on the major growth capex of Rs. 200-250cr and the funding mix. We now value the stock at 18xP/E based on its FY21E EPS with revised TP of Rs. 214. Retain BUY with cautious optimism.
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Price @ Call: 216
Target: 92
A huge price increase in Q4 improved Orient Cements’ overall performance, further augmented with some respite in cost pressures. Its new capacity-addition plans have slowed down. Thus, pressure on its balance sheet is expected to ease, though we anticipate that strong demand and higher cement prices in its key operating region would stabilise, resulting in better performance in FY20. We retain our Buy rating, with a higher target of Rs143.
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Price @ Call: 75.84
Target: 86.4
Capex on track, receivables & debt increase, strong earnings in FY18-20E. Over FY20-23, AIL plans to spend | 200-250 crore to significantly expand its nitrile rubber (~15000 T) and synthetic latex (~40000 T) capacity. The H1FY19 balance sheet witnessed some deterioration in working capital as receivables plus inventories have increased by ~| 27 crore. Short-term debt has also increased by ~| 13 crore to | 30.3 crore. Going forward, we expect AIL to deliver accelerated earnings of 14.9%, 14.4% and 14.5% in sales, EBITDA and PAT, respectively, in FY18-20E. AIL may face some margin volatility due to fluctuating prices of its key raw materials like Styrene, Butadiene and Acrylonitrile rubber. The company intends to partly offset this impact via efficient raw material purchase and increase the contribution of high margins exports. Accordingly, we remain positive on AIL. We value the company at 22x FY20E earnings to arrive at a target price of | 540/share. We maintain BUY recommendation on the stock.
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APCOTEXIND Share Price Target - Broker Reports - 2018

Price @ Call: 223.54
Target: 104
Price @ Call: 224.9
Target: 104
Price @ Call: 547.95
Target: 600

APCOTEXIND Share Price Target - Broker Reports - 2017

Price @ Call: 478.88
Target: 598
Price @ Call: 401.2
Target: 447
Price @ Call: 373
Target: 447

APCOTEXIND Share Price Target - Broker Reports - 2016

Price @ Call: 368
Target: 444
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  • APCOTEXIND Share Price Target Today- Technical Pivot Points (Classic)

    Upside Target 3343.47
    Upside Target 2339.58
    Upside Target 1333.57
    Downside Target 1323.67
    Downside Target 2319.78
    Downside Target 3313.77
  • APCOTEXIND Share Price Target weekly- Technical Pivot Points (Classic)

    Upside Target 3370.6
    Upside Target 2353.15
    Upside Target 1340.35
    Downside Target 1310.1
    Downside Target 2292.65
    Downside Target 3279.85
  • APCOTEXIND Share Price Target monthly- Technical Pivot Points (Classic)

    Upside Target 3415.77
    Upside Target 2382.88
    Upside Target 1352.32
    Downside Target 1288.87
    Downside Target 2255.98
    Downside Target 3225.42
  • APCOTEXIND Share Price Target today- Technical Pivot Points (Fibonacci)

    Upside Target 3339.58
    Upside Target 2335.8
    Upside Target 1333.47
    Downside Target 1325.9
    Downside Target 2323.57
    Downside Target 3319.78
  • APCOTEXIND Share Price Target weekly- Technical Pivot Points (Fibonacci)

    Upside Target 3353.15
    Upside Target 2341.59
    Upside Target 1334.46
    Downside Target 1311.34
    Downside Target 2304.21
    Downside Target 3292.65
  • APCOTEXIND Share Price Target monthly- Technical Pivot Points (Fibonacci)

    Upside Target 3382.88
    Upside Target 2358.65
    Upside Target 1343.67
    Downside Target 1295.2
    Downside Target 2280.22
    Downside Target 3255.98
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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