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ARVIND Share Price Target
Arvind Ltd.
Sector: Textiles
Sector: Textiles
ARVIND Share Price *
36.45 -0.7 (-1.88%)
* (quote may be delayed)
ARVIND Share Price Forecast - Consensus
| No. of reports in last year | 6 |
| No. of analysts | 3 |
| Average Consensus Forecast | 91.17 |
| Consensus Potential | 57.89% |
ARVIND Share Price Target - Broker Reports - 2019
Sharekhan
8-Aug-19
Price @ Call: 54.2
Target: 66
HOLD
We have reduced our earnings estimates for FY2020 and FY2021 to factor in subdued performance in Q1FY2020. New garmenting plants are operating at a sub-optimal level and will take some time to scale up.Once the plants start operating at optimum utilisation, profitability of the textile business will improve. The stock has corrected by ~32% in the past three months. We maintain our Hold recommendation on the stock with a revised price target (PT) of Rs. 66.
Kotak Securities
7-Aug-19
Price @ Call: 53.75
Target: 75
BUY
We have downgraded our earnings’ estimates factoring in delay in ramp-up in garment business, challenges in denim exports, lower margin in projects business and increased interest expenses due to higher debt. The stock is presently trading at FY20E/21E PE of 6.7x/4.9x and EV/EBITDA of 5.3x/4.8x respectively. We maintain BUY recommendation on the stock with revised target price of Rs 75 (Vs Rs 103 earlier), valuing the stock at FY21E EV/EBITDA of 5.5x (vs 6x), factoring in increased challenges in the business.
Sharekhan
22-May-19
Price @ Call: 77.25
Target: 95
HOLD
We have marginally reduced ourearnings estimates for FY2020 to factor in lower volumes in the textile business but broadly maintain the estimates for FY2021. Revenue and PAT are expected to clock aCAGR of 8% each over FY2019-21. We maintainour Hold recommendation on the stock with an unchanged price target (PT) of Rs. 95. Anysignificant improvement in margins from currentlevels would be a key re-rating trigger for the stock.
Edelweiss
22-May-19
Price @ Call: 76.96
Target: 98
BUY
Factoring in this, we are trimming FY20/21E EBITDA by 4% each with a revised TP of INR98 (from INR104), rolling forward the valuation to September 2020E (6x EV/EBITDA). Despite the near term growth concerns, growth prospects (for garment and AM segments) remain among the highest in the sector. Maintain ‘BUY’.
Kotak Securities
21-May-19
Price @ Call: 80.25
Target: 103
BUY
We downgraded our revenue and margins estimates factoring in challenging business environment in denim business and delay in ramp-up in garment business. The stock is presently trading at FY20E/21E PE of 8.0x/6.7x and EV/EBITDA of 5.9x/5.5x, respectively. We maintain BUY recommendation on the stock with revised target price of Rs 103 (Vs Rs 110 earlier), valuing the stock at FY21E EV/EBITDA of 6x, as we roll forward our valuations to FY21E.
Kotak Securities
12-Feb-19
Price @ Call: 80
Target: 110
BUY
ARVIND Share Price Target - Broker Reports - 2018
Kotak Securities
5-Dec-18
Price @ Call: 105.03
Target: 130
BUY
Edelweiss
27-Nov-18
Price @ Call: 308
Target: 394
BUY
ICICIdirect.com
13-Nov-18
Price @ Call: 309.05
Target: 450
BUY
Kotak Securities
6-Nov-18
Price @ Call: 321.75
Target: 452
BUY
Kotak Securities
10-Oct-18
Price @ Call: 300.1
Target: 450
BUY
Cholamandalam Securities
10-Aug-18
Price @ Call: 396.4
Target: 480
BUY
Motilal Oswal
7-Aug-18
Price @ Call: 420.05
Target: 454
NEUTRAL
Sharekhan
7-Aug-18
Price @ Call: 420.05
Target: 500
BUY
Kotak Securities
7-Aug-18
Price @ Call: 408.28
Target: 500
BUY
ICICIdirect.com
7-Aug-18
Price @ Call: 408.28
Target: 500
BUY
Edelweiss
25-Jul-18
Price @ Call: 430
Target: 515
BUY
Kotak Securities
23-Jul-18
Price @ Call: 399.65
Target: 500
BUY
Edelweiss
11-May-18
Price @ Call: 429.15
Target: 515
BUY
ICICIdirect.com
11-May-18
Price @ Call: 428.6
Target: 510
BUY
Motilal Oswal
10-May-18
Price @ Call: 439
Target: 460
NEUTRAL
Cholamandalam Securities
10-May-18
Price @ Call: 439
Target: 480
BUY
Sharekhan
12-Mar-18
Price @ Call: 394.62
Target: 500
BUY
Edelweiss
2-Feb-18
Price @ Call: 405.95
Target: 525
BUY
ARVIND Share Price Target - Broker Reports - 2017
Sharekhan
28-Sep-17
Price @ Call: 364.15
Target: 465
BUY
SMC Research
14-Sep-17
Price @ Call: 411
Target: 464
BUY
SMC Research
26-Aug-17
Price @ Call: 364.77
Target: 464
BUY
Axis Direct
10-Aug-17
Price @ Call: 377.05
Target: 415
BUY
ICICIdirect.com
8-Aug-17
Price @ Call: 390
Target: 480
BUY
Edelweiss
7-Aug-17
Price @ Call: 389
Target: 493
BUY
Motilal Oswal
4-Aug-17
Price @ Call: 365
Target: 375
NEUTRAL
Sharekhan
6-Jul-17
Price @ Call: 368.45
Target: 485
BUY
Edelweiss
11-May-17
Price @ Call: 408
Target: 493
BUY
Axis Direct
1-Feb-17
Price @ Call: 372
Target: 426
BUY
ICICIdirect.com
27-Jan-17
Price @ Call: 370
Target: 480
BUY
Motilal Oswal
25-Jan-17
Price @ Call: 372
Target: 430
BUY
ARVIND Share Price Target - Broker Reports - 2016
IIFL
14-Dec-16
Price @ Call: 345
Target: 408
BUY
ICICIdirect.com
28-Oct-16
Price @ Call: 415
Target: 480
BUY
Axis Direct
26-Oct-16
Price @ Call: 404
Target: 435
HOLD
Edelweiss
25-Oct-16
Price @ Call: 387.3
Target: 480
ACCUMULATE
Axis Direct
5-Aug-16
Price @ Call: 304
Target: 368
BUY
SMC Research
7-Jun-16
Price @ Call: 313.38
Target: 349
BUY