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ASHOKA Consensus Forecast

No. of reports in last year
9
No. of analysts
6
Average Consensus Forecast
129.22
Consensus Potential
13.49%

ASHOKA Price Target Potential

BrokerageTargetPotential
ICICIdirect.com1103.68%
Prabhudas Lilladher16033.78%
HDFC Securities17539.46%
Nirmal Bang1092.80%
Sharekhan85-24.65%

ASHOKA Targets in FrontPage Forums

4 Users have submitted 4 trade ideas of Rs. 94,032.9 for ASHOKA
100% Bullish
0% Bearish
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ASHOKA Ratings

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

9 ASHOKA share price target reports by brokerages below. See what is analyst's view on ASHOKA 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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ASHOKA Share Price Target

ASHOKA Share Price Target - Broker Reports - 2021

22-Jun-21
Price @ Call: 97.55
Target: 110
BUY
22-Jun-21
Price @ Call: 97.55
Target: 160
BUY
9-Feb-21
Price @ Call: 111.04
Target: 175
BUY
8-Feb-21
Price @ Call: 104.64
Target: 109
ACCUMULATE
8-Feb-21
Price @ Call: 104.64
Target: 160
BUY

ASHOKA Share Price Target - Broker Reports - 2020

12-Nov-20
Price @ Call: 69.07
Target: 85
BUY
12-Nov-20
Price @ Call: 69.07
Target: 110
BUY
13-Nov-20
Price @ Call: 69.2
Target: 107
BUY
12-Nov-20
Price @ Call: 65
Target: 147
BUY
16-Jun-20
Price @ Call: 56.38
Target: 147
BUY
ASBL reported strong performance in 4Q with healthy execution in its key projects leading to meagre ~4% YoY (PLe: -35% YoY) fall in revenues, despite nationwide lockdown. Post relaxations in lockdown almost all projects have commenced operations and are currently operating at ~60% efficiency levels. Further, the company has not witnessed any delays in payments from Central authorities (including NHAI & Railways) in 4QFY20 as well as during April & May 2020. Labour availability (ranging from 50-65% across projects) would be the next key monitorable for pickup in execution pace. We remain positive on the company given a) its excellent blend of diversified EPC orders and Asset ownership (23 Road assets and 3 City Gas Distribution assets), b) stable EPC margins and c) healthy order book (Rs83.8bn as on 4QFY20) and its foray into new verticals- Railways (11% of order book) and smart cities. At CMP, the stock trades at an EV of 5.8x/4.9x FY21E/FY22E EBITDA. We maintain BUY rating on the stock with a SoTP based TP of Rs147.
... Read more
12-Feb-20
Price @ Call: 104.4
Target: 167
BUY
We remain positive on the company given a) its excellent blend of diversified EPC orders and Asset ownership (23 Road assets and 3 City Gas Distribution assets), b) stable EPC margins, c) healthy order book (Rs80.9bn as on 3QFY20). Equity requirement in HAM Projects would be ~Rs4.5bn over next two-three years which the management believes would be funded through internal accruals. ASBL is one of the few companies in infra space successfully diversifying into new verticals such as Railways (13% of order book) and smart cities (maiden order Rs3.2bn) over a period of time. In ourview, ACL’s asset monetisation would a key monitorable and if concluded within a year would remove the overhang on the stock. At CMP, the stock trades at an EV of 5.8x/5.7x FY20E/FY21E EBITDA. We maintain BUY rating on the stock with a SoTP based TP of Rs167.
... Read more

ASHOKA Share Price Target - Broker Reports - 2019

18-Nov-19
Price @ Call: 94.93
Target: 185
BUY
Though softened from Q1, Ashoka’s Q2 growth was still good, coming in the backdrop of the heavy monsoons. With the rains now past, and as work gets going at the two recently appointed hybrid annuity and the recent additions, growth ahead is expected to be healthy. The balance sheet, too, is in shape to ensure growth doesn’t falter for want of funds. Inflows could have been better; the expected year-end spurt in awarding should help. In the BOT toll segment, the monsoon added to constrained economic activity, and to a project-specific issue. On the sturdy balance sheet and benign valuations, we retain our Buy rating.
... Read more
23-Sep-19
Price @ Call: 118.58
Target: 220
BUY
We maintain BUY on ABL with reduced SOTP of Rs 220/sh. We have cut our standalone EPC multiple from 15x to 12x to factor in concerns surrounding ACL monetization and likely impact on ABL stake dilution in ACL below 61%, in case of suboptimal valuation bids.
... Read more
16-Aug-19
Price @ Call: 118.56
Target: 180
BUY
Our sum-of-parts-based target price of Rs 180 is derived using a 14x PE multiple for FY21e construction earnings (Rs 125 a share), a discounted- cash-flow-driven valuation for the road-asset portfolio (Rs 53) and book value for investments in the CGD.
... Read more
28-May-19
Price @ Call: 145.15
Target: 175
BUY
ABL’s strong track record, comfortable orderbook position, financial closure for HAM projects and huge opportunities ahead make us positive onAshoka’s long term prospects. With ABL expected to receive appointed date for remaining three projects soon, we see a significant ramp up in execution, going ahead. Hence, we expect EPC revenues to grow robustly at 17.5% CAGR to Rs 5,277.8 crore. We continue to maintain our BUY recommendation on the stock with an SoTP-based target price of Rs 175. While SBI Macquarie may remain an overhang in the near term, ABL is currently trading at attractive valuation of 11.9x FY20E EPC business earnings.
... Read more
27-May-19
Price @ Call: 141.46
Target: 225
NEUTRAL
27-May-19
Price @ Call: 128.6
Target: 175
BUY
We cut our earnings estimate by 7%/9% for FY20/21 to factor in (a) delay in execution pick-up of three HAM projects where appointed date is yet to be received, and (b) the higher interest cost given the rise in debt (taken for the WC and equipment loan purpose). We maintain our Buy rating with SOTP-based TP of INR175.
... Read more
5-Feb-19
Price @ Call: 118.6
Target: 216
BUY
2-Feb-19
Price @ Call: 122.23
Target: 262
BUY
1-Feb-19
Price @ Call: 122.23
Target: 150
BUY

ASHOKA Share Price Target - Broker Reports - 2018

18-Dec-18
Price @ Call: 133.32
Target: 201
BUY
6-Nov-18
Price @ Call: 120.79
Target: 175
BUY
6-Nov-18
Price @ Call: 120.79
Target: 223
BUY
22-Sep-18
Price @ Call: 112.39
Target: 160
BUY
20-Aug-18
Price @ Call: 143.65
Target: 199
BUY
20-Aug-18
Price @ Call: 143.65
Target: 180
BUY
16-Aug-18
Price @ Call: 134.96
Target: 225
BUY
14-Aug-18
Price @ Call: 136.41
Target: 195
BUY
14-Aug-18
Price @ Call: 136.41
Target: 191
BUY
12-Jul-18
Price @ Call: 165
Target: 195
BUY
31-May-18
Price @ Call: 166.93
Target: 218.67
BUY
31-May-18
Price @ Call: 166.93
Target: 193.33
BUY
31-May-18
Price @ Call: 169.4
Target: 214
BUY
8-Feb-18
Price @ Call: 149.83
Target: 285
BUY
31-Jan-18
Price @ Call: 151.14
Target: 193.33
BUY
1-Feb-18
Price @ Call: 152.2
Target: 200
BUY
11-Jan-18
Price @ Call: 163.4
Target: 191.33
BUY

ASHOKA Share Price Target - Broker Reports - 2017

14-Nov-17
Price @ Call: 138.27
Target: 175.33
BUY
14-Nov-17
Price @ Call: 138.27
Target: 173.33
BUY
14-Nov-17
Price @ Call: 138.27
Target: 164.67
ACCUMULATE
23-Aug-17
Price @ Call: 124.13
Target: 156.67
BUY
14-Aug-17
Price @ Call: 117.4
Target: 140
BUY
12-Jun-17
Price @ Call: 123.33
Target: 158
BUY
12-Jun-17
Price @ Call: 124
Target: 160
BUY
9-Jun-17
Price @ Call: 124
Target: 140
BUY
7-Jun-17
Price @ Call: 124
Target: 175.33
BUY
10-Apr-17
Price @ Call: 207
Target: 250
BUY
31-Jan-17
Price @ Call: 181.21
Target: 214
BUY
25-Jan-17
Price @ Call: 173
Target: 190
BUY
24-Jan-17
Price @ Call: 173
Target: 220
BUY
24-Jan-17
Price @ Call: 166
Target: 208
BUY
24-Jan-17
Price @ Call: 173
Target: 263
BUY

ASHOKA Share Price Target - Broker Reports - 2016

24-May-16
Price @ Call: 135
Target: 155
HOLD
6-Dec-16
Price @ Call: 144
Target: 210
BUY
6-Dec-16
Price @ Call: 145
Target: 205
BUY
7-Dec-16
Price @ Call: 150
Target: 160
HOLD
5-Dec-16
Price @ Call: 145
Target: 175
ACCUMULATE
30-Aug-16
Price @ Call: 156
Target: 174
BUY
31-Aug-16
Price @ Call: 158.67
Target: 206
BUY
28-Jun-16
Price @ Call: 145
Target: 273
BUY
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  • ASHOKA Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3108.97
    Upside Target 2107.93
    Upside Target 1106.17
    Pivot105.13
    Downside Target 1103.37
    Downside Target 2102.33
    Downside Target 3100.57
  • ASHOKA Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3118.17
    Upside Target 2114.03
    Upside Target 1109.22
    Pivot105.08
    Downside Target 1100.27
    Downside Target 296.13
    Downside Target 391.32
  • ASHOKA Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3143.93
    Upside Target 2128.22
    Upside Target 1119.43
    Pivot103.72
    Downside Target 194.93
    Downside Target 279.22
    Downside Target 370.43
  • ASHOKA Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3107.93
    Upside Target 2106.86
    Upside Target 1106.2
    Pivot105.13
    Downside Target 1104.06
    Downside Target 2103.4
    Downside Target 3102.33
  • ASHOKA Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3114.03
    Upside Target 2110.61
    Upside Target 1108.5
    Pivot105.08
    Downside Target 1101.66
    Downside Target 299.55
    Downside Target 396.13
  • ASHOKA Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3128.22
    Upside Target 2118.86
    Upside Target 1113.08
    Pivot103.72
    Downside Target 194.36
    Downside Target 288.58
    Downside Target 379.22
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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