0 ASIANTILES share price target reports by brokerages below. See what is analyst's view on ASIANTILES 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.
Stock is currently trading at valuations of 21.9x and 18.5x on FY20 and FY21 estimates respectively. We tweak our estimates and arrive at a revised price target of Rs 202 based on 15x FY21 estimated earnings (Rs 150 earlier based on 13x FY20 estimates). Though organized players have witnessed a re-rating in valuation multiples after ban on usage of coal gasifiers, we believe that AGL will continue to trade at a sharp discount to leaders in the sector due to lower margins, lower return ratios, higher working capital cycle as well as smaller reach as compared to leaders and current valuations are already factoring in the volume and margin improvement going forward. We thus continue to maintain SELL rating on the stock.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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