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BAJAJELEC Consensus Forecast

No. of reports in last year
4
No. of analysts
2
Average Consensus Forecast
400.5
Consensus Potential
-8.76%

BAJAJELEC Price Target Potential

BrokerageTargetPotential
Kotak Securities4474.61%
Karvy Stock Broking355-20.11%

BAJAJELEC Targets in FrontPage Forums

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100% Bullish
0% Bearish
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BAJAJELEC Ratings

Long term BAJAJELEC rating by FrontPage users
2.3/5 (3 Ratings)

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

BAJAJELEC Share Price Target - Broker Reports - 2020

22-Jun-20
Price @ Call: 424.84
Target: 447
ADD
BEL is now trading at 66.3x and 18.9x on FY21E/FY22E earnings basis, respectively. We had been a tad cautious on the company in view of weak balance sheet and misallocation of capital into the EPC business. The company had elevated levels of debt relative to peers and also its EPC business had been bleeding and generating sub-optimal return on capital employed. However, the company has done well in FY20 in terms of generating cash flow and raised equity to bring debt to comfortable level. Hence, we now accord higher EV/EBITDA multiple of 16x (earlier 10x) to the company’s consumer business. As a result, our target price based on SOTP stands revised to Rs 447 (Rs 285 earlier). In view of the modest upside, we maintain “ADD” rating on the stock.
... Read more
6-Feb-20
Price @ Call: 412.3
Target: 468
ADD
We have revised earnings for BEL and now expect EPS of Rs 0.9 (Rs 2.2 earlier) and Rs 11.6 (Rs 12.7 earlier) for FY20E and FY21E respectively. We have also forecasted FY22E numbers. BEL is now trading at 31.7x/19.1x in FY21E/FY22E on earnings basis & at 15.5x/11.3x in FY21E/FY22E on EV/EBITDA basis. In view of the improved earnings outlook in the near term, we change our stance to positive on the stock. We expect earnings to rise sharply in FY21E to factor saving in interest costs due to reduction in debt. We arrive at a SOTP based revised target price of Rs 468 (Rs 332 earlier). In view of the moderate upside, we recommend “ADD”.
... Read more

BAJAJELEC Share Price Target - Broker Reports - 2019

12-Nov-19
Price @ Call: 322.62
Target: 355
HOLD
We remain skeptical about the debt reduction plans and margin recovery based on which we retain our “HOLD” rating valuing the company at 21x on FY21 EPS for a target price of Rs. 355 representing an upside potential 11%.
... Read more
8-Nov-19
Price @ Call: 330.19
Target: 332
REDUCE
We have revised earnings for BEL and now expect EPS of Rs 2.2 (Rs 12.5 earlier) and Rs 12.7 (Rs 14.6 earlier) for FY20E and FY21E respectively. BEL is trading at 25.9x on FY21E basis. In view of the weak earnings outlook in the near term and premium valuations, we maintain our negative outlook on the stock. We have sharply reduced our FY20 earnings estimate to factor in margin pressure in T&D business and impact of interest costs. We arrive at a SOTP based revised target price of Rs 332 (Rs 388 earlier); In our previous update, we had recommended “Reduce” rating on the stock. Though the stock price has corrected sharply but it is yet to show meaningful improvement in performance to review our stance. Hence, maintain “REDUCE”.
... Read more
9-Aug-19
Price @ Call: 375.94
Target: 320
REDUCE
Though we are positive on BEL’s CD business (with revenue CAGR of ~19% in FY19-21E) led by expansion in dealer network, lumpiness of EPC business would dent overall profitability of BEL with high debt level. We believe the poor performance of the EPC business and higher interest cost would overshadow the profitability of CD business. On an SOTP basis, we cut our multiples owing to flattish growth for the company and value BEL’s CDsegment at MCap of 1.1x FY21E sales (~55% discount to peers) and E&P segment at 4x FY21E EV/EBITDA. We revise our rating downward from HOLD to REDUCE with a target price of | 320/share.
... Read more
29-May-19
Price @ Call: 547
Target: 589
HOLD
We expect the durable segment to post a growth of 20-25% on the back of strong volume pick up from Tier II and Tier III cities. We maintain our revenue estimates but tone down the margins as impacted by EPC segment UP orders which wouldpartially be offset by marginal increase in consumer segment margins. We revisedown the rating to “HOLD” and value the company at 24x for FY21E and arrive at a target price of Rs. 589 giving an upside of 8%.
... Read more
27-May-19
Price @ Call: 548.5
Target: 530
SELL
We tweak our FY20 earnings estimate downwards to factor in margin pressure in T&D business. We arrive at a SOTP based revised target price of Rs 530 (Rs 550 earlier); move recommendation to ‘SELL’ from ‘ACCUMULATE’ earlier on company’s stock.
... Read more
24-May-19
Price @ Call: 556.69
Target: 605
ACCUMULATE
We expect BJE to post 21% adjusted earnings CAGR over FY19-FY21E led by margin expansion and a favorable revenue mix. The SOTP-based target price of Rs605 is based on a P/E of 30x FY21E EPS to consumer product segment (15% discount to peers) and 10x to E&P segment.
... Read more
20-Mar-19
Price @ Call: 519.2
Target: 550
ADD
We still maintain BAEL valuation discount vis-à-vis the peer group due to 1/ lower margin/return ratios and 2/ company’s presence in capital intensive E&P business. We maintain SOTP based target price of Rs 550. Due to limited upside to our target price we move rating to ‘ADD’ (from BUY earlier) on company’s stock.
... Read more
19-Feb-19
Price @ Call: 430.85
Target: 540
BUY
We expect the durable segment to post a growth of 20-25% on the back of strong volume pick up from Tier II and Tier III cities. Also the EPC segment to contribute 50% of total revenues and significantly degrow in the coming years due to absence of UP projects. We value the company at 22x for FY20 and arrive at a target price of Rs. 540 giving an upside of 26%.
... Read more
11-Feb-19
Price @ Call: 487.4
Target: 545
ACCUMULATE

BAJAJELEC Share Price Target - Broker Reports - 2018

3-Oct-18
Price @ Call: 500.87
Target: 545
ACCUMULATE
10-Aug-18
Price @ Call: 614
Target: 650
HOLD
10-Aug-18
Price @ Call: 624.5
Target: 545
SELL
25-Jun-18
Price @ Call: 540.72
Target: 555
HOLD
12-Apr-18
Price @ Call: 622.3
Target: 720
BUY

BAJAJELEC Share Price Target - Broker Reports - 2017

26-Dec-17
Price @ Call: 475.55
Target: 575
BUY
10-Nov-17
Price @ Call: 384.15
Target: 335
SELL
27-Sep-17
Price @ Call: 356
Target: 385
ACCUMULATE
30-Aug-17
Price @ Call: 337.05
Target: 400
BUY
4-Aug-17
Price @ Call: 328.1
Target: 400
BUY
30-May-17
Price @ Call: 343
Target: 380
BUY
10-Feb-17
Price @ Call: 270
Target: 280
HOLD

BAJAJELEC Share Price Target - Broker Reports - 2016

30-Sep-16
Price @ Call: 254.9
Target: 306
BUY
22-Aug-16
Price @ Call: 262
Target: 275
HOLD
8-Jun-16
Price @ Call: 228.33
Target: 268
BUY
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  • BAJAJELEC Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3443.02
    Upside Target 2438.73
    Upside Target 1432.57
    Pivot428.28
    Downside Target 1422.12
    Downside Target 2417.83
    Downside Target 3411.67
  • BAJAJELEC Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3490.73
    Upside Target 2474.62
    Upside Target 1452.38
    Pivot436.27
    Downside Target 1414.03
    Downside Target 2397.92
    Downside Target 3375.68
  • BAJAJELEC Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3528.1
    Upside Target 2488.95
    Upside Target 1456.8
    Pivot417.65
    Downside Target 1385.5
    Downside Target 2346.35
    Downside Target 3314.2
  • BAJAJELEC Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3438.73
    Upside Target 2434.74
    Upside Target 1432.28
    Pivot428.28
    Downside Target 1424.29
    Downside Target 2421.83
    Downside Target 3417.83
  • BAJAJELEC Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3474.62
    Upside Target 2459.97
    Upside Target 1450.92
    Pivot436.27
    Downside Target 1421.62
    Downside Target 2412.57
    Downside Target 3397.92
  • BAJAJELEC Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3488.95
    Upside Target 2461.71
    Upside Target 1444.89
    Pivot417.65
    Downside Target 1390.41
    Downside Target 2373.59
    Downside Target 3346.35
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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