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BAJAJELEC Share Price Target
Bajaj Electricals Ltd.
Sector: Consumer Durables
Sector: Consumer Durables
BAJAJELEC Share Price *
400.15 +24.05 (6.39%)
* (quote may be delayed)
BAJAJELEC Share Price Forecast - Consensus
| No. of reports in last year | 8 |
| No. of analysts | 4 |
| Average Consensus Forecast | 528.00 |
| Consensus Potential | 26.18% |
BAJAJELEC Share Price Target - Broker Reports - 2019
ICICIdirect.com
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.
Karvy Stock Broking
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%.
Kotak Securities
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.
Nirmal Bang
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.
Kotak Securities
20-Mar-19
Price @ Call: 519.2
Target: 550
ADD
Karvy Stock Broking
19-Feb-19
Price @ Call: 430.85
Target: 540
BUY
Nirmal Bang
11-Feb-19
Price @ Call: 487.4
Target: 545
ACCUMULATE
BAJAJELEC Share Price Target - Broker Reports - 2018
Kotak Securities
3-Oct-18
Price @ Call: 500.87
Target: 545
ACCUMULATE
Kotak Securities
10-Aug-18
Price @ Call: 624.5
Target: 545
SELL
ICICIdirect.com
10-Aug-18
Price @ Call: 614
Target: 650
HOLD
Edelweiss
25-Jun-18
Price @ Call: 540.72
Target: 555
HOLD
ICICIdirect.com
12-Apr-18
Price @ Call: 622.3
Target: 720
BUY
BAJAJELEC Share Price Target - Broker Reports - 2017
ICICIdirect.com
26-Dec-17
Price @ Call: 475.55
Target: 575
BUY
Kotak Securities
10-Nov-17
Price @ Call: 384.15
Target: 335
SELL
Kotak Securities
27-Sep-17
Price @ Call: 356
Target: 385
ACCUMULATE
Nirmal Bang
30-Aug-17
Price @ Call: 337.05
Target: 400
BUY
Nirmal Bang
4-Aug-17
Price @ Call: 328.1
Target: 400
BUY
ICICIdirect.com
30-May-17
Price @ Call: 343
Target: 380
BUY
ICICIdirect.com
10-Feb-17
Price @ Call: 270
Target: 280
HOLD
BAJAJELEC Share Price Target - Broker Reports - 2016
Angel Broking
30-Sep-16
Price @ Call: 254.9
Target: 306
BUY
Edelweiss
22-Aug-16
Price @ Call: 262
Target: 275
HOLD
Angel Broking
8-Jun-16
Price @ Call: 228.33
Target: 268
BUY