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CHENNPETRO Consensus Forecast
No. of reports in last year
1
No. of analysts
1
Average Consensus Forecast
98
Consensus Potential
-24.44%
CHENNPETRO Price Target Potential
| Brokerage | Target | Potential |
|---|---|---|
| Kotak Securities | 98 | -24.44% |
CHENNPETRO Ratings
Long term CHENNPETRO rating by FrontPage users
- ★★
- ★★
- ★★
- ★★
- ★★
4.5/5 (4 Ratings)
1 CHENNPETRO share price target reports by brokerages below. See what is analyst's view on CHENNPETRO 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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CHENNPETRO Share Price Target
CHENNPETRO Share Price Target - Broker Reports - 2020
Kotak Securities
23-Oct-20
Price @ Call: 79.03
Target: 98
BUY
Kotak Securities
22-May-20
Price @ Call: 50.16
Target: 59
BUY
Due to lower global petroleum product demand, the refining margins are expected to remain under pressure in FY21. Additionally, the on-going lockdown in India will also impact fuel consumption resulting in lower sales volume. We have accordingly built-in the same in our valuation model and revised our earnings. We expect CPCL to report an EPS of Rs. -56 in FY21E (earlier Rs.24) and Rs. 12 in FY22E (earlier Rs.32) supported by better distillate yields and improved margins in FY22E. We believe that the stock is attractively valued at 1.2x P/BV in FY22E. Considering the strategic importance of CPCL’s refinery in the southern India, and strong promoter back ground, we believe the financial performance will improve in the medium to long term. Current valuation offers a great investment opportunity to long term investors, we opine.We recommend BUY (earlier ADD) on the stock with a price target of Rs.59/share (earlier Rs161). We have valued CPCL based on PE multiple of 5x FY22E earnings, which is at a significant discount to its peers considering its lower size, NCI, and volatile refining margin profile.
Kotak Securities
21-Jan-20
Price @ Call: 152.7
Target: 161
ADD
We expect regional GRMs to stabilize in H1FY21 as concerns of trade-war are fading. We are introducing FY22E earnings and valuing the stock accordingly. We expect CPCL to report an EPS of Rs.24 in FY21E and Rs.32 in FY22E supported by better distillate yields and improved margins. We believe that the stock is reasonably valued at 6.1x EV/EBIDTA on FY22E. Post our previous BUY recommendation the stock has already moved up by ~35% and hence, due to limited upside, we now recommend ADD on the stock with a price target of Rs.161/share. We have valued CPCL based on PE multiple of 5x FY22, which is at a significant discount to its peers considering its lower size, NCI, and volatile refining margin profile. Also, CPCL is a standalone and has a very high earnings sensitivity to GRMs.
Kotak Securities
3-Jan-20
Price @ Call: 124.08
Target: 139
ADD
We expect regional GRM to remain stable in H1FY21 as concerns of trade- war are fading. We have revised our earnings projection and expect CPCL to report an EPS of Rs.4.4 in FY20E (earlier ~Rs.9.9) and Rs. 27.7 in FY21E (earlier ~Rs.34) supported by better distillate yields and higher crude throughput in FY21. We believe that the stock is reasonably valued at 6.1x EV/EBIDTA on FY21E. We recommend ADD rating on the stock with a revised price target of Rs.139/share (earlier Rs.171/share). We have valued CPCL based on PE multiple of 5x FY21, which is at a significant discount to its peers considering its lower size, NCI, and volatile refining margin profile.
CHENNPETRO Share Price Target - Broker Reports - 2019
Kotak Securities
22-Oct-19
Price @ Call: 167.11
Target: 171
ADD
We have incorporated H1FY20 results and revised our earnings estimate. Hence, we now expect CPCL to report an EPS of Rs.9.9 in FY20E and Rs.34.1/- in FY21E supported by better distillate yields, and higher crude throughput. We believe that the stock is reasonably valued at 4.6x EV/EBIDTA and 4.7x PE on FY21E. We maintain ADD on the stock with a revised price target of Rs.171/share (earlier Rs.189/share). We have valued CPCL based on PE multiple of 5x FY21, which is at a significant discount to its peers considering its size, NCI, and inferior refining margin profile.
Kotak Securities
26-Sep-19
Price @ Call: 163.95
Target: 189
BUY
Kotak Securities
31-Jul-19
Price @ Call: 195.5
Target: 208
ADD
In Q1FY20, the company reported dismal performance due to fall in GRMs. The same is expected to improve in Q2FY20 as the benchmark Singapore GRMs has recovered meaningfully. Benchmark Singapore refining margin has increased to US$ 6.4/bbl (average) in Q2FY20 till date due to better diesel cracks (US$15.3/bbl), Petrol cracks (US$7/bbl), Jet cracks (US$13.5/bbl) and Naphtha cracks (US$7.6/bbl). We have incorporated Q1FY20 results and revised our earnings estimate. Hence, we now expect CPCL to report an EPS of Rs.7.9 in FY20E and Rs.41.6/- (earlier Rs. 51.3) in FY21E supported by better distillate yields and higher crude throughput.We believe that the stock is reasonably valued at 4.4x EV/EBIDTA and 4.7x PE on FY21E. We maintain ADD on the stock with a revised price target of Rs.208/share (earlier Rs.257/share). We have valued CPCL based on PE multiple of 5x FY21, which is at a significant discount to its peers considering its size, NCI, and lower refining margin profile.
Kotak Securities
27-Jun-19
Price @ Call: 210.65
Target: 239
BUY
We have tweaked our earnings and now expect CPCL to report an EPS of Rs.7.5 in FY20E (earlier ~Rs.8) and Rs. 47.9 in FY21E (earlier ~Rs.51.3) supported by better distillate yields and higher crude throughput. We believe that the stock is reasonably valued at 4.3x EV/EBIDTA on FY21E. We continue to recommend ADD on the stock with a revised price target of Rs.239/share (earlier Rs.257/share). We have valued CPCL based on PE multiple of 5x FY21, which is at a significant discount to its peers considering its size, NCI, and lower refining margin profile. Also, CPCL is a standalone and simple refiner and has a very high earning sensitivity to GRM. Hence, earnings disappointment is high on account of weak GRMs.
Kotak Securities
9-May-19
Price @ Call: 242.4
Target: 257
ADD
We expect regional GRM to remain stable (at US$5.5/bbl) as global refining capacity addition is likely to be in line with oil demand growth. We are introducing FY21E earnings and roll-forward our valuation to FY21E earnings. Further, CPCL’s GRM should see some gains accruing from the residue up- gradation project and the diesel hydro desulphurization unit. Hence, we now expect CPCL to report an EPS of Rs.8 in FY20E and Rs. 51.3 in FY21E supported by better distillate yields and higher crude throughput. We believe that the stock is reasonably valued at 4.2x EV/EBIDTA on FY21E. We now recommend ADD (earlier BUY) on the stock with a revised price target of Rs.257/share (earlier Rs.301/share). We have valued CPCL based on PE multiple of 5x FY21, which is at a significant discount to its peers considering its size, NCI, and lower refinery margin profile.
Kotak Securities
30-Jan-19
Price @ Call: 246
Target: 301
BUY
We have revised our earnings to reflect 9MFY19 results and lower GRMs. Hence, we now expect CPCL to report an EPS of Rs.60 in FY20E (earlier Rs. 63) supported by better distillate yields, weaker INR/USD and higher crude throughput. At CMP, we believe that the stock is attractively valued at a PE of 4x FY20E earnings. We maintain BUY recommendation on the stock with a revised price target of Rs.301/share (earlier Rs.314/share). We have valued CPCL based on PE multiple of 5x FY20, which is at a significant discount to its peers.
Kotak Securities
4-Jan-19
Price @ Call: 281.6
Target: 314
BUY
CHENNPETRO Share Price Target - Broker Reports - 2018
Kotak Securities
31-Oct-18
Price @ Call: 253.46
Target: 337
BUY
Kotak Securities
31-Jul-18
Price @ Call: 315.55
Target: 373
BUY
Kotak Securities
14-May-18
Price @ Call: 295.9
Target: 373
BUY
Kotak Securities
14-Apr-18
Price @ Call: 336.15
Target: 390
BUY
Kotak Securities
23-Jan-18
Price @ Call: 427.1
Target: 495
ACCUMULATE
CHENNPETRO Share Price Target - Broker Reports - 2017
Kotak Securities
9-Nov-17
Price @ Call: 462.95
Target: 485
ACCUMULATE
HDFC Securities
30-Oct-17
Price @ Call: 448.3
Target: 579
BUY
Centrum
23-Jan-17
Price @ Call: 331.5
Target: 404
BUY
CHENNPETRO Share Price Target - Broker Reports - 2016
KRChoksey
8-Sep-16
Price @ Call: 289
Target: 370.6
BUY
Centrum
8-Sep-16
Price @ Call: 288.6
Target: 240
SELL
Enochventures.com
12-Jul-16
Price @ Call: 203.7
Target: 250
HOLD
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CHENNPETRO Peer Stocks - Share Price Targets
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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