1 DFMFOODS share price target reports by brokerages below. See what is analyst's view on DFMFOODS 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.
DFM Foods has a total installed capacity in terms of extrusion at about 39100 metric tons per annum. In terms of revenues given the product mix, it can do about ~Rs 600cr given the current installed base. Further, an additional capacity (from Q3FY20) will add roughly about Rs 100cr in terms of revenue potential per annum. Recent change in management/ownership in favour of Advent international, appointment of new Management Director, recent capacity addition of 5000 tons and new launches will drive company’s top-line and bottom-line. We feel investors could buy the stock in the Rs.276-290 band and add on declines to Rs.245-250 band (24.5x FY21E EPS) for sequential targets of Rs. 338(33.5x FY21E EPS) and Rs.404 (40x FY21E EPS) in 4 quarters.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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