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ELGIEQUIP Share Price Target
Elgi Equipments Ltd.
Sector: Engineering
Sector: Engineering
ELGIEQUIP Share Price *
253.2 +0.6 (0.24%)
* (quote may be delayed)
ELGIEQUIP Share Price Forecast - Consensus
| No. of reports in last year | 3 |
| No. of analysts | 1 |
| Average Consensus Forecast | 336.67 |
| Consensus Potential | 24.72% |
ELGIEQUIP Share Price Target - Broker Reports - 2019
ICICIdirect.com
29-May-19
Price @ Call: 280.9
Target: 350
BUY
Going forward, continued traction in international market, steady demand from domestic market and successful launch of new products will drive future growth. Elgi also continues to strengthen its balance sheet through moderating debt, efficient working capital management driven by an able management. Overall, we expect Elgi to deliver revenue, EBITDA, PAT growth of 18.0%, 24.7%, 29.0% CAGR, respectively, in FY19-21E. Accordingly, we ascribe a P/E multiple of 32x on FY21E EPS of Rs 10.8 to arrive at a fair value of Rs 350. We have a BUY rating on the stock.
ICICIdirect.com
4-Feb-19
Price @ Call: 238.29
Target: 310
BUY
ELGIEQUIP Share Price Target - Broker Reports - 2018
ICICIdirect.com
9-Nov-18
Price @ Call: 254.09
Target: 350
BUY
ICICIdirect.com
17-Aug-18
Price @ Call: 285.14
Target: 350
BUY
ELGIEQUIP Share Price Target - Broker Reports - 2017
Axis Direct
16-Mar-17
Price @ Call: 214
Target: 230
HOLD
ELGIEQUIP Share Price Target - Broker Reports - 2016
Axis Direct
17-Nov-16
Price @ Call: 174
Target: 220
BUY