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ENGINERSIN Consensus Forecast

No. of reports in last year
3
No. of analysts
2
Average Consensus Forecast
122.33
Consensus Potential
39.08%

ENGINERSIN Price Target Potential

BrokerageTargetPotential
Prabhudas Lilladher12942.95%
Sushil Finance13445.07%

ENGINERSIN Ratings

Long term ENGINERSIN rating by FrontPage users
5/5 (6 Ratings)

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

ENGINERSIN Share Price Target - Broker Reports - 2021

13-Aug-21
Price @ Call: 70.85
Target: 129
BUY

ENGINERSIN Share Price Target - Broker Reports - 2020

26-Nov-20
Price @ Call: 73.08
Target: 134
BUY
23-Nov-20
Price @ Call: 72.61
Target: 104
BUY
30-Jun-20
Price @ Call: 78.31
Target: 86
ADD
EIL is trading at PE of 10.9x and 10.3x on FY21E and FY22E core earnings respectively, which is reasonable in our view, given the modest growth outlook. We value FY22E core earnings of Rs 4.6 per share (excluding other income adjusted for tax) at PER 10x earnings (same as earlier) but reduce the valuation discount (from 40% to 20%) accorded to cash per share of Rs 50.1. Thus, arriving at a target price of Rs 86 (Rs 82 earlier). In view of the moderate upside, we revise rating from “BUY” earlier to ADD.
... Read more
17-Apr-20
Price @ Call: 69.75
Target: 80
BUY
Though the real magnitude of outbreak and economy lockdown is difficult to assess, there may be some near term impact. However, the management has guided that as of now not much impact is seen on execution and overall margins for FY21E but there may be some impact on order inflows as few projects may get deferred. Overall, strong balance sheet, zero debt, strong order book, growth visibility and higher cash per share (~| 41/share) would augur well for EIL in this challenging time. However, strict WC management would be a key for revival in long term. We expect revenue, EBITDA CAGR of 7.9%, 8.7%, respectively, in FY20-22E. We revise our target price to | 80 per share (10.5x on FY22E EPS) and revise our rating from REDUCE to BUY.
... Read more

ENGINERSIN Share Price Target - Broker Reports - 2019

28-Nov-19
Price @ Call: 104.72
Target: 130
BUY
We believe that EIL stock is trading at reasonable valuation of 14.9x and 11.4x FY20E and FY21E core earnings.We value FY21 core earnings of Rs 5.5 per share (excluding other income adjusted for tax) at PER 15x and add back cash per share of Rs 46 per share in FY21. Thus arriving at a target price of Rs 130 (Rs 140 earlier).
... Read more
8-Nov-19
Price @ Call: 109.54
Target: 140
BUY
EIL is trading at PE of 14.0x and 9.9x on FY20E and FY21E core earnings respectively, which is attractive in our view. We value FY21 core earnings of Rs 6.0 per share (excluding other income adjusted for tax) at PER 15x and add back cash per share of Rs 50.3 per share in FY21. Thus arriving at a target price of Rs 140 (Rs 153 earlier).
... Read more
8-Nov-19
Price @ Call: 111
Target: 156
BUY
Management indicated strong hydrocarbon tender activities in FY21 in domestic and international geographies like Middle-East, Bangladesh and Nigeria (Dangote). We are positive on the company as 1) We believe the company is key beneficiary of refinery capex in the country, 2) net cash balance sheet 3)healthy return ratios with RoE/RoCE of ~19% in FY21E. We expect EIL’s consolidated Revenue/PAT to grow at CAGR of 14%/22% over the next 2 years (FY19-21E). The company also offers attractive dividend yield of ~5%. The stock is currently trading at 15/13x FY20/FY21E. We maintain BUY rating on the stock with target price of Rs156.
... Read more
3-Oct-19
Price @ Call: 112.29
Target: 153
BUY
16-Aug-19
Price @ Call: 105.31
Target: 137
BUY
We believe that EIL stock is trading at cheap valuations at PER 13x and 9x FY20E and FY21E core earnings respectively. We value FY21 core earnings of Rs 5.8 per share (excluding other income adjusted for tax) at PER 15x (22x earlier) and add back cash per share of Rs 50 per share in FY21. Thus, arriving at a target price of Rs 137 (Rs 147 earlier).
... Read more
14-Aug-19
Price @ Call: 102.09
Target: 139
BUY
Ahead of estimates, visibility intact
Engineers India Ltd (EIL) reported good set of numbers for 1QFY20, led by higher contribution coming from Consultancy Segment. Revenue/PAT up 28%/43% YoY, mainly led by strong revenue performance in Consultancy segment which grew by 38% YoY at Rs4.4 bn (included Rs966mn on account of change in order) and margin expansion in Consultancy segment. Order inflow during the quarter stood at Rs9.4 bn against Rs832 mn in 1QFY19, taking order backlog to Rs114 bn (42% Consultancy). Management indicated strong hydrocarbon tender activities in international geographies like Middle-East, Bangladesh and Nigeria (Dangote). Order inflow for FY20 is expected to be Rs18 bn and indicated robust pipeline for FY21E. EIL management has maintained the guidance of 15% revenue growth in FY20 and maintained current margins. We are positive on the company as 1) We believe the company is key beneficiary of refinery capex in the country, 2) net cash balance sheet 3) healthy return ratios with RoE/RoCE of ~19% in FY21E.We expect EIL’s consolidated Revenue/PAT to grow at CAGR of 14%/15% over the next 2 years (FY19-21E). The company also offers attractive dividend yield of 4%. The stock is currently trading at 15.4/13x FY20/FY21E. We maintain BUY rating on the stock with target price of Rs139 (18x FY21E).
... Read more
6-Aug-19
Price @ Call: 93.15
Target: 125
BUY
The Company has established market leadership position in the country when it comes to engineering and construction solutions for petrochemical companies. The company’s topline has grown by 36.7% in FY19 where as the bottom line is more or less flat implying that the increase in turnkey orders, which have low and fixed margins, has created margin pressure on the company and we expect that the growth of the company will taper down to ~10% CAGR over the next 2 years owing to the slowdown in consultancy business. We expect the company to deliver an earnings per share of INR 6.36 in FY20 & INR 6.95 in FY21 as against INR 5.85 in FY19. Assigning a target multiple of 18x, we derive a price target of INR 125.08 over the next 15-24 months, which is an upside of ~21% from current levels. At current level of INR 102.25, the stock trades at ~16X of FY20(E) & ~15X of FY21(E) earnings, which we believe makes it a BUY.
... Read more
23-May-19
Price @ Call: 113.1
Target: 147
BUY
We believe that EIL stock is trading at cheap valuation at PER 14.9x FY20 core earnings. We value FY20 core earnings (excluding other income adjusted for tax) at PER 22x and maintain BUY with revised target price of Rs 147 (Rs 153 earlier).
... Read more
22-May-19
Price @ Call: 112.65
Target: 163
BUY
Looking ahead, we believe ENGR will remain highly cash-rich and maintain its dividend payout track record of ~50% in FY19-21E as well. Sizeable growth potential in sector, huge imminent capex in hydrocarbon sector, asset-light business model, foray into newer segments/sectors, debt-free balance-sheet, healthy revenue and earnings growth and robust return ratios continue to augur well for ENGR. At CMP, the stock trades at 16.6x FY20E and 14.1x FY21E earnings, respectively. Rolling over earnings estimate to FY21E, we maintain our BUY recommendation on the stock with a revised Target Price of Rs163 (from Rs158 earlier).
... Read more
20-May-19
Price @ Call: 114.47
Target: 125
BUY
We cut our earnings estimate by 13%/14% for FY19/20 to factor in (a) lower-than-expected execution of projects and (b) margins miss in Turnkey. We maintain our Buy rating with a target price of INR125 – INR81 to the core business (16x FY21E core EPS), to which we add INR44 for cash on book, given that ENGR is a market leader in the hydrocarbon segment, where it provides consultancy and turnkey solutions.
... Read more
18-May-19
Price @ Call: 107.87
Target: 139
BUY
We are positive on the company as 1) We believe the company is key beneficiary of refinery capex in the country, 2) net cash balance sheet 3) healthy return ratios with RoE/RoCE of ~19% in FY21E.We expect EIL’s consolidated Revenue/PAT to grow at CAGR of 14%/15%over the next 2 years (FY19-21E). The company also offers attractive dividend yield of 4%. The stock is currently trading at 16/14x FY20/FY21E. We maintain BUY rating on the stock with target price of Rs139 (18x FY21E).
... Read more
14-Mar-19
Price @ Call: 113.3
Target: 153
BUY
We believe that EIL stock is trading at a cheap valuation at PER 14x FY20 core earnings. We value FY20 core earnings (excluding other income adjusted for tax) at PER 22x and maintain BUY with a revised target price of Rs 153 (Rs 155 earlier).
... Read more
12-Feb-19
Price @ Call: 113.76
Target: 158
BUY
12-Feb-19
Price @ Call: 109.2
Target: 155
BUY
We believe that EIL stock is trading at cheap valuation at PER 13.6x FY20 core earnings. We value core FY20 earnings at PER 20x and maintain BUY with unchanged target price of Rs 155.
... Read more
11-Feb-19
Price @ Call: 110.5
Target: 145
BUY

ENGINERSIN Share Price Target - Broker Reports - 2018

16-Oct-18
Price @ Call: 117.9
Target: 155
BUY
3-Sep-18
Price @ Call: 128.1
Target: 154.5
BUY
13-Aug-18
Price @ Call: 126.05
Target: 187
BUY
10-Aug-18
Price @ Call: 126.87
Target: 135
BUY
10-Aug-18
Price @ Call: 126.87
Target: 155
BUY
31-May-18
Price @ Call: 132.08
Target: 140
HOLD
30-May-18
Price @ Call: 136.3
Target: 180
BUY
29-May-18
Price @ Call: 139.62
Target: 180
BUY
27-Mar-18
Price @ Call: 157.1
Target: 204
BUY
1-Feb-18
Price @ Call: 175.16
Target: 195
BUY
31-Jan-18
Price @ Call: 173.4
Target: 205
BUY

ENGINERSIN Share Price Target - Broker Reports - 2017

27-Dec-17
Price @ Call: 202.55
Target: 221
ACCUMULATE
12-Dec-17
Price @ Call: 187.2
Target: 227
BUY
3-Nov-17
Price @ Call: 190.43
Target: 201
BUY
31-Oct-17
Price @ Call: 187.35
Target: 212
BUY
10-Oct-17
Price @ Call: 148.25
Target: 182
BUY
14-Sep-17
Price @ Call: 158.45
Target: 187
BUY
14-Aug-17
Price @ Call: 150.83
Target: 182
BUY
11-Aug-17
Price @ Call: 149.35
Target: 182
BUY
25-May-17
Price @ Call: 154
Target: 182
BUY
23-May-17
Price @ Call: 162
Target: 200
BUY
16-Mar-17
Price @ Call: 151
Target: 182
BUY
16-Feb-17
Price @ Call: 145.9
Target: 178
BUY
13-Feb-17
Price @ Call: 157
Target: 172
BUY
17-Jan-17
Price @ Call: 155
Target: 178
BUY

ENGINERSIN Share Price Target - Broker Reports - 2016

17-Nov-16
Price @ Call: 133
Target: 148.5
ACCUMULATE
21-Nov-16
Price @ Call: 133
Target: 149
BUY
27-Oct-16
Price @ Call: 133.03
Target: 167.5
BUY
29-Aug-16
Price @ Call: 132
Target: 149
BUY
26-Aug-16
Price @ Call: 132
Target: 162.5
BUY
26-Aug-16
Price @ Call: 133.38
Target: 142.5
BUY
2-Jun-16
Price @ Call: 89.5
Target: 117.5
BUY
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  • ENGINERSIN Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 376.28
    Upside Target 275.37
    Upside Target 174.48
    Pivot73.57
    Downside Target 172.68
    Downside Target 271.77
    Downside Target 370.88
  • ENGINERSIN Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 377.82
    Upside Target 276.13
    Upside Target 174.87
    Pivot73.18
    Downside Target 171.92
    Downside Target 270.23
    Downside Target 368.97
  • ENGINERSIN Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 385.78
    Upside Target 281.07
    Upside Target 177.08
    Pivot72.37
    Downside Target 168.38
    Downside Target 263.67
    Downside Target 359.68
  • ENGINERSIN Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 375.37
    Upside Target 274.68
    Upside Target 174.25
    Pivot73.57
    Downside Target 172.88
    Downside Target 272.45
    Downside Target 371.77
  • ENGINERSIN Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 376.13
    Upside Target 275.01
    Upside Target 174.31
    Pivot73.18
    Downside Target 172.06
    Downside Target 271.36
    Downside Target 370.23
  • ENGINERSIN Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 381.07
    Upside Target 277.74
    Upside Target 175.69
    Pivot72.37
    Downside Target 169.04
    Downside Target 266.99
    Downside Target 363.67
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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