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EQUITAS Share Price Target

Equitas Holdings Ltd.
Sector: Finance
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EQUITAS Share Price *
110.5 -1.8 (-1.6%)
* (quote may be delayed)
EQUITAS Share Price Forecast - Consensus
No. of reports in last year
6
No. of analysts
2
Average Consensus Forecast
157.83
Consensus Potential
27.40%

EQUITAS Share Price Target - Broker Reports - 2019

Nirmal Bang
15-Nov-19
Price @ Call: 85.9
Target: 122
HOLD
With visible ROE expansion to 16.4% in FY21E on the back of strong AUM growth and lower opex, we believe Equitas SFB’s valuations will gravitate towards that of SFBs, banks and NBFCs demonstrating similar growth and profitability. We remain positive on the stock given strong earnings growth of 53% CAGR over FY19-21E. We value (Equitas SFB at 3.0x FY21E Adj. BV) Equitas Holdings at a 55% discount to SFB, at 1.4x FY21E Adj. BV at Rs. 122, post factoring the holdco discount.
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Nirmal Bang
19-Aug-19
Price @ Call: 112.4
Target: 147
BUY
With visible ROE expansion to ~16-18% levels in the long term (by FY22E) on the back of strong AUM growth, lower opex and stable credit costs, we believeEquitas’ valuations will gravitate towards that of SFBs, banks and NBFCsdemonstrating similar growth and profitability. We remain positive on the stock given strong earnings growth of 48% CAGR over FY19-21E. We value (Equitas SFB at 3.0x FY21E Adj. BV) Equitas Holdings at a 45% discount to SFB, at 1.7x FY21E Adj. BV at Rs. 147, post factoring the holdco discount.
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Nirmal Bang
14-May-19
Price @ Call: 125.5
Target: 187
BUY
With visible ROE expansion to ~16-18% levels in the long term (by FY22E) on the back of strong AUM growth, lower opex and stable credit costs, we believe Equitas’ valuations will gravitate towards that of SFBs, banks and NBFCs demonstrating similar growth and profitability. We remain positive on the stock given strong earnings growth of 52% CAGR over FY19-21E. We value (Equitas SFB at 3.0x FY21E Adj. BV) Equitas Holdings at a 30% discount to SFB, at 2.1x FY21E Adj. BV at Rs. 187, post factoring the holdco discount.
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Motilal Oswal
14-May-19
Price @ Call: 126.23
Target: 160
BUY
Valuation and view: EQUITAS has delivered on its goal of balance sheet de-risking by lowering the MFI proportion in its loan book. This has been partially offset by high growth in secured products. The recalibration in the growth strategy is likely to bear fruit over the medium-to-long term. We have revised our estimates and expect the bank to deliver 39% PAT CAGR over FY19-21. In our view, the nearterm stock performance may come under pressure from the parallel listing of the SFB, which may result in a widening of the holding company discount. We reiterate our Buy rating with a TP of INR160, based on 1.9x Mar’21E ABV of INR85 per share.
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Motilal Oswal
5-Feb-19
Price @ Call: 121
Target: 150
BUY

Nirmal Bang
22-Jan-19
Price @ Call: 118.51
Target: 181
BUY

EQUITAS Share Price Target - Broker Reports - 2018

Motilal Oswal
6-Nov-18
Price @ Call: 105.92
Target: 160
BUY

Rudra Shares & Stocks Brokers
13-Oct-18
Price @ Call: 131.04
Target: 230
BUY

Motilal Oswal
31-Jul-18
Price @ Call: 139.15
Target: 175
BUY

Edelweiss
31-Jul-18
Price @ Call: 139.15
Target: 214
BUY

Edelweiss
2-May-18
Price @ Call: 154.7
Target: 220
BUY

Motilal Oswal
30-Apr-18
Price @ Call: 155
Target: 185
BUY

Edelweiss
2-Feb-18
Price @ Call: 150.6
Target: 220
BUY

EQUITAS Share Price Target - Broker Reports - 2017

Edelweiss
30-Nov-17
Price @ Call: 147.45
Target: 220
BUY

Axis Direct
6-Nov-17
Price @ Call: 146.5
Target: 168
BUY

Motilal Oswal
31-Oct-17
Price @ Call: 145.45
Target: 209
BUY

Edelweiss
30-Oct-17
Price @ Call: 144
Target: 220
BUY

Axis Direct
4-Aug-17
Price @ Call: 167
Target: 184
BUY

Edelweiss
1-Aug-17
Price @ Call: 168
Target: 220
BUY

Motilal Oswal
31-Jul-17
Price @ Call: 167
Target: 201
BUY

Edelweiss
11-May-17
Price @ Call: 165
Target: 225
BUY

Kotak Securities
9-May-17
Price @ Call: 163.4
Target: 180
BUY

Motilal Oswal
8-May-17
Price @ Call: 161
Target: 210
BUY

Motilal Oswal
6-Apr-17
Price @ Call: 169
Target: 220
BUY

HDFC Securities
21-Feb-17
Price @ Call: 180
Target: 210
BUY

Kotak Securities
3-Feb-17
Price @ Call: 182.7
Target: 185
BUY

EQUITAS Share Price Target - Broker Reports - 2016

Axis Direct
29-Nov-16
Price @ Call: 158
Target: 215
BUY

Motilal Oswal
13-Oct-16
Price @ Call: 174.9
Target: 220
NEUTRAL

Axis Direct
3-Oct-16
Price @ Call: 169
Target: 215
BUY

Angel Broking
30-Sep-16
Price @ Call: 175.35
Target: 235
BUY

Angel Broking
3-Aug-16
Price @ Call: 176.85
Target: 235
BUY

Angel Broking
27-Jun-16
Price @ Call: 174.85
Target: 235
BUY

Angel Broking
20-Jun-16
Price @ Call: 174
Target: 235
BUY

Angel Broking
8-Jun-16
Price @ Call: 176.36
Target: 235
BUY

  • EQUITAS - Share Price Target Potential

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    BrokerageTargetPotential
    Nirmal Bang1227.95%
    Motilal Oswal16029.81%