3 GMMPFAUDLR share price target reports by brokerages below. See what is analyst's view on GMMPFAUDLR 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.
We expect GMM Pfaudler to post CAGR of ~23%/39% in revenue/ earnings over FY19-22E. Management has indicated that the company is going to add two more gas based furnace from Q2FY21 which will help drive the GL business. Management also sounded positive on the heavy engineering business which is expected to scale up significantly in FY21. Hence, we recommend Accumulate with a target price of `3437 (30x FY2022E EPS).
GMM Pfaudler is well positioned in the industry owing to robust order backlog, high entry barriers and market leadership position in GLE business, strong brand name, and sticky clientele.Additionally,growing Non-GLE business, parent and subsidiary support and strong balance sheet backs it to command premium valuations. We expect revenues and PAT to grow at 23% and 29% respectively over FY19-FY21E. We value GMM Pfaudler at 25x FY21E and believe, the company possesses high growth prospects. We recommend BUY with a target price of Rs. 1,473
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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