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GOKEX Share Price Target
Gokaldas Exports Ltd.
Sector: Textiles
Sector: Textiles
GOKEX Share Price *
76.4 +0.4 (0.53%)
* (quote may be delayed)
GOKEX Share Price Forecast - Consensus
| No. of reports in last year | 2 |
| No. of analysts | 1 |
| Average Consensus Forecast | 124.00 |
| Consensus Potential | 38.45% |
GOKEX Share Price Target - Broker Reports - 2019
Prabhudas Lilladher
1-Aug-19
Price @ Call: 80
Target: 116
BUY
We adjust our estimates for IND-AS 116 and revise our gross margin assumptions downwards by 150bps in FY20E and 50bps in FY21E due to change in product mix. We expect revenues to grow at CAGR of 18.1% to Rs 16.4bn and adj PAT at 49.1% to Rs 708m over FY19-21E. At CMP, the stock is trading at 9.5FY20E and 4.9x FY21E EPS estimates of Rs 8.6 and Rs 16.5 respectively. We maintain our BUY rating on the stock with revised target price of Rs 116.
Prabhudas Lilladher
31-May-19
Price @ Call: 109.2
Target: 132
BUY
At CMP, the stock is trading at 12.7x FY20E and 6.6x FY21E earnings. Given robust revenue growth, high return ratios (RoE/RoCE of 22.6%/33.3% in FY21E) and free cash generation, we recommend investors to BUY and TP of Rs 132 (8.0x FY21E EPS).