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GRANULES Share Price Target

Granules India Ltd.
Sector: Pharmaceuticals and health care
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GRANULES Long Term Analysts Rating
4.9/5 (9 Ratings)
GRANULES Share Price *
149.25 +9.3 (6.65%)
* (quote may be delayed)

11 GRANULES share price target reports by brokerages below. See what is analyst's view on GRANULES 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.


You can also find GRANULES share price target tomorrow or next week from GRANULES discussion forum.

GRANULES Share Price Forecast - Consensus
No. of reports in last year
11
No. of analysts
5
Average Consensus Forecast
150.09
Consensus Potential
4.74%

GRANULES Share Price Target - Broker Reports - 2020

Motilal Oswal
22-Jan-20
Price @ Call: 139.65
Target: 165
BUY

AnandRathi
21-Jan-20
Price @ Call: 146.96
Target: 181
BUY

GRANULES Share Price Target - Broker Reports - 2019

Axis Direct
7-Nov-19
Price @ Call: 119.39
Target: 144
BUY
GRAN has done well with 15% CAGR in revenue and an EPS growth of 20% over FY15-19. In last three-four years, GRAN has heavily invested in new capacities and enhance capabilities in finished dosage for longer term growth. We think the current P/E of 8.2x FY21E EPS is at a discount to its intrinsic value, considering strong revenue growth coupled with improving profitability, we believe this valuation gap to narrow down. With focus on deleveraging balance sheet, divestments in joint venture and improving return ratios, we expect stock to trade in its 3-years average one year forward multiple of ~13-14x. We assume earnings CAGR of ~24% over FY19-21E, resulting EPS of Rs12.9/14.4 for FY20/21E respectively.
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Geojit Financial Services
25-Oct-19
Price @ Call: 125.54
Target: 137
ACCUMULATE
Given the success of Granules to integrate its production vertically whereby enabling sales of high margin finished products at a greater quantity, we expect consolidated revenue/PAT to grow at 19%/11% Cover FY20/21E. Considering the lower valuations and improving product profiles, we expect earnings to remain healthy in the long term and change the rating to Accumulate from Buy with a revised target price of Rs137 at 9x FY21E EPS.
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HDFC Securities
2-Aug-19
Price @ Call: 92.28
Target: 170
BUY
We maintain BUY on Granules following yet another quarter of robust YoY growth driven by expanded capacities. EBITDA margin at 19.9% was 300bps above estimates, despite a 5% miss on revenue. Our TP is unchanged at Rs 170 (12x FY21E EPS).
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Axis Direct
24-Jun-19
Price @ Call: 95.64
Target: 107
BUY
Company has guided for 20% topline and 25% bottom-line growth for the next three years, primarily driven by ramp-up of utilization levels across the expanded capacities for various key molecules, and new launches in the US market. Overall margins are expected to improve on the back of better product mix.Near-term catalyst: Approval of filed ANDAs, any further reduction in pledge shares, and approval of API plants from key regulators.Key risk: Higher-than-expected pricing pressure, raw material cost inflation and adverse currency movement.We maintain a BUY with a target of Rs. 107
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HDFC Securities
14-May-19
Price @ Call: 110.4
Target: 170
BUY
We maintain BUY on Granules following another strong quarter which was in-line with our estimates. Our TP is unchanged at Rs 170/sh (12x FY21E EPS).
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Geojit Financial Services
14-May-19
Price @ Call: 110.4
Target: 127
BUY
We expect consolidated revenue to grow at 20% CAGR over CY19-21E led by more momentum in the US. We also increase our FY20E revenue and PAT estimates by 10%/18% on improving utilization rates. Considering the lower valuations, management’s focus on improving debt profile and successful passing of raw material costs, we expect earnings to remain healthy in the long term and maintain the Buy rating with a revised target price of Rs127 at 10x FY21E EPS.
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Motilal Oswal
13-May-19
Price @ Call: 109.63
Target: 150
BUY
We raise our FY20/21 EPS estimate by 2.5%/4.3% to INR10.5/INR12.7 to factor in growth in the formulation business and enhanced API opportunity. We continue valuing GRAN at 13x 12M forward earnings to arrive at a TP of INR150 (prior: INR139). We re-iterate our Buy rating, as growth drivers appear to be in place to deliver 17% earnings CAGR over FY19-21. The improvement in asset turnover, the gradual expansion in margins and the completion of capex phase are likely to drive the return ratios as well over the next 2-3 years.
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HDFC Securities
2-Feb-19
Price @ Call: 90.11
Target: 160
BUY

Motilal Oswal
31-Jan-19
Price @ Call: 92.08
Target: 140
BUY

GRANULES Share Price Target - Broker Reports - 2018

HDFC Securities
31-Oct-18
Price @ Call: 97.84
Target: 140
BUY

Motilal Oswal
26-Jul-18
Price @ Call: 93.65
Target: 130
BUY

HDFC Securities
26-Jul-18
Price @ Call: 97.71
Target: 120
BUY

Centrum
25-Jul-18
Price @ Call: 91.7
Target: 160
BUY

Geojit Financial Services
30-May-18
Price @ Call: 81.9
Target: 97
BUY

HDFC Securities
25-May-18
Price @ Call: 79.46
Target: 115
BUY

Motilal Oswal
25-May-18
Price @ Call: 85.63
Target: 130
BUY

Motilal Oswal
10-Feb-18
Price @ Call: 117.61
Target: 175
BUY

GRANULES Share Price Target - Broker Reports - 2017

Motilal Oswal
6-Dec-17
Price @ Call: 124.64
Target: 200
BUY

HDFC Securities
23-Nov-17
Price @ Call: 124.6
Target: 170
BUY

Geojit Financial Services
17-Nov-17
Price @ Call: 121.2
Target: 147
BUY

Motilal Oswal
6-Oct-17
Price @ Call: 119.44
Target: 200
BUY

KRChoksey
21-Aug-17
Price @ Call: 126.75
Target: 146
BUY

HDFC Securities
17-Aug-17
Price @ Call: 126.55
Target: 185
BUY

Nirmal Bang
16-May-17
Price @ Call: 144
Target: 167
HOLD

HDFC Securities
12-May-17
Price @ Call: 146
Target: 190
BUY

Motilal Oswal
12-May-17
Price @ Call: 143.2
Target: 200
BUY

Nirmal Bang
8-Feb-17
Price @ Call: 129
Target: 151
HOLD

KRChoksey
31-Jan-17
Price @ Call: 116
Target: 145
BUY

GRANULES Share Price Target - Broker Reports - 2016

GEPL Capital
9-Dec-16
Price @ Call: 112
Target: 134
BUY

Nirmal Bang
2-Nov-16
Price @ Call: 122
Target: 156
BUY

KRChoksey
26-Oct-16
Price @ Call: 125
Target: 160
BUY

Centrum
25-Oct-16
Price @ Call: 125
Target: 190
BUY

Sethi Finmart
19-Oct-16
Price @ Call: 122.7
Target: 175
BUY

  • GRANULES - Share Price Target Potential

    keyboard_arrow_down
    BrokerageTargetPotential
    Motilal Oswal16515.18%
    AnandRathi18122.68%
    Axis Direct1442.81%
    Geojit Financial Services137-2.15%
    HDFC Securities17017.68%
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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