FrontPage is India's Stock Market Social Network
Join 50,000+ Traders and Investors
forum

GRANULES Share Price Target

Granules India Ltd.
NSE: GRANULES | BSE: 532482 | ISIN: INE101D01020 | Sector: Pharmaceuticals and health care

GRANULES Rating

4.9/5 (8 Ratings)
GRANULES Share Price *
167.65 +1.9 (1.15%)
* (quote may be delayed)

8 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
8
No. of analysts
6
Average Consensus Forecast
160.50
Consensus Potential
-7.01%

GRANULES Share Price Target - Broker Reports - 2020

4-Feb-20
Price @ Call: 146.4
Target: 175
BUY
We expect consolidated revenue/PAT to grow at a CAGR of 19%/16% over FY20 -22E given their successful implementation of vertical integration. Management has indicated that they will be launching another 8-9 products in FY21. Considering the lower valuations and improving product profiles, we expect earnings to remain healthy in the long term and upgrade the rating to Buy with a revised target price of Rs175 at 9.5x FY22E EPS.
... Read more

21-Jan-20
Price @ Call: 146.96
Target: 205
BUY
The management is delivering the guidance as of now in 9M with consistent revenue and earnings growth. Promoter have announced that the recent Buyback would lead to meaningful reduction of the pledge share post the closure of buyback (expect less than 5% pledge share from current 37% pledge). EBITDA margins have seen the benefit from improving product mix and operating efficiencies with better capacity utilisations. Also, the launch of own label products in US, new facility commenced at Vizag and Metformin capacity will contribute to the margins. Considering the above consistent improvements, we have increased our earnings by 15% in FY21E and introduce our FY22E along with rolling over to FY22E for valuations. Valuing the stock at 10x FY22E EPS, maintaining BUY rating with revised target price of Rs 205. At CMP of Rs140., GIL is trading at 8.6x FY21E EPS of Rs16.3 and 6.8x FY22E EPS of 20.5.
... Read more

21-Jan-20
Price @ Call: 146.96
Target: 181
BUY
Granules India’s topline continues to be boosted by strong traction in formulations. Its Q3 FY20 sales grew 11% to `7bn. Formulations (FD) grew 23% to Rs 4bn, PFI sales were up 8% to `1bn while APIs declined slightly (3%) to `2bn. The higher contribution from formulations and softening API prices helped to a record 23% EBITDA margin. Adjusted for an impairment charge of Rs 320m on the Biocause JV, PAT shot up 44% to Rs 871m. We expect revenue and PAT CAGRs over FY19-22 of respectively ~17% and ~25%. We maintain our Buy recommendation and raise our target to Rs 181 (earlier Rs 172).
... Read more

22-Jan-20
Price @ Call: 139.65
Target: 165
BUY
We expect earnings CAGR of 26% over FY19-22, led by 19% CAGR in formulation revenue and 490bp EBITDA margin expansion (with an increased share of better-margin products). We continue valuing GRAN at 9x 12M forward earnings to arrive at a TP of INR165 (prior: INR145). Maintain Buy.
... Read more

GRANULES Share Price Target - Broker Reports - 2019

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.
... Read more

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.
... Read more

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).
... Read more

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
... Read more

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.
... Read more

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.
... Read more

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).
... Read more

2-Feb-19
Price @ Call: 90.11
Target: 160
BUY

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

GRANULES Share Price Target - Broker Reports - 2018

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

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

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

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

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

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

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

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

GRANULES Share Price Target - Broker Reports - 2017

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

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

17-Nov-17
Price @ Call: 121.2
Target: 147
BUY

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

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

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

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

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

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

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

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

GRANULES Share Price Target - Broker Reports - 2016

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

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

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

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

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

  • GRANULES - Share Price Target Potential

    keyboard_arrow_down
    BrokerageTargetPotential
    Geojit Financial Services1755.29%
    Centrum20519.15%
    AnandRathi1818.43%
    Motilal Oswal165-0.45%
    Axis Direct144-15.10%
  • GRANULES Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3177.15
    Upside Target 2174.25
    Upside Target 1170
    Pivot167.1
    Downside Target 1162.85
    Downside Target 2159.95
    Downside Target 3155.7
  • GRANULES Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3195.8
    Upside Target 2185.15
    Upside Target 1175.45
    Pivot164.8
    Downside Target 1155.1
    Downside Target 2144.45
    Downside Target 3134.75
  • GRANULES Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3225.73
    Upside Target 2203.37
    Upside Target 1182.93
    Pivot160.57
    Downside Target 1140.13
    Downside Target 2117.77
    Downside Target 397.33
  • GRANULES Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3174.25
    Upside Target 2171.52
    Upside Target 1169.83
    Pivot167.1
    Downside Target 1164.37
    Downside Target 2162.68
    Downside Target 3159.95
  • GRANULES Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3185.15
    Upside Target 2177.38
    Upside Target 1172.57
    Pivot164.8
    Downside Target 1157.03
    Downside Target 2152.22
    Downside Target 3144.45
  • GRANULES Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3203.37
    Upside Target 2187.02
    Upside Target 1176.92
    Pivot160.57
    Downside Target 1144.22
    Downside Target 2134.12
    Downside Target 3117.77
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
DISCLAIMER: Information is provided "as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and FrontPage will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.
PrivacyTerms
FrontPage © 2020