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GREAVESCOT Share Price Target
Greaves Cotton Ltd.
Sector: Engineering
Sector: Engineering
GREAVESCOT Share Price *
136.35 +2.3 (1.72%)
* (quote may be delayed)
GREAVESCOT Share Price Forecast - Consensus
| No. of reports in last year | 10 |
| No. of analysts | 5 |
| Average Consensus Forecast | 145.90 |
| Consensus Potential | 7.59% |
GREAVESCOT Share Price Target - Broker Reports - 2019
Cholamandalam Securities
29-Aug-19
Price @ Call: 123.48
Target: 133
BUY
GCL’s is focusing on becoming fuel agnostic through new business initiatives such as CNG engines and electric vehicles. These businesses are at still at an embryonic stage and developments in the e rickshaw and e 2 wheeler space are to be monitored. We expect revenues to grow at a CAGR of 9% over FY19-21E. At CMP, the stock is trading at P/E of 16.5X/13.8x on FY20E/FY21E EPS, respectively. We maintain a MARKET PERFORMER rating on GCL with a revised target price of INR 133, assigning a P/E of 15X on FY21 EPS. Risks: Downturn in the economy leading to lower auto engines volumes, a slowdown in infrastructure and industrial activities, lower than expected pick-up in new business.
Kotak Securities
13-Aug-19
Price @ Call: 117.4
Target: 125
ADD
GCL is currently trading at 14.5x and 13.2x FY20E and FY21E earnings respectively, which is at a discount to peers in the capital goods space.However, GCL’s growth outlook has remained subdued as it has 3W engine saleshave underperformed the Industry growth rate. We now value the stock at 14x FY21E EPS (earlier 15x FY21E), thus arriving at a price target of Rs 125 (Earlier Rs 156). In view of the modest upside, we maintain“ADD” rating. Key positive trigger going forward will be ramping up of its 200cc BSVI compliant CREST CNG engine volume (currently undergoing field trials).
ICICIdirect.com
9-Aug-19
Price @ Call: 117.71
Target: 145
BUY
New product range of high speed E-2-W vehicles with the launch of Zeal and expected launch of another two products at Ampere coupled with new business initiatives (CNG engines, and B2C business) would aid revenue growth and boost the share of non-auto segment. Also, aftermarket sales may provide the much needed growth uptick. We build in 8.7% revenue CAGR in FY19-21E. We value GCL base business at 16x FY21E EPS to arrive at | 145/share and revise our rating from HOLD to BUY.
Arihant Capital Markets
6-May-19
Price @ Call: 147.5
Target: 165
HOLD
Sharekhan
6-May-19
Price @ Call: 147.5
Target: 155
HOLD
ICICIdirect.com
3-May-19
Price @ Call: 147.47
Target: 150
HOLD
Sharekhan
17-Apr-19
Price @ Call: 147.24
Target: 155
HOLD
Kotak Securities
8-Feb-19
Price @ Call: 120.19
Target: 145
BUY
ICICIdirect.com
5-Feb-19
Price @ Call: 120.55
Target: 140
BUY
GREAVESCOT Share Price Target - Broker Reports - 2018
Kotak Securities
6-Nov-18
Price @ Call: 120
Target: 146
BUY
Kotak Securities
14-Sep-18
Price @ Call: 152
Target: 165
ACCUMULATE
ICICIdirect.com
31-Aug-18
Price @ Call: 158.1
Target: 180
BUY
Kotak Securities
16-Aug-18
Price @ Call: 147.85
Target: 156
ACCUMULATE
Arihant Capital Markets
16-Aug-18
Price @ Call: 147.85
Target: 190
BUY
Sharekhan
14-Aug-18
Price @ Call: 146.89
Target: 157
HOLD
Arihant Capital Markets
23-Jul-18
Price @ Call: 143
Target: 190
BUY
Kotak Securities
8-May-18
Price @ Call: 138.06
Target: 153
BUY
Sharekhan
4-May-18
Price @ Call: 130.64
Target: 143
HOLD
Choice Equity Broking
7-Mar-18
Price @ Call: 120.65
Target: 145
BUY
Edelweiss
15-Feb-18
Price @ Call: 126.3
Target: 135
HOLD
ICICIdirect.com
13-Feb-18
Price @ Call: 132.1
Target: 140
HOLD
Joindre Capital Services
5-Jan-18
Price @ Call: 142.11
Target: 208
BUY
GREAVESCOT Share Price Target - Broker Reports - 2017
Kotak Securities
8-Nov-17
Price @ Call: 126.7
Target: 136
ACCUMULATE
Sharekhan
9-Aug-17
Price @ Call: 156.65
Target: 190
BUY
Edelweiss
9-Aug-17
Price @ Call: 156.65
Target: 160
HOLD
HDFC Securities
17-Jul-17
Price @ Call: 160
Target: 196.5
BUY
ICICIdirect.com
23-Jun-17
Price @ Call: 162.75
Target: 207
BUY
ICICIdirect.com
5-May-17
Price @ Call: 166
Target: 176
HOLD
ICICIdirect.com
16-Feb-17
Price @ Call: 142
Target: 170
BUY
Edelweiss
16-Feb-17
Price @ Call: 143
Target: 175
BUY
GREAVESCOT Share Price Target - Broker Reports - 2016
ICICIdirect.com
11-Nov-16
Price @ Call: 132
Target: 170
BUY
Edelweiss
8-Aug-16
Price @ Call: 138
Target: 167
BUY