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GRINDWELL Share Price Target
Grindwell Norton Ltd.
NSE: GRINDWELL | BSE: 506076 | ISIN: INE536A01023 | Sector: Engineering
GRINDWELL Rating
- ★★
- ★★
- ★★
- ★★
- ★★
4.3/5 (3 Ratings)
GRINDWELL Share Price *
614.65 -1.6 (-0.26%)
* (quote may be delayed)
2 GRINDWELL share price target reports by brokerages below. See what is analyst's view on GRINDWELL 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 GRINDWELL share price target tomorrow or next week from GRINDWELL discussion forum.
GRINDWELL Share Price Forecast - Consensus
| No. of reports in last year | 2 |
| No. of analysts | 2 |
| Average Consensus Forecast | 640.00 |
| Consensus Potential | 3.71% |
GRINDWELL Share Price Target - Broker Reports - 2019
Karvy Stock Broking
12-Nov-19
Price @ Call: 591.93
Target: 645
HOLD
Growth in C&P segment to drive growth particularly in performance plastics segment, which has application across multiple industries having huge market potential given the product range. However, weak auto, construction and industrial demand slowdown weigh on growth. We expect earnings growth of 13.5% CAGR during FY19-22E to Rs. 22.3 by FY22E and continue to maintain ‘HOLD’ rating on Grindwell by valuing it at 28.9x (8% discount to 5 year fwd earnings average of 31.5x) for a target of Rs. 645. Key downside risk to our call is slowdown in the user industries and large scale down trading in the abrasives segment could trigger further earnings downgrade.
ICICIdirect.com
26-Jul-19
Price @ Call: 537.11
Target: 635
BUY
Going forward, we expect growth in plastics segment to remain muted dueto automotive slowdown. On the whole, abrasives, ceramics and ‘newinitiatives’ are expected to grow at a CAGR of 9.5%, 16.5% and 16.5% over FY19-21E, due to traction from end user industries like construction, life sciences, oil & gas, etc. With a cash balance of Rs 234.1 crore and debt-free status, we believe GNL is a quality play. We value GNL at 33x FY21E earnings to arrive at a target price of Rs 635. We have a BUY rating on the stock.
ICICIdirect.com
5-Feb-19
Price @ Call: 538
Target: 625
BUY
GRINDWELL Share Price Target - Broker Reports - 2018
ICICIdirect.com
26-Jul-18
Price @ Call: 519.8
Target: 580
BUY
Edelweiss
7-Feb-18
Price @ Call: 502
Target: 568
BUY
ICICIdirect.com
5-Feb-18
Price @ Call: 497.89
Target: 560
BUY
GRINDWELL Share Price Target - Broker Reports - 2017
ICICIdirect.com
27-Jul-17
Price @ Call: 425
Target: 500
BUY
HDFC Securities
3-Jul-17
Price @ Call: 428.5
Target: 487
BUY
AnandRathi
2-Jun-17
Price @ Call: 394
Target: 511
BUY
ICICIdirect.com
1-Jun-17
Price @ Call: 405
Target: 460
BUY
Edelweiss
1-Mar-17
Price @ Call: 336
Target: 390
BUY
ICICIdirect.com
3-Feb-17
Price @ Call: 320
Target: 390
BUY
GRINDWELL Share Price Target - Broker Reports - 2016
AnandRathi
4-Nov-16
Price @ Call: 329.53
Target: 323
SELL
ICICIdirect.com
4-Nov-16
Price @ Call: 330
Target: 390
BUY
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GRINDWELL Peer Stocks - Share Price Targets
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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