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HIMATSEIDE Share Price Target
Himatsingka Seide Ltd.
Sector: Textiles
Sector: Textiles
HIMATSEIDE Share Price *
125.65 -0.95 (-0.75%)
* (quote may be delayed)
HIMATSEIDE Share Price Forecast - Consensus
| No. of reports in last year | 6 |
| No. of analysts | 2 |
| Average Consensus Forecast | 240.33 |
| Consensus Potential | 45.61% |
HIMATSEIDE Share Price Target - Broker Reports - 2019
Kotak Securities
11-Nov-19
Price @ Call: 137.54
Target: 191
BUY
We believe that the challenges in luxury European brand and upholstery business and restructuring of the same expected in H2FY20 would impact operating performance of FY20. Further, towel facility may take 1-2 years before reaching optimal utilization and hence, next one year would be the year of consolidation. We have cut our margin estimates for FY20E by 100 bps factoring in higher operating cost and challenges outside US. We have assumed higher tax rates as the company is presently continuing with older tax rates and evaluating the new tax law. Based on this, we have cut our EPS estimates for FY20E and FY21E by 10-20%. Based on FY20E/21E revised EPS of Rs 15.7/21.2 (Vs Rs 19.6/23.6), the stock is trading at PE of 9.2x/6.8x, respectively. We maintain Buy on the stock with revised target price of Rs 191 (vs Rs 212 earlier), valuing the stock at 9x FY21E EPS.
Kotak Securities
4-Oct-19
Price @ Call: 142.15
Target: 212
BUY
Kotak Securities
16-Aug-19
Price @ Call: 136.53
Target: 194
BUY
We have assumed higher interest cost based on higher debt. Based on this, we have cut our EPS estimates for FY20E and FY21E by 21-22%. Based on FY20E/21E revised EPS of Rs 17.6/21.6, the stock is trading at PE of 7.7x/6.3x, respectively. We maintain Buy on the stock with revised target price of Rs 194 (vs Rs 290), valuing the stock at 9x (vs 10.5x) FY21E EPS.
Kotak Securities
31-May-19
Price @ Call: 198.2
Target: 290
BUY
We believe that higher raw material prices and lower realization will partially offset benefits from increased incentives in the EBITDA margin for FY20E. We have cut our margin estimates for FY20E and FY21E by 100-120 bps resulting in 8-9% reduction in our EPS estimates for FY20E-21E. Based on FY20E/21E revised EPS of Rs 22.3/27.5, the stock is trading at PE of 9x/7.3x, respectively. We maintain Buy on the stock with unchanged target price of Rs 290, valuing the stock at 10.5x FY21E EPS (as we roll forward to FY21E).
Kotak Securities
18-Apr-19
Price @ Call: 231.25
Target: 290
BUY
Based on FY19E/FY20E/21E EPS of Rs 19.8/Rs 24.2/Rs 30.1, the stock is trading at PE of 11.7x/9.5x/7.7, respectively. We initiate coverage on the stock with BUY rating and target price of Rs 290. We have valued the stock at 12x FY20E EPS of Rs 24.2, which is close to its last five years average forward PE of 11.6x.
Edelweiss
8-Feb-19
Price @ Call: 185.81
Target: 265
BUY
HIMATSEIDE Share Price Target - Broker Reports - 2018
Edelweiss
31-May-18
Price @ Call: 351.57
Target: 421
BUY
Edelweiss
15-Feb-18
Price @ Call: 369.5
Target: 459
BUY
HIMATSEIDE Share Price Target - Broker Reports - 2016
Edelweiss
14-Aug-16
Price @ Call: 269
Target: 307
BUY
Edelweiss
25-May-16
Price @ Call: 216
Target: 307
BUY