2 HIRECT share price target reports by brokerages below. See what is analyst's view on HIRECT 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.
We remain positive on HRL’s ability to improve its product mix, timely execute orders and scale up its new products to enable profitable future growth. Although there has been some slowdown in tendering activities during Q1 amid general elections, the management sees these as temporary and expects a revival within a month or so. We introduce FY21E estimates for the company. Overall, we estimate topline, EBITDA and PAT growth at a CAGR of 16%, 33% and 42%, respectively. We reiterate our BUY recommendation on the stock with a target price of | 165 based on an estimated FY21E EPS of | 14.4/share.
Continued momentum in tendering by Indian Railways & aggressive order wins for HRL, timely execution, change in product mix & scalability of new products are expected to drive the company’s profitability. Accordingly, we estimate topline growth of 2.4x with EBITDA growing 3.9x and PAT reporting multi-fold growth of 13.3x for HRL over FY18-20E. We value HRL at 14x P/E on an estimated EPS of ~Rs 10.6/share (FY20E) with a target price of Rs 150. We have a BUY recommendation on the company.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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