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IFBIND Share Price Target
IFB Industries Ltd.
Sector: Consumer Durables
Sector: Consumer Durables
IFBIND Share Price *
613 -0.65 (-0.11%)
* (quote may be delayed)
IFBIND Share Price Forecast - Consensus
| No. of reports in last year | 3 |
| No. of analysts | 1 |
| Average Consensus Forecast | 1126.67 |
| Consensus Potential | 44.60% |
IFBIND Share Price Target - Broker Reports - 2019
Nirmal Bang
5-Aug-19
Price @ Call: 604.05
Target: 930
BUY
Management intends to sustain healthy revenue growth (led by improving extraction from trade channel and new product introduction) while addressing the cost issues to gradually recover margins. We cut our earnings estimates for FY20/FY21 to Rs807mn/Rs1.3bn from Rs1.2bn/Rs1.7bn as we factor in a delayed and slower recovery in margins. We maintain Buy rating on IFB with a revised SOTP-based target price of Rs930 (from Rs1,210 earlier). We value the Home Appliances segment at P/E of 34x (10% discount to peers) and the Fine Blanking segment at 15x based on FY21E earnings.
Nirmal Bang
10-Jun-19
Price @ Call: 760
Target: 1210
BUY
The management intends to sustain healthy revenue growth (led by improving extraction from trade channel and new product introduction) while addressing the cost issues to gradually recover margins. We cut our earnings estimates for FY20/FY21 by 9%/7%, respectively. Maintain Buy rating on IFB with a revised SOTP-based target price of Rs1,210 (from Rs1,290 earlier). We value the home appliance segment at P/E of 34x (10% discount to peers) and fine blanking segment at 15x based on FY21 earnings.
Nirmal Bang
11-Feb-19
Price @ Call: 743.7
Target: 1240
BUY