2 IFBIND share price target reports by brokerages below. See what is analyst's view on IFBIND 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.
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.
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.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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