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KKCL Consensus Forecast

No. of reports in last year
1
No. of analysts
1
Average Consensus Forecast
1160
Consensus Potential
19.01%

KKCL Price Target Potential

BrokerageTargetPotential

KKCL Targets in FrontPage Forums

1 Users have submitted 1 trade ideas of Rs. 18,980 for KKCL
100% Bullish
0% Bearish
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KKCL Ratings

Long term KKCL rating by FrontPage users
4.3/5 (3 Ratings)

1 KKCL share price target reports by brokerages below. See what is analyst's view on KKCL 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.
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KKCL Share Price Target

KKCL Share Price Target - Broker Reports - 2020

29-Jan-20
Price @ Call: 1001.03
Target: 1160
BUY
EBITDA margins for YTDFY20 have dipped to 18.3% (vs. average run rate of 20%+). In a bid to sustain double digit topline growth, the management has alluded at a possibility of dilution in margin profile to a range of 18-19%. Despite the same, KKCL remains one of the most profitable branded apparel players having a robust balance sheet with cash & investments worth ~Rs 270 crore. The management expects working capital days to remain elevated (at similar levels of FY19). However, with the company having robust cash & investments, it does not foresee a further increase in working capital debt. The debt/equity ratio is comfortably placed at 0.2x. Factoring in the YTDFY20 performance, we revise our estimates downwards. We reiterate BUY rating on the stock with a revised target price of | 1160 (16.0x FY21E EPS).
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KKCL Share Price Target - Broker Reports - 2019

5-Nov-19
Price @ Call: 1005.09
Target: 1155
HOLD
Valuation: We have broadly maintained our earnings estimates for FY2020/21 to factor in lower than earlier expected operating margins which will be set-off by a lower corporate tax rate of 25.2%, keeping PAT estimates largely unchanged. We expect KKCL’s volume growth to recover gradually, propelled by a turnaround in performance of core brands and higher investments on promotional activities (especially in H2FY2020 supported by the festive season). The stock is currently trading at 7.3x its FY2021E EV/ EBIDTA, at a discount to its historical trading multiple. We maintain our Hold rating with an unchanged PT of Rs. 1,155.
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25-Jul-19
Price @ Call: 1005
Target: 1587
BUY
We are positive on the company for its better return ratios. However, mounting working capital and lower-than-industry revenue growth are concerns. We maintain our Buy on the stock, with a target of 1,587 (earlier 1,706), at 15x FY21e EV/ EBITDA. Risk: Keener competition trimming volume and realisation growth.
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25-Jul-19
Price @ Call: 1005
Target: 1235
BUY
The management is undertaking several initiatives to accelerate revenue growth while maintaining its current margin profile. We model revenue CAGR of 10% over FY19-21E, with EBITDA margins expected to remain range bound at 22%. The stock price has corrected sharply by ~20% since our last result update, making it available at valuations of 13.8x FY21E earnings. We have a BUY recommendation on the stock with a revised target price of Rs 1235 (16.0x FY21E EPS).
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9-May-19
Price @ Call: 1329.91
Target: 1415
HOLD
Consistent volume growth to be key trigger for revenue growth, margins expected to be maintained at above 20%: KKCL’s double digit revenue growth in Q4FY2019 was driven by a strong volume performance. Realizations remained flat, unlike the dips seen in the past few quarters, as the company has increased its advertisement and promotion spends. Demand has been steady for the company and the overall demand environment for apparel players is on a positive trajectory. KKCL does not want to compromise on margins and has maintained the target of achieving OPM at above 20%. KKCL has decided to adopt the strategy of offering products on a 20% SOR basis to help them increase their penetration in Northern India. The volatility seen in volumes in the past few quarters seem to settle in and thus, steady volume growth in the coming quarters would be the key trigger for revenue growth. Page 3 Lawman, which de- grew since the past few quarters, is expected to turn positive from the coming quarter and would help drive revenue growth. The new brands Immortal (targeting lower price point products) and Desi Belle (acquired in Q2FY2019) are at a very nascent stage but have been performing as per management’s expectations. However, the management is confident that the contribution from Desi Belle would substantially improve from the second quarter of FY2020.
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7-May-19
Price @ Call: 1310
Target: 1500
BUY
After two subsequent years of subdued topline growth, FY19 witnessed decent recovery, with revenue growth of 9.2% YoY. The management is undertaking several initiatives to accelerate revenue growth with a long term view of doubling revenues to | 1000 crore over next five years. KKCL has been one of the most profitable brands generating EBITDA margins (21%+) and having a strong balance sheet with debt/equity ratio comfortably placed at 0.2x. We model revenue CAGR of 12% over FY19-21E, with EBITDA margins expected to remain range bound at 22%. The dual strategy to revive revenue growth while maintaining balance sheet health augurs well over the long term. Hence, we upgrade our recommendation to BUY with a revised target price of | 1500 (18.0x FY20E EPS).
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20-Mar-19
Price @ Call: 1300
Target: 1415
HOLD
Gradual revival in performance foreseen; retained Hold: KKCL is getting out of a conservative mode and is focusing on regaining its footing in the denim/casual wear space. Though the levers are in place, we expect the revival to take some time. Hence, revenue growth is expected to remain in the range of 8-10% in the coming years. However the OPM will continue to remain at 20%+ as the company will focus on promotional offerings to consumers rather than spending more on brand building and media activities. The working capital days are expected remain stable and hence, we expect balance sheet to remain de-leveraged (except for any significant acquisition). We maintain our Hold recommendation on the stock with an unchanged Price Target of Rs. 1,415 and would advise investors with long term view to stay invested in the company, given its lean balance sheet and decent margin profile in the apparel space.
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29-Jan-19
Price @ Call: 1176.15
Target: 1415
HOLD

KKCL Share Price Target - Broker Reports - 2018

29-Oct-18
Price @ Call: 1255.1
Target: 1704
BUY
25-Jul-18
Price @ Call: 1470
Target: 1770
HOLD
24-Jul-18
Price @ Call: 1469.13
Target: 1550
HOLD
26-Apr-18
Price @ Call: 1559.94
Target: 1775
BUY
23-Jan-18
Price @ Call: 1788.75
Target: 3500
BUY

KKCL Share Price Target - Broker Reports - 2017

17-Oct-17
Price @ Call: 1890.55
Target: 2260
BUY
29-Jun-17
Price @ Call: 1714.6
Target: 1910
HOLD
31-Jan-17
Price @ Call: 1740
Target: 1844
HOLD

KKCL Share Price Target - Broker Reports - 2016

25-May-16
Price @ Call: 1796
Target: 2039
BUY
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  • KKCL Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 31,060.63
    Upside Target 21,029.82
    Upside Target 1984.63
    Pivot953.82
    Downside Target 1908.63
    Downside Target 2877.82
    Downside Target 3832.63
  • KKCL Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 31,021.97
    Upside Target 2984.43
    Upside Target 1946.67
    Pivot909.13
    Downside Target 1871.37
    Downside Target 2833.83
    Downside Target 3796.07
  • KKCL Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 31,079.63
    Upside Target 21,027.82
    Upside Target 1957.23
    Pivot905.42
    Downside Target 1834.83
    Downside Target 2783.02
    Downside Target 3712.43
  • KKCL Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 31,029.82
    Upside Target 21,000.78
    Upside Target 1982.85
    Pivot953.82
    Downside Target 1924.78
    Downside Target 2906.85
    Downside Target 3877.82
  • KKCL Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3984.43
    Upside Target 2955.67
    Upside Target 1937.9
    Pivot909.13
    Downside Target 1880.37
    Downside Target 2862.6
    Downside Target 3833.83
  • KKCL Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 31,027.82
    Upside Target 2981.06
    Upside Target 1952.17
    Pivot905.42
    Downside Target 1858.66
    Downside Target 2829.77
    Downside Target 3783.02
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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