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MANGLMCEM Consensus Forecast

No. of reports in last year
1
No. of analysts
1
Average Consensus Forecast
280
Consensus Potential
-63.46%

MANGLMCEM Price Target Potential

BrokerageTargetPotential

MANGLMCEM Targets in FrontPage Forums

5 Users have submitted 5 trade ideas of Rs. 101,473.5 for MANGLMCEM
100% Bullish
0% Bearish
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MANGLMCEM Ratings

Long term MANGLMCEM rating by FrontPage users
3/5 (1 Ratings)

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

MANGLMCEM Share Price Target - Broker Reports - 2019

7-Aug-19
Price @ Call: 258.54
Target: 280
HOLD
With the improvement in realisations witnessed in the recent period, we believe the stability of prices around these levels would enable cement companies to improve their profitability. Capacity bottlenecks may hit the company in or after FY21E. Citing the company’s improved profitability ledby higher realisations, further cost optimisation expected with WHRMS along with stability of petcoke prices and current valuations (~$40 FY21E EV/t), we upgrade Mangalam Cement to HOLD rating with a target price of | 280 valuing it at 5x FY21E EV/EBITDA.
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16-May-19
Price @ Call: 251.08
Target: 255
HOLD
Continued cost pressure and soft volume dragged MGC’s quarterly performance. While we believe that commissioning of 11MW WHRS and sustainability of realisation recovery is likely to aid MGC to witness a remarkable improvement in its unitary EBITDA in subsequent quarters. However, considering its below par operating performance even after realisation recovery, stock is unlikely to be re-rated. Hence, we maintain our HOLD recommendation on the stock with a revised Target Price of Rs255 (6x of EBITDA FY21E).
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16-May-19
Price @ Call: 249
Target: 215
REDUCE
Despite operating at 75% levels of utilisation, the company has been unable to generate higher margins that remains a concern from a cash flow generation perspective. Further, capacity bottlenecks may hit the company after FY21E amid issues with respect to fly ash availability and high debt levels. Considering the above and the current valuation levels, we have a REDUCE rating with a target price of Rs 215/share at FY21E EV/tonne of $45.
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14-Feb-19
Price @ Call: 199.31
Target: 210
HOLD
Continued cost pressure despite freight rebate dragged the performance. However, better realisation was a positive surprise. While we believe that commissioning of 11MW WHRS from Apr’19 may aid MGC to save in savings in Power & Fuel cost, this will be not enough for MGC to witness a remarkable improvement in its unitary EBITDA. Hence, a meaningful realisation improvement is the most important for the company. We maintain our HOLD recommendation on the stock with an unrevised Target Price of Rs210 (6x EBITDA FY21E).
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18-Feb-19
Price @ Call: 199.36
Target: 215
HOLD
Led by input cost increase, the company has been unable to generate adequate EBITDA margins for sustainable growth. Further, Mangalam is expected to end FY19E with utilisation level of 76% and FY20E with 82%. The company does not have any capex plans currently to add capacities. A debt of ~Rs 400 crore along with sub-par EBITDA margins may prompt the management to improve its operational performance before adding further capacities. Hence, due to capacity constraint post FY20E, we expect growth to be driven largely by prices unless the capacity constraint is addressed. Hence, we maintain our HOLD rating on the stock with a revised target price of Rs 215/share (i.e. at 11x FY20E EV/EBITDA and FY20E EV/tonne of US$38).
... Read more

MANGLMCEM Share Price Target - Broker Reports - 2018

16-Feb-18
Price @ Call: 358.85
Target: 400
BUY
3-Jan-18
Price @ Call: 370
Target: 440
BUY

MANGLMCEM Share Price Target - Broker Reports - 2017

21-Dec-17
Price @ Call: 354.15
Target: 440
BUY
16-Nov-17
Price @ Call: 357.11
Target: 440
BUY
16-Nov-17
Price @ Call: 357.11
Target: 419
BUY
16-Nov-17
Price @ Call: 358.3
Target: 425
BUY
2-Nov-17
Price @ Call: 396.2
Target: 440
BUY
16-May-17
Price @ Call: 349
Target: 425
BUY
14-Feb-17
Price @ Call: 293
Target: 340
BUY

MANGLMCEM Share Price Target - Broker Reports - 2016

10-Nov-16
Price @ Call: 300
Target: 365
BUY
10-Nov-16
Price @ Call: 300
Target: 453
BUY
9-Sep-16
Price @ Call: 352.7
Target: 395
BUY
23-Aug-16
Price @ Call: 356
Target: 390
BUY
9-Aug-16
Price @ Call: 312
Target: 365
BUY
9-Aug-16
Price @ Call: 319
Target: 453
BUY
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  • MANGLMCEM Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3488.07
    Upside Target 2479.03
    Upside Target 1464.07
    Pivot455.03
    Downside Target 1440.07
    Downside Target 2431.03
    Downside Target 3416.07
  • MANGLMCEM Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3534.07
    Upside Target 2502.03
    Upside Target 1475.57
    Pivot443.53
    Downside Target 1417.07
    Downside Target 2385.03
    Downside Target 3358.57
  • MANGLMCEM Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3368.87
    Upside Target 2349.73
    Upside Target 1333.27
    Pivot314.13
    Downside Target 1297.67
    Downside Target 2278.53
    Downside Target 3262.07
  • MANGLMCEM Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3479.03
    Upside Target 2469.87
    Upside Target 1464.2
    Pivot455.03
    Downside Target 1445.87
    Downside Target 2440.2
    Downside Target 3431.03
  • MANGLMCEM Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3502.03
    Upside Target 2479.69
    Upside Target 1465.88
    Pivot443.53
    Downside Target 1421.19
    Downside Target 2407.38
    Downside Target 3385.03
  • MANGLMCEM Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3349.73
    Upside Target 2336.13
    Upside Target 1327.73
    Pivot314.13
    Downside Target 1300.53
    Downside Target 2292.13
    Downside Target 3278.53
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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