FrontPage is India's Stock Market Social Network
Join 50,000+ Traders and Investors

MCDOWELL-N Consensus Forecast

No. of reports in last year
2
No. of analysts
2
Average Consensus Forecast
682.5
Consensus Potential
6.31%

MCDOWELL-N Price Target Potential

BrokerageTargetPotential
Nirmal Bang71510.77%
ICICIdirect.com6501.85%

MCDOWELL-N Targets in FrontPage Forums

7 Users have submitted 15 trade ideas of Rs. 437,540.81 for MCDOWELL-N
100% Bullish
0% Bearish
See buy or sell ideas on FrontPage Forums >>

MCDOWELL-N Ratings

Long term MCDOWELL-N rating by FrontPage users
4.6/5 (8 Ratings)

2 MCDOWELL-N share price target reports by brokerages below. See what is analyst's view on MCDOWELL-N 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.
  1. Home
  2. MCDOWELL-N Forum
  3. MCDOWELL-N Price Target

MCDOWELL-N Share Price Target

MCDOWELL-N Share Price Target - Broker Reports - 2021

28-Jan-21
Price @ Call: 599.81
Target: 715
BUY

MCDOWELL-N Share Price Target - Broker Reports - 2020

5-Nov-20
Price @ Call: 510.1
Target: 650
BUY
28-May-20
Price @ Call: 565.8
Target: 650
BUY
The management remains cautiously optimistic on the resilience of the business and ability to adapt to the difficult situation. On the balance sheet front, the management has actively lowered net debt by ~Rs500 crore, even during a challenging FY20 (marred by general elections, economic slowdown and Coronavirus). Further, the management has dealt with higher input price inflation by managing its A&P, other expenses in FY20. Although concerns remain like uncertainty regards the pandemic, the management has displayed discipline and prudence when dealing with evolving customer needs. We value the stock at ~36x FY22 EPS to arrive at a target price of Rs650 and maintain our BUY rating. Key Financial Summary
... Read more
29-Jan-20
Price @ Call: 641.39
Target: 750
BUY
With a positive momentum building up in the P&A category, the management remains cautiously optimistic on the performance ahead. While in the short-term events such as excise hike in Telangana (| 20/bottle) or license fee hike in UP may impact growth, the longer term growth aspiration and ongoing premiumisation trend remain positives for the liquor sector. The management expects to deal with higher input price inflation by managing its A&P and other expenses. The management has guided at double digit revenue growth and mid to high teen margin over the medium term. However, concerns remain like the recent RTM changes in Andhra Pradesh and policies related to liquor ban. We value the stock at ~33x FY22 EPS to arrive at a target price of Rs 750 with a BUY rating.
... Read more
29-Jan-20
Price @ Call: 656.4
Target: 801
BUY
Despite (a) healthy earnings CAGR of 35.2% for the five years ending FY20 (since Diageo took control), (b) among the best-of-breed earnings outlook (~29.5% CAGR over the next two years) and (c) continued RoCE improvement, the stock trades in line with peers at 42.1x FY21E EPS. On our DCF calculations, we arrive at a target price of INR801, implying a 22% upside (effective target multiple of 40x Mar’22E EPS).
... Read more
14-Jan-20
Price @ Call: 584.45
Target: 720
BUY
Pioneer Distilleries is in the business of production and sales of ENA (from molasses as well as grains), malt spirits, IMFL and other allied products including bottling operations. It is 75% owned by USL, which as per the scheme of amalgamation (subject to approval from various stakeholders) would result in its merger with USL. As per the scheme, upon merger completion, Pioneer Distilleries’ non-promoter shareholders would receive 10 USL equity shares for 47 equity shares of Pioneer Distilleries. The merger would result in expansion of USL’s issued capital by 0.1% and reduce Diageo shareholding from 55.24% to 55.18%. The USL management has guided double digit revenue growth and mid to high teen margin over the medium term. We value the stock at ~46x FY21 EPS to arrive at a target price of Rs 720 with a BUY rating.
... Read more

MCDOWELL-N Share Price Target - Broker Reports - 2019

29-Oct-19
Price @ Call: 627.95
Target: 780
BUY
Overall numbers were ahead of our estimates. We bake in slightly higher margin and tax rate for FY20 as earlier envisaged. This has resulted in no change in our FY21/FY22E EPS. We expect the company to maintain its improved earnings growth track record and witness earnings growth of 32.8% for the period FY19- FY22E. We remain positive on the stock and maintain our Buy rating and a target price of Rs780, indicating an upside of 23% from the CMP.
... Read more
26-Oct-19
Price @ Call: 626.48
Target: 737
BUY
UNSP’s 2Q was weaker than expected. Liquor industry was impacted by slowdown, high base, flooding, liquidity stress in wholesale channel and stiff input costs. UNSP’s restructuring drive is visible, supporting margins despite several headwinds. We believe UNSP will continue to tighten the screws on overheads and benefit from premiumisation. We cut EPS estimates by 4-5% to factor miss in 2Q and value UNSP on Sep-21E EPS, arriving at a TP of Rs 737. Maintain BUY.
... Read more
25-Oct-19
Price @ Call: 626.48
Target: 720
BUY
The management expects to deal with higher input price inflation by managing its A&P, other expenses. The management has guided double digit revenue growth and mid to high teen margin over the medium term. However, concerns remain like the recent RTM changes in states like Andhra Pradesh and policies related to liquor ban. We value the stock at ~44x FY21 EPS to arrive at a target price of Rs 720 with a BUY rating.
... Read more
4-Jun-19
Price @ Call: 566.48
Target: 620
BUY
While it may appear the low hanging fruit in cost overheads may have been plucked, management seemed to think otherwise and believes there is scope for optimization. We remain bullish on the solid brands portfolio and while headwinds like AP prohibition will probably persist given the nature of industry, it would not derail the growth story of the consumer oriented business. ADD stays with 1-year PT of Rs620.
... Read more
29-Jul-19
Price @ Call: 592.2
Target: 650
BUY
Tightening the screws... UNSP’s performance was stellar despite impact of general elections. Restructuring drive and control on A&P spends during elections drove beat in EBITDA. We believe UNSP will continue to tighten the screws on overheads and benefit from premiumisation. This drives our 21% EBITDA growth over FY19-21E (vs. 21% CAGR over FY16-19). We value at 40x FY21E EPS with TP of Rs 650. Maintain BUY.
... Read more
25-Jul-19
Price @ Call: 579.65
Target: 675
BUY
Outlook and valuation: While the raw material costs and excise duty challenges may cause a setback in its performance in the medium term, the underlying fundamentals still remain intact. We envisage a pick-up in performance once the cost overhangs subside. We continue to remain keen about the growth in P&A segment and expect the price mix to keep improving on the back of the sustained premiumisation trend. We maintain Buy rating on the stock with minor revisions in our operating cost estimates with a TP of Rs675 based on a P/E multiple of 45x, indicating an upside of 17% from the current market price
... Read more
24-Jul-19
Price @ Call: 588.7
Target: 655
ACCUMULATE

We believe the high barriers to entry, inelastic demand, and perception as a long-term consumption play, together with transformation, through premiumisation, cost control, and de-leveraging, attract investors in UNSP. We believe in this. But, the persistent increase in per unit duties shift wallet share to government and is a structural risk. Accumulate, with TP of Rs 655 @ 40x FY21E standalone EPS, viz. Rs 632 plus Rs 23 for treasury shares/RCB etc.
... Read more
24-Jul-19
Price @ Call: 588.7
Target: 700
BUY
There has been no major change in forecasts after healthy results in a weak environment (due to the impact of elections on alcohol players). After single-digit EBITDA growth in both FY17 and FY18, operating performance improved sharply with double-digit sales growth and 25% EBITDA growth in FY19. Momentum seems likely to sustain in FY20 despite near-term gross margin pressures. The case for sustaining its target of double-digit sales growth and mid-to-high teens margins is getting stronger due to (a) major disruptions now appearing to be in the past, (b) continued mix improvement, (c) benefits of cost savings, and (d) faster pace of price increases obtained from state governments compared to the past. Better balance sheet management is another key trigger. Valuations of 35.5x FY21EPS and 21.9x FY21EV/EBITDA are at a slight discount to consumer peer average, despite better earnings visibility. Compared to alcohol peers, UBBL, UNSP’s valuations are at 25% and 10% discount on P/E and EV/ EBITDA, despite better earnings growth prospects and better ROCEs. Maintain Buy with DCF-derived TP of INR700.
... Read more
23-Jul-19
Price @ Call: 599
Target: 615
HOLD
The management expects to deal with higher input price inflation by managing its A&P, other expenses. The management has guided at double digit revenue growth and mid to high teen margin over the medium term. However, concerns remain like the recent intention of states like Andhra Pradesh to apply policies related to liquor ban. We value the stock at ~40x FY21 EPS to arrive at a target price of Rs 615 with a HOLD rating.
... Read more
4-Jun-19
Price @ Call: 566.48
Target: 635
BUY
31-May-19
Price @ Call: 547.79
Target: 660
BUY
While the raw material costs and excise duty challenges may a setback in its performance in medium-term, however, the underlying fundamentals still remain intact and we envisage a lift in performance once the cost overhangs subside. We continue to remain keen about the growth in P&A segment and anticipate a price mix to keep improving on back of sustained premiumisation trend. Maintain Buy rating on the stock with minor revisions in our estimates at a target price of Rs660 based on a P/E multiple of 45x, indicating an upside of 22% from current market levels.
... Read more
31-May-19
Price @ Call: 547.79
Target: 615
HOLD
The management expects to deal with higher input price inflation by managing its A&P, other expenses. They have maintained their guidance of double digit revenue growth and mid to high teen margin over the medium term. However, concerns remain like the recent intention of states like Andhra Pradesh to apply policies related to liquor ban. We value the stock at ~40x FY21 EPS to arrive at a target price of Rs 615 with a Hold rating.
... Read more
1-Apr-19
Price @ Call: 554.29
Target: 619
BUY
We estimate 10% revenue cagr on the back of strong traction from P&A segment revenues. We expect P&A revenue to post 12% and Popular segment to see ~6% cag rove FY19-21E. Operating Margin may continue to improve further and see around 17-17.5% for FY21. Strong revenues and robust margin expansion would drive 29% PAT growth over FY19-21E. Company has reduced its debt levels considerably over the past few years. Through sustained and focussed efforts over the last five years, Company has reduced debt by ~66% from ~Rs 8,500 crore to around Rs 3,000 crore. Debt portfolio diversification, and issuance of commercial papers and non-convertible debentures, together led to ~30% reduction in interest costs. For 9M FY19, Finance costs have further reduced 25% to Rs 153cr. This directly adds to company’s bottom line, which would boost earnings for USL. For H1 FY19, company reduced ~Rs 650cr debt and we estimate total debt to get reduced to ~Rs 1000cr or net D/E of ~0.2x in FY21. We recommend buy on the stock at cmp of Rs 549 and add on dips to Rs 513 with TP of Rs 619 over the 4 quarters. Our target price is based on a P/E multiple of ~40x FY21E earnings and ~25x EV/EBITDA.
... Read more
14-Mar-19
Price @ Call: 576.55
Target: 740
BUY
Although there are some margin challenges on the horizon, we do not envisage any major changes to our earnings estimates as premiumisation and productivity initiatives, in our opinion, would mitigate them to some extent. We have retained our Buy rating on the stock with a target price of Rs740, implying an upside of 27% from the current market price.
... Read more
28-Jan-19
Price @ Call: 551.8
Target: 740
BUY
28-Jan-19
Price @ Call: 551.8
Target: 619
NEUTRAL
28-Jan-19
Price @ Call: 551.8
Target: 700
BUY
25-Jan-19
Price @ Call: 559.5
Target: 620
NEUTRAL

MCDOWELL-N Share Price Target - Broker Reports - 2018

25-Jul-18
Price @ Call: 582.95
Target: 530
SELL
25-Jul-18
Price @ Call: 582.95
Target: 680
BUY
25-Jul-18
Price @ Call: 582.95
Target: 615
NEUTRAL
24-Jul-18
Price @ Call: 579.25
Target: 720
BUY
12-Jul-18
Price @ Call: 621.4
Target: 570
SELL
25-Jan-18
Price @ Call: 697.81
Target: 703
NEUTRAL

MCDOWELL-N Share Price Target - Broker Reports - 2017

3-Nov-17
Price @ Call: 620.3
Target: 488
SELL
30-Oct-17
Price @ Call: 605.88
Target: 700
BUY
10-Oct-17
Price @ Call: 476.15
Target: 640
BUY
16-Oct-17
Price @ Call: 483.6
Target: 532
BUY
5-Oct-17
Price @ Call: 479.93
Target: 412
SELL
25-Jul-17
Price @ Call: 530
Target: 600
BUY
2-Jun-17
Price @ Call: 460
Target: 540
BUY
23-Jan-17
Price @ Call: 2203
Target: 2885
BUY
24-Jan-17
Price @ Call: 2210
Target: 2700
BUY
23-Jan-17
Price @ Call: 2077.9
Target: 1900
SELL
24-Jan-17
Price @ Call: 2222
Target: 2400
BUY
20-Jan-17
Price @ Call: 2078
Target: 2403
HOLD

MCDOWELL-N Share Price Target - Broker Reports - 2016

28-Oct-16
Price @ Call: 2271.75
Target: 2250
SELL
1-Nov-16
Price @ Call: 2250
Target: 2700
BUY
28-Jul-16
Price @ Call: 2578.15
Target: 2400
SELL
Join FrontPage
FrontPage is India's favorite stock discussions community
Join 2,00,000 Indian traders and discuss trades, strategies, news & views on any stock.
  • MCDOWELL-N Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3652.47
    Upside Target 2647.73
    Upside Target 1642.87
    Pivot638.13
    Downside Target 1633.27
    Downside Target 2628.53
    Downside Target 3623.67
  • MCDOWELL-N Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3737.23
    Upside Target 2712.82
    Upside Target 1698.13
    Pivot673.72
    Downside Target 1659.03
    Downside Target 2634.62
    Downside Target 3619.93
  • MCDOWELL-N Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3768.1
    Upside Target 2726.05
    Upside Target 1693.85
    Pivot651.8
    Downside Target 1619.6
    Downside Target 2577.55
    Downside Target 3545.35
  • MCDOWELL-N Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3647.73
    Upside Target 2644.07
    Upside Target 1641.8
    Pivot638.13
    Downside Target 1634.47
    Downside Target 2632.2
    Downside Target 3628.53
  • MCDOWELL-N Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3712.82
    Upside Target 2697.88
    Upside Target 1688.65
    Pivot673.72
    Downside Target 1658.78
    Downside Target 2649.55
    Downside Target 3634.62
  • MCDOWELL-N Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3726.05
    Upside Target 2697.69
    Upside Target 1680.16
    Pivot651.8
    Downside Target 1623.44
    Downside Target 2605.91
    Downside Target 3577.55
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
DISCLAIMER: Information is provided "as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and FrontPage will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.
PrivacyTerms
FrontPage © 2020