0 MENONBE share price target reports by brokerages below. See what is analyst's view on MENONBE 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.
At CMP of Rs. 76, MBL is trading at 14.3x to FY20E EPS. While maintaining our positive view on the company owing to capacity enhancements, de-risking of product mix & healthy profitability margins vs the industry, we ascribe a multiple of 22.0x to FY20E EPS (5 year average of one year forward PE) and retain “BUY” rating for a target price of Rs. 115. Threat of counterfeit products which mainly cater to aftermarket segment (10% of Menon revenues) along with slowdown in industrial & automotive segments especially tractor & CV sales may pose risk to the call.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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