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MRPL Price Target Potential

BrokerageTargetPotential
Motilal Oswal48-16.77%

MRPL Ratings

Long term MRPL rating by FrontPage users
NaN/5 ( Ratings)

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

MRPL Share Price Target - Broker Reports - 2022

Price @ Call: 42
25-Mar-22
Target: 48
NEUTRAL

MRPL Share Price Target - Broker Reports - 2021

Price @ Call: 34.57
3-Feb-21
Target: 36
ADD

MRPL Share Price Target - Broker Reports - 2020

Price @ Call: 32.61
11-Jun-20
Target: 40
BUY

MRPL Share Price Target - Broker Reports - 2019

Price @ Call: 47.2
5-Dec-19
Target: 49
NEUTRAL
Given subdued global oil demand and incremental capacity addition, GRMs will likely remain suppressed for a few more months. Originally,it was expected that the INR 150 bphase-III expansion would generate ~USD8/ bbl of GRM when SG GRM is at USD6/bbl. However, MRPL’s GRM has not always been good on a sustainable basis – at times it has been hit by water woes and at times by technical issues. Factoring in the GRM weakness, were vise down our FY20/21 GRM estimate to USD1.7/5.0/bbl from USD2.7/5.3/bbl. Additionally, we forecast a GRM of USD5.5/bbl and utilization of 113% in FY22. MRPL trades at 6.0x FY22E EPS of INR7.7 with an RoE of 12.5%. Valuing the stock at 5x EV/EBITDA, we assign INR53 to the standalone business. Subtracting the valuation of OMPL (INR4/share loss), we arrive at a TP of INR49 for MRPL (from earlier INR59/share). Maintain Neutral.
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Price @ Call: 52.05
4-Oct-19
Target: 55
ADD
Price @ Call: 63.65
15-May-19
Target: 70
ADD
Price @ Call: 64.12
26-Feb-19
Target: 75
BUY
We have revised our earnings lower to reflect weak GRMs, rupee appreciation and inventory losses. However, lower operating cost, and lower working capital requirement resulting in lower interest cost which will partly mitigate the negative impact. Hence, we now expect MRPL to report an EPS of Rs.-1.6/share in FY19E (earlier Rs.-0.7) and an EPS of Rs.9.4/share in FY20E (earlier Rs.10). At current price, the stock is trading at 6.8x P/E and 0.9x P/B multiples on FY20E earnings. We maintain BUY on MRPL with a revised price target of Rs.75 (earlier Rs.92), valuing it at 5.5x FY20E EV/EBIDTA. Going ahead, we expect MRPL’s profitability to improve on account of i). Improved product mix, ii). Better refining margins iii). Economies of scale, iv). Forward integration - Polypropylene plant and v). Various tax benefits.
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Price @ Call: 65.35
11-Feb-19
Target: 81
BUY
Price @ Call: 66.35
8-Feb-19
Target: 75
BUY
Price @ Call: 66.35
8-Feb-19
Target: 77
BUY
Price @ Call: 68.75
22-Jan-19
Target: 86
BUY
Price @ Call: 71.95
8-Jan-19
Target: 92
BUY

MRPL Share Price Target - Broker Reports - 2018

Price @ Call: 84.64
14-Nov-18
Target: 87
NEUTRAL
Price @ Call: 80.88
14-Aug-18
Target: 95
BUY
Price @ Call: 83.45
13-Aug-18
Target: 106
BUY
Price @ Call: 82.3
13-Aug-18
Target: 88
NEUTRAL
Price @ Call: 84.69
3-Aug-18
Target: 88
NEUTRAL
Price @ Call: 82.5
2-Aug-18
Target: 98
BUY
Price @ Call: 105.02
18-May-18
Target: 130
BUY
Price @ Call: 105.6
17-May-18
Target: 132
BUY
Price @ Call: 105.9
16-May-18
Target: 120
NEUTRAL
Price @ Call: 117.35
5-Feb-18
Target: 140
BUY

MRPL Share Price Target - Broker Reports - 2017

Price @ Call: 122.15
15-Nov-17
Target: 138
BUY
Price @ Call: 122.15
15-Nov-17
Target: 110
SELL
Price @ Call: 122
29-Sep-17
Target: 155
BUY
Price @ Call: 134.95
15-Sep-17
Target: 155
BUY
Price @ Call: 127
21-Jul-17
Target: 113
REDUCE
Price @ Call: 122
24-Jul-17
Target: 150
BUY
Price @ Call: 136
19-May-17
Target: 150
BUY
Price @ Call: 112
8-Feb-17
Target: 122
HOLD

MRPL Share Price Target - Broker Reports - 2016

Price @ Call: 88
9-Nov-16
Target: 110
BUY
Price @ Call: 92
20-Oct-16
Target: 110
BUY
Price @ Call: 84
6-Sep-16
Target: 98
BUY
Price @ Call: 82
8-Sep-16
Target: 98.6
BUY
Price @ Call: 83
7-Sep-16
Target: 105
BUY
Price @ Call: 82.55
7-Sep-16
Target: 97
BUY
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