1 NAVINFLUOR share price target reports by brokerages below. See what is analyst's view on NAVINFLUOR 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.
We continue to remain positive on NFIL on the back of a) revival in CRAMS BU b) fresh investments to kick into the specialty chemicals BU c) positive contribution from JV with Piramal. NFIL has a clean balance-sheet with cash and equivalents to the tune of 2.2bn and an expected OCF generation of 3.4bn over FY20-21E. We believe NFIL is expected to fund the capexthrough accruals and drive RoCE’s upward of 15% in FY21E. Given the recent correction in the stock price and compelling valuations, NFIL is trading at 14.2x FY21E EPS at the CMP. We recommend investors to buy NFIL. We have a target price of 834/share (SOTP – EV/EBITDA based valuation tabulated in exhibit 1.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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