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NDL Share Price Target

Nandan Denim Ltd.
NSE: NDL | BSE: 532641 | ISIN: INE875G01030 | Sector: Textiles

NDL Rating

1/5 (2 Ratings)
NDL Share Price *
20.15 -0.9 (-4.28%)
* (quote may be delayed)

1 NDL share price target reports by brokerages below. See what is analyst's view on NDL 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.


You can also find NDL share price target tomorrow or next week from NDL discussion forum.

NDL Share Price Forecast - Consensus
No. of reports in last year
1
No. of analysts
1
Average Consensus Forecast
41.00
Consensus Potential
48.66%

NDL Share Price Target - Broker Reports - 2019

7-Jun-19
Price @ Call: 45.45
Target: 41
SELL
Due to the uncertainty in the time frame regarding he narrowing of demand and supply, we have factored in realization (near to the realizations seen over FY14-15) and volume growth on a conservative basis (~4% in the period FY19-21E). Thesubsidy and GST credit benefits continue to keep the bottomline in a safety zone inthe current scenario. The stock trades at a 1 year forward P/E of 6.6x. On the back of low growth and return ratios expectation, we value the stock at a P/E 5x (above average -1sd (3.5x) over the last 5 years) on FY21E EPS of Rs. 8.1 and arrive at a target price of Rs. 41. Key risks are faster than anticipated pickup in demand and softening of cotton prices.
... Read more

15-Feb-19
Price @ Call: 42.7
Target: 40
SELL
Our estimates indicate a RoCE of 8.6% and 9.3% for FY20E/21E, which is below the WACC of 9.4% resulting in target valuation at a steep discount to its last 5 year average multiple. Adding to the woes of demand is increase in cotton prices, which will further impact margins. As a result, we expect a margin decline of 379 bps in FY19 on YoY basis resulting in EPS degrowth of 53% over the same period. The subsidy and GST credit benefits continue to keep the bottomline in a safety zone in the current scenario. With longer period expected for the supply demand mismatch to narrow, we lower our target valuation to 5.5x on FY21E EPS of Rs. 7.3. Key risks are faster than anticipated pickup in demand and softening of cotton prices.
... Read more

NDL Share Price Target - Broker Reports - 2017

10-Jan-17
Price @ Call: 117
Target: 140
BUY

  • NDL - Share Price Target Potential

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    BrokerageTargetPotential
    Karvy Stock Broking4148.66%
  • NDL Share Price Target Today- Technical Pivot Points (Classic)

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    Upside Target 323.48
    Upside Target 222.72
    Upside Target 121.88
    Pivot21.12
    Downside Target 120.28
    Downside Target 219.52
    Downside Target 318.68
  • NDL Share Price Target weekly- Technical Pivot Points (Classic)

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    Upside Target 325.07
    Upside Target 223.43
    Upside Target 122.07
    Pivot20.43
    Downside Target 119.07
    Downside Target 217.43
    Downside Target 316.07
  • NDL Share Price Target monthly- Technical Pivot Points (Classic)

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    Upside Target 345.33
    Upside Target 240.32
    Upside Target 135.68
    Pivot30.67
    Downside Target 126.03
    Downside Target 221.02
    Downside Target 316.38
  • NDL Share Price Target today- Technical Pivot Points (Fibonacci)

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    Upside Target 322.72
    Upside Target 222.11
    Upside Target 121.73
    Pivot21.12
    Downside Target 120.51
    Downside Target 220.13
    Downside Target 319.52
  • NDL Share Price Target weekly- Technical Pivot Points (Fibonacci)

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    Upside Target 323.43
    Upside Target 222.29
    Upside Target 121.58
    Pivot20.43
    Downside Target 119.29
    Downside Target 218.58
    Downside Target 317.43
  • NDL Share Price Target monthly- Technical Pivot Points (Fibonacci)

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    Upside Target 340.32
    Upside Target 236.63
    Upside Target 134.35
    Pivot30.67
    Downside Target 126.98
    Downside Target 224.7
    Downside Target 321.02
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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