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NRBBEARING Share Price Target
NRB Bearings Ltd.
Sector: Engineering
Sector: Engineering
NRBBEARING Share Price *
92.1 -0.1 (-0.11%)
* (quote may be delayed)
NRBBEARING Share Price Forecast - Consensus
| No. of reports in last year | 4 |
| No. of analysts | 2 |
| Average Consensus Forecast | 171.25 |
| Consensus Potential | 38.18% |
NRBBEARING Share Price Target - Broker Reports - 2019
ICICIdirect.com
31-Oct-19
Price @ Call: 111.05
Target: 85
REDUCE
With a dip in growth expected in FY20E and sluggish environment overall, we expect revenue, EBITDA and PAT to de-grow 6.5%, 20.1% and 24.1% CAGR, respectively, in FY19-21E. We expect the recovery to be modest in FY21E but the timing of the same is difficult to envisage. On the whole, lower asset turns and volatile margins will negatively impact RoCEs, which are expected to decline to 12.3% in FY21E from 21% in FY19. The current valuations at 17.1x FY21E P/E mostly capture a recovery in auto demand and leave no upside. We value NRB at ~15x FY21E earnings to arrive at a target price of | 95/share. We have a REDUCE rating (earlier HOLD) on the stock.
ICICIdirect.com
4-Jun-19
Price @ Call: 170.8
Target: 185
HOLD
With growth moderation expected in FY20E, we expect revenue, EBITDA and PAT to grow at 9.8%, 8.1% and 4.3% CAGR, respectively, in FY19-21E. NRB has executed a capex of ~Rs 50 crore in FY19. The company currently operates at utilisation levels of ~80%. For FY20-21E, NRB has planned a capex ~| 100-150 crore. Debt levels have gone up from ~Rs 173 crore in FY18 to ~Rs 260 crore in FY19. Going ahead, debt levels’ working capital management will be the key monitorable. We value NRB at ~15x FY21E earnings to arrive at a target price of Rs 185 per share. We have a HOLD recommendation on the stock.
Karvy Stock Broking
13-Feb-19
Price @ Call: 190.85
Target: 200
HOLD
ICICIdirect.com
7-Feb-19
Price @ Call: 186.45
Target: 215
BUY
NRBBEARING Share Price Target - Broker Reports - 2018
ICICIdirect.com
13-Nov-18
Price @ Call: 184.16
Target: 215
BUY
HDFC Securities
5-Nov-18
Price @ Call: 166.1
Target: 217
BUY
HDFC Securities
14-Aug-18
Price @ Call: 179.3
Target: 217
BUY
ICICIdirect.com
10-Aug-18
Price @ Call: 178.82
Target: 215
BUY
HDFC Securities
23-May-18
Price @ Call: 159.29
Target: 217
BUY
Karvy Stock Broking
28-Feb-18
Price @ Call: 161.99
Target: 190
BUY
NRBBEARING Share Price Target - Broker Reports - 2017
ICICIdirect.com
15-Nov-17
Price @ Call: 142.9
Target: 170
BUY
ICICIdirect.com
10-Oct-17
Price @ Call: 121
Target: 160
BUY
ICICIdirect.com
17-Aug-17
Price @ Call: 118.1
Target: 130
HOLD
HDFC Securities
9-Jun-17
Price @ Call: 133.95
Target: 161
BUY
ICICIdirect.com
29-May-17
Price @ Call: 118
Target: 123
HOLD
NRBBEARING Share Price Target - Broker Reports - 2016
ICICIdirect.com
15-Nov-16
Price @ Call: 115
Target: 120
HOLD
Nirmal Bang
20-Jun-16
Price @ Call: 113.62
Target: 133
BUY
ICICIdirect.com
27-May-16
Price @ Call: 115
Target: 124
HOLD