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OCCL Share Price Target

Oriental Carbon & Chemicals Ltd.
Sector: Tyres
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OCCL Share Price *
1,070 -7 (-0.65%)
* (quote may be delayed)
OCCL Share Price Forecast - Consensus
No. of reports in last year
5
No. of analysts
2
Average Consensus Forecast
1334.40
Consensus Potential
19.28%

OCCL Share Price Target - Broker Reports - 2019

Axis Direct
2-Aug-19
Price @ Call: 1021.86
Target: 1343
BUY
OCCL is among the top three players globally (10% market share) and the market leader domestically (60-65% market share) in the production of Insoluble Sulphur (IS). Ithas a marquee customer base and is well positioned to benefit from this oligopolistic market. Margins continue to remain robust and its balance sheet is very strong with low debt and healthy cash surplus. IS demand looks set to increase with growing radialization, growth in tyre industry and reduced imports. OCCL, being the largest manufacturer of IS in India, is set to benefit encashing the increased demand and has already put capacity expansion plans in place. We expect revenues and PAT to grow at a CAGR of 9% and 11% respectively over FY19-21E. We maintain BUY with a target price of Rs. 1343.
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Axis Direct
23-May-19
Price @ Call: 1152.7
Target: 1343
BUY
OCCL is among the top three players globally and the market leader domestically in the production of Insoluble Sulphur (IS). It is well positioned in an oligopolistic market with marquee customer base, robust margins,strong balance sheet and cash surplus. With reduced tyre imports and growing radialization, the domestic tyre industry is expected to grow which would lead to increased demand for Insoluble Sulphur. We have introduced FY21E numbers and with OCCL encashing the increased demand, we expect revenues and PAT to grow at ~9% and 13% respectively. We maintain BUY with a target price of Rs. 1343.
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Axis Direct
13-Feb-19
Price @ Call: 1073.9
Target: 1343
BUY

ICICIdirect.com
4-Feb-19
Price @ Call: 1198.08
Target: 1300
BUY

OCCL Share Price Target - Broker Reports - 2018

Axis Direct
15-Nov-18
Price @ Call: 1128.36
Target: 1343
BUY

ICICIdirect.com
16-Jan-18
Price @ Call: 1333.1
Target: 1550
BUY

OCCL Share Price Target - Broker Reports - 2017

ICICIdirect.com
7-Jul-17
Price @ Call: 1150
Target: 1400
BUY

Centrum
30-Jun-17
Price @ Call: 975.4
Target: 1140
BUY

AnandRathi
1-Jun-17
Price @ Call: 998.7
Target: 1142
BUY

ICICIdirect.com
31-Mar-17
Price @ Call: 900
Target: 1125
BUY

Centrum
17-Feb-17
Price @ Call: 861
Target: 1090
BUY

OCCL Share Price Target - Broker Reports - 2016

Centrum
8-Nov-16
Price @ Call: 746
Target: 990
BUY

ICICIdirect.com
8-Nov-16
Price @ Call: 770
Target: 930
BUY

  • OCCL - Share Price Target Potential

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    BrokerageTargetPotential
    Axis Direct1,34319.81%
    ICICIdirect.com1,30017.15%