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PEL Share Price Target

Piramal Enterprises Ltd.
Sector: Pharmaceuticals and health care
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PEL Share Price *
1,907.05 +3.55 (0.19%)
* (quote may be delayed)
PEL Share Price Forecast - Consensus
No. of reports in last year
4
No. of analysts
2
Average Consensus Forecast
2507.25
Consensus Potential
23.17%

PEL Share Price Target - Broker Reports - 2019

Geojit Financial Services
29-Aug-19
Price @ Call: 1918.57
Target: 2119
BUY
We believe the ongoing growth momentum will continue to support upside potential for the company. We value the stock using (SOTP) valuation methodology (based on P/B for Financials and P/E multiples for other businesses) and rate it a BUY with a price target of Rs. 2,119.
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Motilal Oswal
31-Jul-19
Price @ Call: 1786.8
Target: 2400
BUY
In the current environment, PIEL is focused on (areducing its key large exposures such as Lodha, Wadhwa and Omkar, (b)lowering the share of short-term borrowings and (c) diversifying the loan mix to retail / lower risk assets. The company also plans to raise capital to reduce leverage. Moderating the growth estimates and higher costs, we cut our core PBT estimate by 15-18% for FY20/21. Key risk to our estimates could stem from changes in regulatory norms for NBFCs and outlook for real estate. Our revised SOTP based TP is INR 2,400.
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Motilal Oswal
29-Jan-19
Price @ Call: 2162.45
Target: 2775
BUY
Valuation view: In the current environment, PIEL is better placed to raise capital due to (a) lower leverage on the balance sheet – NBFC business at ~4.5x and consolidated debt to equity of <2x, (b) strong relations in the banking system and (c) high corporate governance reputation. PIEL has demonstrated its ability to roll over the CP without impacting growth. The share of CP in overall borrowings has come down to 15% from 18% a quarter ago. PIEL has strong liquidity on the balance sheet of INR54b+. We largely maintain estimates over FY18-21. We bake in loan CAGR of ~28% over FY18-21, with marginal moderation in margins and an increase in credit cost. Our PAT CAGR in FS business stands at ~24% during the same period. Key risk to our estimates could stem from any change in regulatory norms for NBFCs and large default in real estate financing, if any. Our Dec’20E SOTP-based target price stands at INR2,775. Maintain Buy.
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PEL Share Price Target - Broker Reports - 2018

Motilal Oswal
15-Nov-18
Price @ Call: 2281
Target: 2735
BUY
Focus on maintaining liquidity and tracking early warning signals. PIEL has also been reducing its dependence on short-term borrowings and targets to reduce the quantum of Commercial Papers (CPs) from INR59b in 2QFY19 to INR35b by end-3QFY19. The company also has adequate liquidity amounting to ~INR76b on the balance sheet. We maintain our EPS estimates. Our September 2020 SOTP-based TP is INR2,735. Buy.
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Motilal Oswal
14-Sep-18
Price @ Call: 3009.51
Target: 3685
BUY
Global pharma business margins improving; Efficient capital allocation. PIEL has the distinction of being one of the few companies in India to generate 25%+ book value CAGR over the past 25+ years. We believe the company has it in its DNA to incubate and grow the businesses in niche segments. We believe there is a long runway to cross in the financial services business. Reiterate Buy with a TP of INR3,685 (September-2020 SOTP based).
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Motilal Oswal
31-Aug-18
Price @ Call: 3233.94
Target: 3685
BUY

Indiabulls Ventures
1-Aug-18
Price @ Call: 2674.9
Target: 3165
BUY

Motilal Oswal
31-Jul-18
Price @ Call: 2664.1
Target: 3125
BUY

Motilal Oswal
30-May-18
Price @ Call: 2358.61
Target: 3300
BUY

Motilal Oswal
30-Jan-18
Price @ Call: 2787.12
Target: 3500
BUY

Motilal Oswal
23-Jan-18
Price @ Call: 2821.5
Target: 3500
BUY

PEL Share Price Target - Broker Reports - 2017

Arihant Capital Markets
16-Oct-17
Price @ Call: 2740
Target: 3350
BUY

Motilal Oswal
3-Oct-17
Price @ Call: 2625.1
Target: 3266
BUY

Motilal Oswal
19-May-17
Price @ Call: 2814
Target: 3044
BUY

PEL Share Price Target - Broker Reports - 2016

Dynamic Levels
28-Sep-16
Price @ Call: 1910
Target: 2400
BUY

  • PEL - Share Price Target Potential

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    BrokerageTargetPotential
    Geojit Financial Services2,11910.17%
    Motilal Oswal2,40020.69%