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SKFINDIA Share Price Target
SKF India Ltd.
Sector: Engineering
Sector: Engineering
SKFINDIA Share Price *
1,902.55 +1.05 (0.06%)
* (quote may be delayed)
SKFINDIA Share Price Forecast - Consensus
| No. of reports in last year | 3 |
| No. of analysts | 2 |
| Average Consensus Forecast | 1880.00 |
| Consensus Potential | -2.72% |
SKFINDIA Share Price Target - Broker Reports - 2019
ICICIdirect.com
25-Jul-19
Price @ Call: 1895
Target: 1565
REDUCE
Valuation & Outlook: Weakness in auto sales is expected to act as a spoilsport on the performance of bearing companies like SKF. Being the largest bearings supplier (~28% market share) with significant auto exposure (45-50% of sales), auto demand remains a key overhang. Capital investment plans for FY20E are expected in the range of | 80-130 crore depending on the near term automotive segment performance. There has been a robust pick-up in industrial performance. However, the resultant increase in traded goods would cap margins and, hence, potential upside. In addition, declining topline growth is expected to result in negative operating leverage. Accordingly, we expect sales and EBITDA CAGR of 4.2%, 2.2%, respectively, in FY19-21E. We value the company at 24x P/E on FY21E EPS to arrive at a target price of | 1565/share. We revise our recommendation on the stock to REDUCE.
ICICIdirect.com
12-Feb-19
Price @ Call: 1921
Target: 2050
HOLD
Karvy Stock Broking
12-Feb-19
Price @ Call: 1921
Target: 2025
HOLD
SKFINDIA Share Price Target - Broker Reports - 2018
ICICIdirect.com
27-Jul-18
Price @ Call: 1638.25
Target: 2070
BUY
Edelweiss
27-Jul-18
Price @ Call: 1638.25
Target: 2142
BUY
Edelweiss
10-May-18
Price @ Call: 1820.1
Target: 2132
BUY
ICICIdirect.com
10-May-18
Price @ Call: 1820.1
Target: 2225
BUY
Edelweiss
15-Feb-18
Price @ Call: 1792.05
Target: 2146
BUY
SKFINDIA Share Price Target - Broker Reports - 2017
ICICIdirect.com
22-Dec-17
Price @ Call: 1754.69
Target: 2225
BUY
ICICIdirect.com
31-Oct-17
Price @ Call: 1647
Target: 1850
BUY
Edelweiss
31-Oct-17
Price @ Call: 1647
Target: 1867
BUY
ICICIdirect.com
2-Aug-17
Price @ Call: 1560
Target: 1800
BUY
Edelweiss
1-Aug-17
Price @ Call: 1550
Target: 1876
BUY
Edelweiss
30-May-17
Price @ Call: 1565
Target: 1716
BUY
Edelweiss
15-Feb-17
Price @ Call: 1422
Target: 1770
BUY
SKFINDIA Share Price Target - Broker Reports - 2016
ICICIdirect.com
28-Oct-16
Price @ Call: 1420
Target: 1585
BUY