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SONATSOFTW Share Price Target

Sonata Software Ltd.
Sector: Information Technology
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SONATSOFTW Share Price *
298.3 +2.95 (1%)
* (quote may be delayed)
SONATSOFTW Share Price Forecast - Consensus
No. of reports in last year
10
No. of analysts
3
Average Consensus Forecast
420.75
Consensus Potential
29.70%

SONATSOFTW Share Price Target - Broker Reports - 2019

Reliance Securities
31-Oct-19
Price @ Call: 319.44
Target: 420
BUY

Reliance Securities
19-Aug-19
Price @ Call: 321.17
Target: 395
BUY
We like SSOF’s differentiated business model, focus on IP and platforms, high dividend yield, quality balance sheet, high RoE and no equity dilution for the past several years. We expect the Microsoft alliance to be a key growth driver going forward. Given its platform focus, investments made in IP and S&M, decent cash generation and reasonable valuation, coupled with healthy growth, we believe there exists good legroom for upside. Following the recent 12% stock price correction, the stock trades at a reasonable valuation of 11x FY21E EPS. We maintain our BUY recommendation on the stock with a Target Price of Rs395.
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ICICIdirect.com
9-Aug-19
Price @ Call: 336.43
Target: 410
BUY
Scaling of IP led revenues, rising proportion of digital and enhancing Microsoft 365 capabilities through selective acquisitions are key positives. Further, healthy margin profile in IT services business (compared to Tier-II IT companies), healthy cash balance and better payout ratio (~65% of PAT) would keep its dividend yield attractive (~4.0%). This, coupled with attractive valuation (trading at 11x FY21E EPS) prompts us to maintain our BUY rating on the stock with a revised target price of | 410 (i.e. 14x FY21E EPS).
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HDFC Securities
8-Jul-19
Price @ Call: 357.91
Target: 421.5
BUY
A wider customer base that is acquired over the years, offers SSL a strategic expansion potential within the existing accounts. These factors should see SSL sustain its strong growth and profitability trends. We have estimated 9% revenue cagr over FY19-21E led by strong 14% increase from IITS revenues. DPS revenues may see 5% cagr over FY19-21E along with 20bps margin expansion. Strong 9% revenues growth along with 60bps margin expansion would drive 12% cagr in PAT over the same period. We recommend investors to buy Sonata at CMP of Rs 351 and add on dips to the Rs.322 for sequential target price of Rs.394 (13x FY21E EPS) and Rs 449 (15x FY21E EPS) over the next 4 quarters.
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Reliance Securities
31-May-19
Price @ Call: 356.9
Target: 420
BUY
We like Sonata’s differentiated business model, focus on IP and platforms, high dividend yield, quality balance sheet, high RoE and no equity dilution for the past several years. Given the company’s platform focus, investments made in IP and S&M, decent cash generation and reasonable valuation, coupled with healthy growth, we envisage enough legroom for further upside, despite the strong stock performance over the past year. We maintain our BUY recommendation on the stock with an unchanged Target Price of Rs420.
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ICICIdirect.com
31-May-19
Price @ Call: 356.9
Target: 415
BUY
Rising proportion of digital, IP led revenues, and enhancing Microsoft 365 capabilities through selective acquisitions are key positives. In addition, the company has hired people in leadership position to drive digital revenues. We believe this will be revenue and margin accretive in the long term. Further, healthy cash balance and better payout ratio (~65-70% of PAT) would keep its dividend yield attractive (~4.0%). This coupled with attractive valuation (trading at 12x FY21E EPS) prompts us to maintain our BUY rating on the stock with a revised target price of Rs 415 (i.e. 14x FY21E EPS).
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Reliance Securities
14-Mar-19
Price @ Call: 330
Target: 420
BUY
We like Sonata’s differentiated business, quality balance sheet, high RoE and lack of equity dilution for last 17 years . IP business will remain the key differentiator for Sonata, which will drive IP-led revenue and boosting pricing power. ‘Platformation’ strategy we believe will take some time before its effects are seen in the form of stickier client relationships and higher contract value. We expect the Microsoft alliance to be the key growth driver, going forward. Sonata has already carried out 2 acquisitions recently through internal accruals. We expect Sonata’s acquisitive streak to continue. We maintain our BUY recommendation on the stock with a target price of Rs 420.
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Reliance Securities
11-Feb-19
Price @ Call: 327.01
Target: 420
BUY

HDFC Securities
11-Feb-19
Price @ Call: 331
Target: 466
BUY

SONATSOFTW Share Price Target - Broker Reports - 2018

Reliance Securities
17-Dec-18
Price @ Call: 318.8
Target: 420
BUY

ICICIdirect.com
13-Nov-18
Price @ Call: 333.61
Target: 400
BUY

Prabhudas Lilladher
6-Nov-18
Price @ Call: 316.59
Target: 410
BUY

Prabhudas Lilladher
20-Aug-18
Price @ Call: 363.9
Target: 390
BUY

ICICIdirect.com
17-Aug-18
Price @ Call: 354.9
Target: 420
BUY

HDFC Securities
16-Aug-18
Price @ Call: 357.31
Target: 375
BUY

HDFC Securities
23-May-18
Price @ Call: 337.11
Target: 380
BUY

Prabhudas Lilladher
8-Feb-18
Price @ Call: 288.99
Target: 325
BUY

SONATSOFTW Share Price Target - Broker Reports - 2017

ICICIdirect.com
21-Nov-17
Price @ Call: 221.93
Target: 260
BUY

Prabhudas Lilladher
14-Nov-17
Price @ Call: 186.75
Target: 230
BUY

AnandRathi
21-Aug-17
Price @ Call: 157.15
Target: 220
BUY

HDFC Securities
17-Aug-17
Price @ Call: 161.25
Target: 200
BUY

AnandRathi
24-Jul-17
Price @ Call: 162
Target: 220
BUY

HDFC Securities
13-Feb-17
Price @ Call: 197
Target: 244
BUY

HDFC Securities
7-Feb-17
Price @ Call: 194
Target: 239
BUY

SONATSOFTW Share Price Target - Broker Reports - 2016

HDFC Securities
19-Dec-16
Price @ Call: 183
Target: 212
BUY

  • SONATSOFTW - Share Price Target Potential

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    BrokerageTargetPotential
    Reliance Securities42029.68%
    ICICIdirect.com41027.96%
    HDFC Securities421.529.93%