0 TALWGYM share price target reports by brokerages below. See what is analyst's view on TALWGYM share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
The stock currently trades at 4.9x FY19e EPS of Rs 23.80 and 3.9x FY20e EPS of Rs 30.06. Multi-ownership format of diversified gym business (Talwalkars gym, premium format gyms, HiFi, PWG, Snap Franchise gyms) with a strong presence – 252 gyms across 84 cities as on Dec 31st, 2018 - would help it post topline growth of CAGR 12.8% during FY18-20 period. Favorable long term prospects of the industry aided by low levels of gym penetration, rising disposable income levels and growing awareness about lifestyle diseases among the adult age group bodes well for Talwalkars, which would drive earnings growth at a CAGR of 16.0% over the next two fiscals. Yet, increase in competition and rise in debt due to aggressive expansion strategy – plans are afoot to add 25-30 centres per year and enhance presence in top 10-12 cities- cannot be overlooked. On balance, we recommend ‘buying’ the stock with target price of Rs 150 (previous target Rs 165) based on 5.0x FY20e EPS of Rs 30.06 over a period of 9-12 months.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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