2 TTKPRESTIG share price target reports by brokerages below. See what is analyst's view on TTKPRESTIG 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.
Over the years, TTK Prestige has maintained balance sheet prudence with stringent control on working capital cycle. TTK continues to carry substantial free cash that would enable it to navigate through tough macro environment. We lower revenue growth along with margins to factor in the negative outcome owing to Covid-19 (Note: Covid-19 is still at an early stage and the quantum of impact can only be assessed in coming quarters). We reiterate BUY on the stock with a revised TP of | 4810 (26.0x FY22E EPS).
During the quarter the company has reported subdued numbers both on top-line and bottom-line. However, the company is confident to achieve healthy profitability on the back of new product launches (in pipeline for the festive season), revival in rural demand coupled with acquisition. Hence, we maintain buy on the company with target price of Rs 6,638.
At CMP the stock trades at 38.7X & 33.5X FY20E & FY21E respectively. We are valuing the company at 35XFY21E EPS to arrive at a target price of INR 7,079 and maintain MARKET PERFORMERrating.
We have maintained our earnings estimates in view of robust revenue outlook and stable operating margin in view of robust M9 performance. We expect TTK to report a CAGR of~16%/23% in revenue/ earnings over FY18-20E. The stock is currently trading at 36x its FY2020 earnings. After our initiation in August 2018, the stock has given decent appreciation of 22% and now looks fairly valued. Hence, we maintain Accumulate and target price of Rs 8200 (38x FY2020E EPS).
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
DISCLAIMER: Information is provided "as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and FrontPage will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.