4 VINATIORGA share price target reports by brokerages below. See what is analyst's view on VINATIORGA 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 32.0x FY20e E EPS of Rs 81.39. The company faces huge p than 75% of revenues come from sales of A overcome this challenge, the company is c products to widen its product portfolio growth. Buttressed by a pipeline of new pr takefromitsexistingproducts,especiallyAT nearly 20% this fiscal. On balance, we advic target of Rs 2523 (previous target: Rs 1799) b a period of 9-12 months.
Post an underwhelming performance in 1QFY20, we cut our EPS estimates for FY20/21E and arrive at a TP of Rs 1,986/share based on a 25x Jun-21E EPS. We maintain NEUTRAL.VO has been commanding a premium in valuations due to an impeccable history of product selection and best in class return ratios (ROE and RoIC for FY20/21E will be 27.6/25.1 and 26.3/27.2%). However, we expect ATBS volume growth to taper and blended margins to correct with increase in the share of low-margin Butyl phenols. With the PAP project back to laboratory testing and no other products in the pipeline, we maintain NEU on VO.
We continue to remain positive on Vinati Organics earnings trajectory given commissioning of the new ATBS and Butyl Phenols capacity. With the addition of Butyl phenols, Vinati Organics is expected to report lower than historic blended EBITDA margins (Butyl phenol EBITDAM: 15%) in FY21 and beyond. This coupled with the given guidance of 15% earnings growth in FY20E we have cut our FY20/FY21E earnings by 4.9/4.8%. We continue to value VO at 27x FY21 earnings with a revised target price and rating of 2,052. We recommend investors to accumulate Vinati Organics.
Besides, the company will add Butylated Phenols to its product basket. This too, will drive volume growth in FY20/21. VO has been commanding a premium in valuations due to an impeccable history of product selection, best in class return ratios (ROE and RoIC for FY20/21E will be 27.9/26.5 and 26.1/28.6%). Therefore, we value Vinati Organics at 25x Mar’21 EPS with a target price of Rs 2,034/share.We maintain BUY on Vinati Organics (VO) after beat on our estimates. Our target is Rs 2,034sh (25x Mar-21E standalone EPS).
The stock currently trades at 31.7x FY19 FY20e EPS of Rs 56.22. The company faces risk (75% of revenues come from sales of to overcome this challenge, the company i new products to widen its product por future growth. Buttressed by pipeline o demand off take from its existing pro expect revenues to grow in excess of balance, we advice accumulating the st (previous target: Rs 1209) based on 32x F of 9-12 months.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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