2 VSSL share price target reports by brokerages below. See what is analyst's view on VSSL 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.
VSSL is undertaking capacity expansion wherein by H1FY21 it plans to increase the steel melting shop capacity to 240000 tonnes, rolling mill capacity to 220000 tonnes and bright bar capacity to 50000 tonnes. The capex incurred for the same is ~| 200 crore. VSSL reported healthy volume growth of ~15% during FY13-18. Likewise, going forward, we believe the company will swiftly reap the benefits of expansion and report a volume CAGR of ~9.2% in FY18-21E. We value the stock at 6x FY21E EV/EBITDA and arrive at a target price of | 130. We have a BUY recommendation on the stock
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.