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VTL Share Price Target

Vardhman Textiles Ltd.
Sector: Textiles
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VTL Share Price *
908.05 -9.35 (-1.02%)
* (quote may be delayed)
VTL Share Price Forecast - Consensus
No. of reports in last year
3
No. of analysts
1
Average Consensus Forecast
1096.67
Consensus Potential
15.83%

VTL Share Price Target - Broker Reports - 2019

ICICIdirect.com
3-Dec-19
Price @ Call: 910
Target: 1100
BUY
After a subdued FY20, we expect revenues to grow 8% in FY21E to | 7617 crore as the expanded capacity is likely to attain optimum utilisation level. We expect the EBITDA margin to rebound in FY21 due to lower input cost and stable yarn/fabric realisations. In spite of being in a capital intensive business, Vardhman has continuously maintained debt equity ratio below 1. The focus of the management would be on converting more yarn to fabric, which would lend better stability to EBITDA margin. The stock has declined 17% in the last six months owing to subdued financial performance. However, we believe VTL’s performance will improve in FY21 owing to revival in revenue growth and better EBITDA margins. Hence, we upgrade the stock to BUY rating with a target price of Rs 1100 (8x FY21E EPS).
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ICICIdirect.com
19-Aug-19
Price @ Call: 914.3
Target: 990
HOLD
We expect revenues to grow at a CAGR of 5% in FY19-21E to | 7511 crore as the expanded capacity is likely to come on stream in Q2FY20. In spite of being in a capital intensive business, Vardhman has continuously maintained debt equity ratio below 1. Also, it has a strong balance sheet that would enable it to pursue calibrated growth opportunities. Themanagement’s focus would be on converting more yarn to fabric, whichwould lend better stability to EBITDA margin. We expect the EBITDA margin to be range bound at 16-17% for FY20E, FY21E. We have a HOLD rating on the stock with a target price of | 990 (PE of 8x FY21 EPS).
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ICICIdirect.com
8-Feb-19
Price @ Call: 1040.05
Target: 1200
BUY

VTL Share Price Target - Broker Reports - 2018

Centrum
27-Aug-18
Price @ Call: 1114.82
Target: 1269
ACCUMULATE

ICICIdirect.com
16-Aug-18
Price @ Call: 1147
Target: 1200
BUY

Centrum
22-Mar-18
Price @ Call: 1250.19
Target: 1482
ACCUMULATE

Centrum
6-Mar-18
Price @ Call: 1313.2
Target: 1482
ACCUMULATE

VTL Share Price Target - Broker Reports - 2017

Centrum
21-Aug-17
Price @ Call: 1171.29
Target: 1370
ACCUMULATE

Centrum
5-Apr-17
Price @ Call: 1349
Target: 1641
ACCUMULATE

VTL Share Price Target - Broker Reports - 2016

ICICIdirect.com
18-Nov-16
Price @ Call: 1068.75
Target: 1190
BUY

Kotak Securities
17-Oct-16
Price @ Call: 1068.9
Target: 1190
BUY

ICICIdirect.com
26-Aug-16
Price @ Call: 990
Target: 1100
BUY

  • VTL - Share Price Target Potential

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    BrokerageTargetPotential
    ICICIdirect.com1,10016.60%