MOIL Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for MOIL, BSE:533286 MOIL Ltd.

MOIL Ltd.

15 Nov 2017

327.80

1.71%

MOIL (2QFY18): Strong pricing drives numbers. Downgrade to NEUTRAL

Neutral: MOIL Ltd.

HDFC Securities

Downgrade to NEUTRAL, with a TP of Rs 237 (5.5x Sep-19 EV/EBITDA). MOIL reported yet another strong quarter (EBITDA: Rs 1.17bn, (3.9)% QoQ, not comparable YOY, est Rs 1.44bn). The miss against estimates was primarily on account of lower volumes (265kT, (14.8)/ (13.7) % YoY/QoQ, est 311kT). The strong performance continues to be driven by pricing (Rs 10,404/t, 80.7/8.1% YoY/QoQ).

Number of FII/FPI investors decreased from 168 to 144 in Sep 2025 qtr

MOIL Ltd.

14 Aug 2017

327.80

1.71%

MOIL - 1QFY18 Result Update

Buy: MOIL Ltd.

Reliance Securities

Volume Enthuses but Margin Disappoints; Reiterate BUY MOIL has reported a mixed performance in 1QFY18. While blended sales realisation increased by 51.5% YoY (down 14.9% QoQ) to Rs9,628/tonne (missing our estimate of Rs9,809/tonne), sales volume rose by 20.9% YoY and 42.1% QoQ to 3.07 lakh tonne topping our estimate of 2.75 lakh tonne. Notably, the impact of price cuts undertaken in Jan-Feb'17 was felt in 1QFY18. Further, MOIL liquidated substantial inventory in 1QFY18, as the production at 2.68 lakh lagged sales by a decent margin. Though its EBITDA remained sequentially flat (up 388% YoY) to Rs1.21bn (vs. our estimate of Rs1.5bn), EBITDA margins fell by 1,247bps QoQ to 35.7% (vs. our...

MOIL Ltd. has an average target of 397.33 from 3 brokers.

MOIL Ltd.

12 Aug 2017

327.80

1.71%

MOIL (1QFY18): Strong quarter, despite the miss. Maintain BUY

Buy: MOIL Ltd.

HDFC Securities

We maintain our recommendation and TP of 445/sh (5.0x June 19 EV/EBITDA). MOIL's revenues were ahead of estimates (5.6% beat), driven by better volumes (307 kT, 20.9% YoY, 42.1% QoQ). However, EBITDA missed estimates (Rs 1.21bn vs est 1.61bn, 3.5x/flat YoY/QoQ), owing to lower realisations (Rs 9,628/t, 49.9/-14.9% YoY/QoQ, est Rs 11,739), higher other expenses and employee costs (12.4/2.2% YoY/QoQ). Inventory liquidation (39kT, mostly lower grades) drove lower realisations and higher sales volumes. Despite the miss, this is another strong quarter, given the Rs 1.2bn EBITDA run-rate. The board declared a 1:1 bonus as well.

MOIL Ltd. is trading below all available SMAs

MOIL Ltd.

06 Jun 2017

327.80

1.71%

MOIL - 4QFY17 Result Update

Buy: MOIL Ltd.

Reliance Securities

Mixed Quarterly Performance; Volume to Remain Strong MOIL has reported a mixed performance in 4QFY17. Its blended sales realisation zoomed 119% YoY and 20.4% QoQ to Rs11,309/tonne (vs. our estimate Rs9,250), while sales volume fell by 43% YoY and 38% QoQ to 2.16 lakh tonne vs. our estimate of 3.55 lakh tonne. Notably, MOIL liquidated substantial inventory in 3QFY17, as production at 2.72 lakh lagged sales by a wide margin. Though its EBITDA declined by 7% QoQ to Rs1.21bn (vs. Rs57mn loss in 4QFY16), EBITDA margins rose by 1,134bps YoY to 48.2% (vs. our estimate of 39.8%). Adjusted PAT surged by 442% YoY and 14.2% QoQ to Rs1.15bn (vs. our estimate of Rs1.28bn) despite other income rising...

MOIL Ltd. is trading below all available SMAs

MOIL Ltd.

02 Jun 2017

327.80

1.71%

MOIL (4QFY17): Another strong quarter, more to come. Maintain BUY

Buy: MOIL Ltd.

HDFC Securities

MOIL continued its strong delivery (EBITDA: Rs1.22bn, -11% QoQ, YoY Not comparable due to loss). Non-fines pricing was stronger QoQ (Rs 13,474/t 2.4x YoY, 29% YoY) and this could likely be due to a better mix. Volumes were lower than estimates (216kT, -43% YoY, -39% QoQ), as MOIL pricing was higher than imports for a considerable period in the quarter, before it could respond to sharp global pricing changes.

MOIL Ltd. has an average target of 397.33 from 3 brokers.

MOIL Ltd.

02 Jun 2017

327.80

1.71%

Revenue stood at Rs 2.53 bn (+20%/+29% YoY), significantly lower than our estimates of R...

Buy: MOIL Ltd.

Emkay

Revenue stood at Rs 2.53 bn (+20%/+29% YoY), significantly lower than our estimates of Rs 3.7 bn primarily on lower sales volume of 0.22 mt vs our estimate of 0.32 mt. Blended realizations stood at Rs 11,410/ tonne,more than 2x YoY and up 22% QoQ EBITDA came at Rs 1.22 bn, (vs Rs 57 mn loss in Q4FY16/-7% QoQ). This was lower than our estimate of Rs 1.5 bn. EBITDA margin however improved to 48%, up 1134 bps QoQ. Blended EBITDA/ tonne stood at Rs 5637, c. 50% higher on QoQ basis YoY and 66% QoQ to Rs 660 mn. Declared final dividend of Rs 6 per share takes total dividend to be Rs 11/share for FY17, highest so far...

MOIL Ltd. is trading below all available SMAs

MOIL Ltd.

06 Apr 2017

327.80

1.71%

MOIL (Update): Bottom in sight? Maintain BUY

Buy: MOIL Ltd.

HDFC Securities

MOIL has cut prices for its April deliveries by 15% (for grades higher than 44% Mn) and 10% (for others). This was expected, as its prices were at a premium to global prices. Benchmark (44% Mn, CIF China) prices slipped to USD 4.15/dmtu in March-end from USD9 in early January.

MOIL Ltd. has an average target of 397.33 from 3 brokers.

MOIL Ltd.

16 Feb 2017

327.80

1.71%

MOIL - 3QFY17 Result Update

Buy: MOIL Ltd.

Reliance Securities

Sales volumes zoomed by 154% YoY and 12% QoQ to 348,000 tonne. The global manganese ore prices remained under pressure in CY15 and 1HCY16 due to oversupply, but measures i.e. downsizing production and planned shut-down of high-cost mines aided the prices to stabilize. Further, increased demand in China and improved sentiment also helped manganese ore prices, which started recovering significantly. Global manganese ore prices have almost trebled since Aug'16. Due to strong demand in China, overseas offers for India fell sharply which helped the domestic prices benefiting MOIL, being the supplier of...

Number of FII/FPI investors decreased from 168 to 144 in Sep 2025 qtr

MOIL Ltd.

15 Feb 2017

327.80

1.71%

MOIL (3QFY17): Windfall quarter. Maintain BUY

Buy: MOIL Ltd.

HDFC Securities

MOIL delivered strong numbers in 3QFY17 (Revenue/EBITDA 4/9x YoY to Rs 3.55/1.37 bn respectively). This was driven by both strong pricing (Rs 9,365, 65.1% YoY, 62.7% QoQ) and volumes (348 kT, 155.9% YoY, 11.9% QoQ). Supplies from South Africa were restricted due to rail bottlenecks, while traders in Chinese ports stocked up.

MOIL Ltd. is trading below all available SMAs

MOIL Ltd.

25 Jan 2017, 12:00AM

327.80

1.71%

MOIL Ltd - OFS

MOIL Ltd.

ICICI Securities Limited

share, wherein retail investor will get 5% discount on the cut-off price. *Based on floor price, 10% equity stake sale Post the OFS, out of the three promoters, the stake of Government of...

MOIL Ltd. is trading below all available SMAs

Is MOIL Ltd. worth buying?

362 Votes:

Buy 79.28%

Sell 11.6%

Hold 9.12%

RESEARCH REPORTS

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