Tata Metaliks Ltd. share price target and research reports

Name: Latest research reports of Tata Metaliks Ltd. authored by ICICI Direct and published by - Trendlyne research reports.
Item: Tata Metaliks Ltd.
Rating: 3
Author: ICICI Direct

Latest analyst research reports with target prices and PDF download for TATAMETALI, BSE:513434 Tata Metaliks Ltd.

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Tata Metaliks Ltd.

18 Jan 2023

Tata Metaliks

Hold: Tata Metaliks Ltd.

Target

ICICI Direct

Tata Metaliks Ltd.

19 Oct 2022

Tata Metaliks

Hold: Tata Metaliks Ltd.

Target

ICICI Direct

Tata Metaliks Ltd.

20 Jul 2022

Monarch Networth - Tata Metaliks - One-off quarter; Strong recovery ahead - Company Update

Buy: Tata Metaliks Ltd.

Target

Monarch Networth Capital Limited

Tata Metaliks Ltd.

15 Jul 2022

Tata Metaliks

Hold: Tata Metaliks Ltd.

Target

ICICI Direct

Tata Metaliks Ltd.

18 Jan 2022

Tata Metaliks

Hold: Tata Metaliks Ltd.

Recommendation Target

ICICI Securities Limited

Ensuing PAT was at | 36 crore (down 52% YoY and 35% QoQ) What should investors do? TML's share price has given a return of ~152% over the last five years (from ~| 344 in January 2017 to ~| 866 levels in January 2022). We downgrade to stock from BUY to HOLD Target Price and Valuation: We value TML at | 975 i.e. 6.5x FY23E EV/EBITDA...

Tata Metaliks Ltd.

17 Jan 2022

Tata Metaliks - Company Update - Cost headwinds to rise; DI pipe thesis intact

Buy: Tata Metaliks Ltd.

Target

Monarch Networth Capital Limited

Cost headwinds to rise; DI pipe thesis intact We lower our TP to Rs1330 (Rs1440 previously) and re-iterate BUY rating on Tata Metaliks (TML). We have lowered FY23 estimates to account for delay in commissioning of phase 2 of DI pipe expansion (now expected in 3Q/4QFY23). The performance in 3QFY22 was subdued due to inflation in coking coal/ coke and iron ore cost, further deteriorated due to instability of blast furnace post the maintenance shutdown. Operating profit is expected to remain weak in 4QFY22 mainly due to coking coal cost pressure. We expect a turn-around starting 1QFY23 when the high price Ductile Iron (DI) pipe contracts kick in along with...

Tata Metaliks Ltd.

16 Jul 2021

Tata Metaliks

Buy: Tata Metaliks Ltd.

Target

ICICI Securities Limited

EBITDA was at of | 154 crore (vs. | 143 crore in Q4FY21, | 10 crore in Q1FY21). EBITDA margin was at 25.5%, up 380 bps QoQ, 2060 bps YoY Ensuing PAT was at | 95 crore (up 26% QoQ) past five years (from ~| 340 in July 2016 to ~| 1265 levels in July 2021). The first phase of DI pipe capacity expansion (of ~1 lakh tonne) is likely to be commissioned in Q4FY22. Second phase is likely to be commissioned in Q4FY23 (of ~1 lakh tonne). Post commissioning of both phases, TML would...

Tata Metaliks Ltd.

16 Apr 2021

Tata Metaliks

Buy: Tata Metaliks Ltd.

Target

ICICI Securities Limited

Q4FY21 was marked by a sharp increase in prices of key raw materials. Q4FY21 witnessed a steep rise in domestic iron ore prices by ~20-30% mainly due to supply constraint in Odisha from merchant mines. Furthermore, domestic coke prices in Eastern India increased ~22% QoQ, caused by limited availability, as merchant coke plants contracted for exports to avail better realisation. Despite a notable increase in prices of key raw materials, TML was able to report relatively steady EBITDA margin for the quarter. For Q4FY21, EBITDA margins were at 21.7% (23.1% in Q4FY20,...

Is Tata Metaliks Ltd. worth buying?

139 Votes:

Buy 72.66%

Sell 14.39%

Hold 12.95%