55.25 -1.10 (-1.95%)
NSEJul 10, 2020 15:31
The 1 reports from 1 analysts offering long term price targets for Triveni Engineering & Industries Ltd. have an average target of 100.00. The consensus estimate represents an upside of 81.00% from the last price of 55.25.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-02-06||Triveni Engineering ..||ICICI Securities Limited||79.40||100.00||79.40 (-30.42%)||81.00||Buy|
ICICI Securities Limited
The company is holding 4.76 lakh tonnes of sugar at | 30.4/kg whereas current sugar prices are prevailing at | 33.5/kg, translating to | 140 crore sugar profits siting in inventory. With the 1.5 lakh tonnes of exports & 0.9 lakh tonnes of monthly sales quota for January, February & March each, Triveni is expected to sell close to 4 lakh tonnes of sugar in Q4FY20. We expect sugar inventory reduction of more than 1 lakh tonnes in FY20E vis-vis FY19. This would result in cash flow from operations of | 680 crore in FY20E. Moreover, we expect higher monthly sales quota for UP sugar mills till the start of crushing season 2020-21. This would result in further...