1190.40 -29.75 (-2.44%)
NSEOct 29, 2020 03:31 PM
The 14 reports from 5 analysts offering long term price targets for Vinati Organics Ltd. have an average target of 1017.33. The consensus estimate represents a downside of -14.54% from the last price of 1190.40.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2019-01-31||Vinati Organics Ltd.||Geojit BNP Paribas||1570.00||1783.00||1570.00 (-24.18%)||Target met||Accumulate|
Geojit BNP Paribas
Vinati Organics Ltd (VOL) enjoys global leadership in two speciality chemicals, with market share of 70% in IBB and 80% in ATBS. Revenue and PAT grew by 63% & 123% YoY led by strong volume growth in ATBS and demand uptick from other segments. EBITDA margins improved by 830bps YoY to 35.1% due to strong volume growth and higher contribution from ATBs. We expect the current growth momentum to continue led by pick-up in demand from IBB and customised products....
|2019-01-30||Vinati Organics Ltd.||HDFC Securities||1568.10||1840.00||1568.10 (-24.09%)||Target met||Buy|
We are valuing Vinati Organics 25xDec'20 EPS with a revised target price of Rs 1,840. Vinati Organics (VO) reported another strong quarter with Sales/EBITDA/PAT coming in at Rs 3.03bn/1.06bn/ 707mn growing at 63.2/113.6/122.8% YoY respectively. VOs planned expansion in ATBS and Butylated Phenols is going as per schedule
|2018-11-02||Vinati Organics Ltd.||Geojit BNP Paribas||1499.00||1606.00||1499.00 (-20.59%)||Target met||Hold|
Geojit BNP Paribas
EBITDA margins improved by 900bps YoY to 37.7% due to better product mix and benefits from scale. Limited competition in ATBS, pick-up in demand from IBB and customised products, we expect current growth momentum to continue. Robust demand outlook for ATBS and launch of new products in next 12 years has significantly improved future outlook. We upgrade our earnings estimates by 18% & 16% for FY19 & FY20E to factor in impressive earnings in Q2FY19. Given strong earnings outlook and RoE of 26% (last 5yrs), we maintain...
|2018-10-31||Vinati Organics Ltd.||Chola Wealth Direct||1552.10||1730.00||1552.10 (-23.30%)||Target met||Buy|
|2018-10-29||Vinati Organics Ltd.||HDFC Securities||1400.00||1700.00||1400.00 (-14.97%)||Target met||Buy|
We are valuing Vinati Organics 25xSept'20 EPS with a revised target price of Rs 1,700. We upgrade our rating to Buy. Vinati Organics (VO) reported a strong set of numbers with Sales/EBITDA/PAT coming in at Rs 2.53bn/Rs 9.5bn/Rs 650mn growing at 57.3/107.3/123.1% respectively. VO reported the highest ever quarterly EBITDA margin of 37.7% (expansion of 9.0 percentage points YoY).
|2018-09-17||Vinati Organics Ltd.||Rudra Shares and Stock Brokers Ltd||1319.00||1520.00||1319.00 (-9.75%)||Target met||Buy|
|2018-08-28||Vinati Organics Ltd.||Edelweiss||1462.00||1462.00 (-18.58%)||Pre-Bonus/|
|2018-08-13||Vinati Organics Ltd.||Geojit BNP Paribas||1323.95||1384.00||1323.95 (-10.09%)||Target met||Hold|
Geojit BNP Paribas
Vinati Organics Ltd (VOL) enjoys global leadership in two speciality chemicals, with market share of 70% in IBB and 80% in ATBS. Revenue and PAT grew by 43.9% YoY & 107% YoY led by strong traction in ATBS and customised products. EBITDA margins improved by 740bps YoY to 34.7% due to better product mix and benefits of scale. Led by robust demand for IBB & ATBS in FY19E and pick-up in customised products, we expect current growth momentum to continue....
|2018-08-07||Vinati Organics Ltd.||HDFC Securities||1200.00||1170.00||1200.00 (-0.80%)||Target met||Neutral|
Due to the persistent rally in the stock (up 20%) post results, we downgrade to Neutral from Buy, with no change in P/E multiple and a revised TP of Rs 1,170. Vinati Organics (VO) is off to a spectacular start in FY19, VO has reported Sales/EBITDA/PAT growth of 43.6/82.8/106.6% YoY to Rs 2.64/0.92/0.64bn. PAT, adjusting for forex gain of Rs 90mn in the other income is at Rs 583 mn.
|2018-08-06||Vinati Organics Ltd.||Rudra Shares and Stock Brokers Ltd||1183.35||1320.00||1183.35 (0.60%)||Target met||Buy|
Rudra Shares and Stock Brokers Ltd
The demand for ATBS is very strong. As crude/oil price increases the demand for ATBS alslo increases, which gives pricing power to the company. For, FY19 demand in 2-Acrylamido 2 Methylpropane Sulfonic Acid (ATBS) would lead to sales...