|
10 Sep 2025 |
CCL Products
|
Consensus Share Price Target
|
917.50 |
951.78 |
- |
3.74 |
buy
|
|
|
|
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21 Jun 2021
|
CCL Products
|
Axis Direct
|
917.50
|
385.00
|
347.50
(164.03%)
|
Target met |
Buy
|
|
|
We recommend BUY with TP of Rs. 385/share.
|
|
24 May 2021
|
CCL Products
|
Axis Direct
|
917.50
|
385.00
|
327.80
(179.90%)
|
Target met |
Buy
|
|
|
Given the fair visibility on volume, and earnings growth we raise our multiple to 20x FY23E EPS (17x earlier) thus revising our TP to Rs. 385 (Rs. 325 earlier). Maintain BUY.
|
|
23 May 2021
|
CCL Products
|
IDBI Capital
|
917.50
|
336.00
|
364.70
(151.58%)
|
Target met |
Accumulate
|
|
|
CCL Product's Q4FY21 net sales was in line with our estimate while EBIDTA was 15% above our estimate. Net sales increased by 25.3% YoY to Rs3,316 mn on improvement in offtake. EBIDTA grew 20.5% YoY to Rs852 mn led by higher sales. However, sharp...
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|
29 Jan 2021
|
CCL Products
|
Axis Direct
|
917.50
|
325.00
|
238.75
(284.29%)
|
Target met |
Buy
|
|
|
. We retain our TP of Rs. 325 continuing to value it at at 17x FY23E EPS. Maintain BUY.
|
|
21 Oct 2020
|
CCL Products
|
Axis Direct
|
917.50
|
325.00
|
244.65
(275.03%)
|
Target met |
Buy
|
|
|
We maintain BUY retaining our TP of Rs 325, continuing to value the stock at 18x its FY22E P/E multiple.
|
|
08 Oct 2020
|
CCL Products
|
CD Equisearch
|
917.50
|
326.00
|
254.40
(260.65%)
|
Target met |
Buy
|
|
|
|
|
14 Sep 2020
|
CCL Products
|
Axis Direct
|
917.50
|
283.00
|
272.25
(237.01%)
|
Target met |
Buy
|
|
|
CCL Products (CCLP) is the largest manufacturer and exporter of private label Instant coffee in India with a total manufacturing capacity of 35k tonnes. CCLP's 25 years experience in the industry and expertise in customized coffee blends
|
|
17 Jun 2020
|
CCL Products
|
Axis Direct
|
917.50
|
267.00
|
237.70
(285.99%)
|
Target met |
Buy
|
|
|
Despite a flat revenue growth at Rs 265Crs YoY (lower than our estimate Rs 283 Crs) in Q4FY20, CCL Products (CCLP) posted a robust GM expansion at 58.8% (1343 bps expansion YoY)on back of higher share of freeze dried coffee (FDC).
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|
05 Jun 2020
|
CCL Products
|
Axis Direct
|
917.50
|
225.00
|
216.55
(323.69%)
|
Target met |
Buy
|
|
|
We recommend a BUY on CCL PRODUCTS with a Target Price of Rs 225 an upside of 7% from CMP of Rs. 209 and Stop Loss Rs 201.
|
|
26 Mar 2020
|
CCL Products
|
Axis Direct
|
917.50
|
198.00
|
171.95
(433.59%)
|
Target met |
Buy
|
|
|
According to our recent interaction with CCLP management, although the business has not seen any production halts or order cancelations until first half of March,2020, delayed dispatches to its exporting countries (~90% of revenue) could limit its topline growth in Q4FY20.
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