117.95 -2.25 (-1.87%)
NSEOct 23, 2020 03:31 PM
The 2 reports from 2 analysts offering long term price targets for Ester Industries Ltd. have an average target of 115.50. The consensus estimate represents a downside of -2.08% from the last price of 117.95.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-09-30||Ester Industries Ltd.||Khambatta Securities||73.95||131.00||73.95 (59.50%)||11.06||Buy|
|2020-09-01||Ester Industries Ltd.||Ashika Research||64.20||100.00||64.20 (83.72%)|
During COVID-19 crisis, packaging business was least impacted as people are more preferring packaged food in order to maintain hygiene and safety. Management expects, domestic demand for polyester packaging to grow in between 12-14% going ahead, which could be a phenomenal demand growth....
|2018-07-03||Ester Industries Ltd.||ICICI Securities Limited||46.25||46.25||46.25 (155.03%)||Target met||Sell|
ICICI Securities Limited
Ester Industries (Ester) reported a healthy Q4FY18 performance. Net sales for the quarter were at | 220 crore, up 11.7% YoY. EBITDA in Q4FY18 was at | 22.7 crore with corresponding EBITDA margin of 10.3%. Consequent PAT in Q4FY18 was at | 5.6 crore. Q4FY18 marks a turnaround quarter resurfacing double digit EBITDA margins, best in the last 10 quarters. PAT of ~| 6 crore is also the highest in the last 12 quarters. However, the management has revised its downward its guidance in the quite essential speciality polymer segment, which was the key driver of growth for Ester...
|2018-03-16||Ester Industries Ltd.||ICICI Securities Limited||68.40||90.00||68.40 (72.44%)||Buy|
|2018-02-15||Ester Industries Ltd.||Rudra Shares and Stock Brokers Ltd||65.00||113.00||65.00 (81.46%)||Buy|
Moving from commoditized business to technology based business
Rudra Shares and Stock Brokers Ltd
Company's vision going forward is to achieve a revenue target of ` 1700-2000 cr by 2022 & at `