345.90 -10.20 (-2.86%)
129.2K NSE+BSE Volume
NSEJun 16, 2021 03:31 PM
The 1 reports from 1 analysts offering long term price targets for Avadh Sugar & Energy Ltd. have an average target of 195.00. The consensus estimate represents a downside of -43.63% from the last price of 345.90.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-11-19||Avadh Sugar & Energy.. +||ICICI Securities Limited||179.60||195.00||179.60 (92.59%)||Target met||Hold|
ICICI Securities Limited
With lower diversion of sugarcane towards B heavy molasses and higher sugarcane crushing in season 2019-20, the company is holding large sugar inventories (3.1 lt). Though the debt is down from ~| 1600 crore to ~ | 1350 crore in the last one year, it is still very high (debt-equity at 2.5x). We believe Avadh would need to export large quantities of sugar in the next year and also add new distillery capacity (either B heavy or sugarcane juice route) to...