Analysts have raised their price target for Allied Blenders and Distillers from ₹637.5 to ₹701.67. This change primarily reflects improved profit margin forecasts, despite modest revenue growth expectations and a slight increase in the discount rate.
What's in the News
- The Madras High Court ruled in favor of Allied Blenders and Distillers, dismissing a trademark cancellation petition filed against the company and allowing its counter-petition. This ruling strengthens its intellectual property position (Key Developments).
- The company inaugurated a new PET bottle manufacturing facility in Telangana with a capacity of over 600 million bottles annually. This move is aimed at improving supply chain efficiency and profitability (Key Developments).
- Allied Blenders and Distillers appointed Mr. Jayantt Bhalchandra Manmadkar as Chief Financial Officer, succeeding Mr. Anil Somani. Mr. Manmadkar brings over 32 years of leadership and financial expertise to the company (Key Developments).
- A prior tax demand of INR 149.8 million under the Central Sales Tax Act was extinguished following a successful appeal and the submission of documentation to authorities (Key Developments).
- The company scheduled a board meeting to review unaudited financial results and held a special shareholders meeting via postal ballot (Key Developments).
Valuation Changes
- Consensus Analyst Price Target has increased from ₹637.5 to ₹701.67, reflecting higher anticipated valuations.
- Discount Rate has risen slightly from 12.73% to 12.76%, signaling a marginal change in perceived risk or cost of capital.
- Revenue Growth forecast has fallen significantly from 17.23% to 12.95%.
- Net Profit Margin is projected to increase from 8.40% to 9.06%, implying improved profitability expectations.
- Future P/E ratio is expected to rise from 61.42x to 63.49x, suggesting higher anticipated earnings multiples.
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