Motilal Oswal expects Maruti to hit Rs 14,000; here's Q4FY18 results preview
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On Friday, Maruti Suzuki will report the financial performance for the January – March 2018 quarter (Q4FY18) and the full financial year 2017-18 (FY18).
The automobile sector, which witnessed a healthy sales growth in FY18 led by higher demand from rural markets and the fast-growing SUV segment, should continue to do well in the new fiscal year (FY19) as well, analysts say.
On Friday, Maruti Suzuki will report the financial performance for the January – March 2018 quarter (Q4FY18) and the full financial year 2017-18 (FY18).
The automobile sector, which witnessed a healthy sales growth in FY18 led by higher demand from rural markets and the fast-growing SUV segment, should continue to do well in the new fiscal year (FY19) as well, analysts say.
Maruti Suzuki has underperformed the markets thus far in calendar year 2018 (CY18) by falling around 8% as compared to 0.4% rise in the Nifty50 and around 4% fall in the Nifty Auto index, ACE Equity data shows.
Analysts expect the earnings upgrade cycle for Maruti to continue in FY19 as well, driven by higher volumes and margins.
"Our FY19/20 consolidated earnings per share (EPS) is higher by 5% / 13% than the consensus, led by higher margins. The stock trades at 26x/20.1x FY19/20E consolidated EPS. Maintain 'buy' with a one-year target price of Rs 10,525. Over 3 years, we estimate total return of 15.3% CAGR with target price of Rs 14,213," says an analyst tracking the company with Motilal Oswal Research in a recent report.
Meanwhile, here's what leading brokerages expect from Maruti's Q4FY18 numbers due later on Friday.
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