Patel Engineering Share Price Target 2023, 2024, 2025, 2030 in future? Is Patel Engineering stock a good buy for long-term investment? Is it the right time to buy the Patel Engineering stock?
Friends, today we will try to predict in this article what could be the Patel Engineering Share Price Target in the future. But before that, let us have a look at the business model of the company and its financial condition.
Patel Engineering Ltd.'s business dailies
Patel Engineering Ltd. is a leading company in the construction sector. The company is a very old one in this sector. The company was established in 1949. Presently, Mr. Rupen Patel Ji is the Chairman and Managing Director of the company.
The company is engaged in the construction of dams, bridges, tunnels, roads, and other types of heavy civil engineering works in the irrigation and water supply, hydro, urban infrastructure, and transportation sectors. The company's business is spread across 17 states of the country, but most of it is spread over Madhya Pradesh, Himachal Pradesh, and Jammu and Kashmir.
The company currently has an order book of Rs 18,300 crore. The company is continuously working on new projects in collaboration with its associate companies. At present, there are 67 associate companies associated with the company.
If we talk about the customers of the company, then big names like NTPC, NHPC, NHAI, Satluj Jal Vidyut Nigam Limited, and ISKCON are included.
Rail Vikas Nigam Ltd RVNL share price target in future
Suzlon energy share price target 2023, 2025, 2030 in future
If we take a look at the financial condition of the company, the company's sales have seen a compound Sales Growth of 13% in the last three years, but this year the company's sales have seen a jump of 34%. This year, the net profit of the company has also been seen coming from minus to plus, and due to the good OPM of 15%, the company's net profit has seen a jump of up to 35%, which is good news for the company and the company's share holders. Is.
If we talk about the debt of the company, then a debt of Rs 2200 crore is seen on the company, while the company has a free cash flow of Rs 2420 crore.
If we talk about the shareholding pattern of the company, the promoter has reduced his holding from 54.62% to 39.11% in the recent past, and the promoter has pledged 99% of his shares. Which is not good news for the shareholders of the company in any case. In addition, the public holding in the company is 36.82%, and DIIS and FIIS holdings are 13.90% and 2.92%, respectively.
After understanding the business model of the company and the financial condition of the company, a thought must be coming to your mind about whether we should invest in the stock of the company for the short term or the long term. So let's go ahead in this article and try to guess what could be the Patel Engineering Share Price Target in future.
Sportking India share price target 2023, 2025, 2030 in future
JSW Steel Share Price Target 2023, 2024, 2025, 2030
Patel Engineering Share Price Target 2023?
The company is in the construction sector, and the company is continuously getting good orders, so this year the company is seeing a good growth in sales, and the net profit of the company is also seeing a good increase.
If we talk about Patel Engineering share price target 2023, then according to our analysis, in the year 2023, Patel Engineering's share price maximum can be seen at 55 to 60 rupees. By the way, a good rally has been seen in the stock, so profit booking from higher levels can also be seen in the stock.
Patel Engineering Share Price Target 2025
The company management is trying to spread its business in India as well as in foreign countries, but so far it has not had much success in this. Currently, only 7% of the company's total revenue comes from overseas.
If we talk about the Patel Engineering share price target of 2025, then according to our analysis, in the year 2025, the average price of Patel Engineering shares can reach 70 and the maximum price can reach 85 rupees.
Patel Engineering Share Price Target 2030
If we talk about the long-term price target of the company's stock, then the construction sector will see rapid growth in the coming years. The benefit of which will be visible to the company as well. But the competition in the construction sector will increase in the future.
Considering the diluting promoter holding in the company, we are of the view that the company's stock will not give you significant returns in the near future.
Jubilant food share price target in future
Is Patel engineering share a good buy for long-term investment?
At this time, Patel Engineering's share price has seen good growth. The market cap of the company is very low, so the stock of the company is seen as low. hat's why there will be a lot of volatility in the stock. Taking the price of such penny stocks to a high level, the operators sell all their shares, and the retail investors get trapped in them. That's why we should invest money in penny stocks very thoughtfully and in a small amount only.
FAQs:-
1. What is the market cap of the Patel engineering company?
Presently, the market cap of the company is hovering around Rs 3000 crore.
2. What are the ROE and ROCE of patel engineering company?
The ROE of the company is 3.90%, and the ROCE is 12.2%.
3. What is the face value, book value, and P/E ratio of the company's stock?
The face value of the company's stock is Rs 1, and the book value price is Rs 32. The P/E ratio of the company's stock is 19.83.
Friends, we hope that the information given by us in this article will definitely help you in understanding the business model of the company and in estimating the future share price target of the company's stock.
Note: Friends, the information given in this article has been taken from the internet and social media, so before buying stock in any company, do complete research on that company or consult your financial advisor. Take it, thank you.