Rashi Peripherals Ltd Limited share price target 2024, 2025, 2026 to 2030

In this article, we delve into a comprehensive analysis of Rashi Peripherals Ltd share price targets for the years 2024, 2025, 2026, 2027, 2030, 2040, and 2050. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.

About

RPL stands out as a premier national distribution partner for renowned global technology brands in India, specializing in information and communications technology (“ICT”) products. It boasts one of India’s most extensive distribution networks for ICT products, solidifying its position as a leader in the industry.

Founded	1989
Listing Date	14 Feb 2024
Sector	IT- Hardware
Headquarters	Mumbai
Official Website	rptechindia.com

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Financial Details

The company’s market capitalization stands at ₹2,308 crore, representing its total market value.

With a stock price-to-earnings (P/E) ratio of 14.23, investors can gauge the company’s valuation relative to its earnings.

The return on capital employed (ROCE) is at 15.8%, indicating the efficiency with which the company utilizes its capital to generate profits.

A return on equity (ROE) of 19.3% reflects the company’s profitability in relation to shareholders’ equity.

However, the debt-to-equity ratio is relatively high at 1.82, suggesting a significant reliance on debt financing. The company’s total debt amounts to ₹1,410 crore, indicating its debt burden.

Earnings per share (EPS) is reported at ₹21.86, representing the company’s profitability per outstanding share. Despite a modest sales growth of 1.51%, these financial metrics collectively provide insights into the company’s financial health and performance.

Market Cap	₹ 2,308 Cr	Stock P/E	14.23
ROCE	15.8 %	ROE	19.3 %
Debt to equity	1.82	Debt	₹ 1,410 Cr
EPS	21.86	Sales growth	1.51 %

as of 13 Feb 2024

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Financial Statement

The company’s net sales witnessed a slight increase from ₹5,926 crores in 2021 to ₹9,313 crores in 2022, further rising to ₹9,454 crores in 2023.

Similarly, expenses also exhibited an upward trend, rising from ₹5,715 crores in 2021 to ₹9,012 crores in 2022, and reaching ₹9,198 crores in 2023.

Despite the increase in expenses, the company’s profit after tax experienced fluctuations, declining from ₹137 crores in 2021 to ₹183 crores in 2022 before dropping further to ₹123 crores in 2023. These figures provide insights into the company’s financial performance over the specified years.

Particulars	2023	2022	2021
Net Sales	9,454	9,313	5,926
Expenses	9,198	9,012	5,715
Profit After Tax	123	183	137

as of 13 Feb 2024 (₹ amount in crores)

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Rashi Peripheral is anticipated to debut on the stock exchange on February 14, 2024, with an initial trading price of ₹361, compared to its offer price of ₹311. This significant increase represents a gain of approximately 15% on its listing day.

Year	Min Target	Max Target
2024	₹375	₹391
2025	₹407	₹423
2026	₹433	₹449
2027	₹458	₹476
2028	₹486	₹506
2029	₹516	₹537
2030	₹548	₹570

as of 13 Feb 24

Year 2024 sees the stock’s anticipated performance with a minimum share price target of ₹375 and a maximum target of ₹391.

As we progress to 2025, the projected minimum target rises to ₹407 while the maximum target extends to ₹423.

Moving into 2026, investors can expect a minimum target of ₹433 and a maximum target of ₹449.

Looking ahead to 2027, the projected minimum target climbs to ₹458 with the maximum target reaching ₹476.

In 2028, the stock’s anticipated performance sets a minimum target of ₹486 and a maximum target of ₹506.

As we approach 2029, investors may anticipate a minimum target of ₹516 and a maximum target of ₹537.

Finally, by 2030, the projected minimum target is expected to reach ₹548 while the maximum target could potentially reach ₹570.

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Positive and Negative Points of Rashi Peripherals Ltd

Positive

The company boasts a strong track record of return on equity (ROE), with a consistent performance over three years, averaging at 30.9%.
Additionally, there has been a notable improvement in debtor days, decreasing from 42.1 to 33.6 days.

Negative

However, there are concerns regarding poor sales growth over the past year and quarter, indicating a stagnant or declining trend in revenue generation.

Disclaimer

Investing in stock market is risky and subject to the market condition. This article provides an examination of the company for educational purposes only. We are not SEBI( Stock exchange board of India) registered advisors, and this is not an investment advice. We do not provide tips or calls. Before making any investment decisions, please conduct your own research or consult a qualified financial advisor.