Australian Premium Solar Limited share price target 2024, 2025, 2026 to 2030

In this article, we delve into a comprehensive analysis of Australian Premium Solar Limited 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

Australian Premium Solar was established in 2013. It manufacture solar panels. It provide engineering, procurement and construction services for homes, agriculture and business. The company provide installation services for rooftop solar panels for homes and business, solar water pumps for agricultural users.

It has 15+ years of experience in the solar installation service. The compnay has a total installed capacity of 500 MW(MegaWatt) , company has serviced 11,000+ customers with installation of solar panels, of which 10000+ have installed on roofs of residential buildings and 2300+ with solar pumps for agriculture.

Founded 2013
NSE SybmolAPS
Listing DateJanuary 18, 2024
CEO Nikunj Patel
SectorSolar Panel
HeadquartersSabarkantha, Gujarat

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Financial Details

As of January 29, 2024, the company’s market capitalization stands at ₹389 crore.

Despite a high stock price-to-earnings (P/E) ratio of 117, indicating a relatively expensive valuation compared to its earnings,

it maintains a healthy Return on Capital Employed (ROCE) of 33.4%, reflecting efficient capital utilization. The Return on Equity (ROE) is at 26.0%, indicating satisfactory returns for shareholders.

With a low debt-to-equity ratio of 0.15 and total debt of ₹2.23 crore, the company demonstrates a conservative financial structure.

Foreign Institutional Investors (FIIs) hold a stake of 4.49%, while Domestic Institutional Investors (DIIs) hold 8.01%. Indicates foreign and local investors confidence in the company.

The Earnings Per Share (EPS) is high at ₹1,665, signifying significant profitability per outstanding share.

However, the company experienced a slight decline in sales, with a negative growth rate of -3.52%, indicating a decrease in revenue compared to the previous period.

Market Cap389CrStock P/E117
ROCE33.4 %ROE26.0 %
Debt to equity0.15Debt₹ 2.23 Cr
FII Holding4.49%DII Holding8.01%
EPS₹ 1,665Sales growth -3.52 %
as of 29 Jan 2024

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Financial Statement

As of January 29, 2024, the company’s financial performance over the past three years demonstrates varying trends. In 2023, net sales amounted to ₹94.56 crore, showing a slight decrease from ₹98.01 crore in 2022 but an increase compared to ₹74.01 crore in 2021.

Meanwhile, expenses were at ₹88.52 crore in 2023, slightly lower than ₹92.74 crore in 2022 but higher than ₹70.38 crore in 2021.

Consequently, the company achieved a profit after tax of ₹3.33 crore in 2023, higher than the previous year’s ₹2.70 crore and significantly higher than ₹1.80 crore in 2021. These figures suggest a mixed performance, with fluctuations in both sales and expenses, but an overall improvement in profitability over the specified period.

Particulars202320222021
Net Sales94.5698.0174.01
Expenses88.5292.7470.38
Profit After Tax3.332.701.80
as of 29 Jan 2024 (₹ amount in crores)

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Table of Australian Premium Solar Share Price Target

On January 29, 2024, Australian Premium’s stock closed at ₹197, marking a 5% gain and extending the streak of upper circuit performance in the company.

YearMin TargetMax Target
2024₹240₹260
2025₹285₹320
2026₹340₹380
2027₹412₹456
2028₹478₹538
2029₹585₹688
2030₹702₹772
as of 29 Jan 24

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Australian Premium Solar share price target in 2024:

  • Minimum Target: ₹240
  • Maximum Target: ₹260

In the upcoming year, the company is anticipated to maintain a price range between ₹240 and ₹260.

Australian Premium Solar share price target in 2025:

  • Minimum Target: ₹285
  • Maximum Target: ₹320

Moving into 2025, the projected price range widens, reaching between ₹285 and ₹320.

Australian Premium Solar share price target in 2026:

  • Minimum Target: ₹340
  • Maximum Target: ₹380

Further into the future, specifically in 2026, the anticipated price range expands to ₹340 to ₹380.

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Australian Premium Solar share price target in 2027:

  • Minimum Target: ₹412
  • Maximum Target: ₹456

By 2027, the company’s share price is expected to aim for a range of ₹412 to ₹456.

Australian Premium Solar share price target in 2028:

  • Minimum Target: ₹478
  • Maximum Target: ₹538

Looking ahead to 2028, the minimum and maximum targets extend to ₹478 and ₹538, respectively.

Australian Premium Solar share price target in 2029:

  • Minimum Target: ₹585
  • Maximum Target: ₹688

In the long term, by 2029, the company is anticipated to potentially reach a price range between ₹585 and ₹688.

Australian Premium Solar share price target in 2030:

  • Minimum Target: ₹702
  • Maximum Target: ₹772

Projected into 2030, the minimum and maximum targets suggest a potential price range of ₹702 to ₹772.

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Positive and Negative Points of Australian Premium Solar Ltd

Positive:

  • Sector is growing with high future growth potential: The company operates in a sector experiencing robust growth, offering promising prospects for future expansion and profitability.
  • Debt reduction compared to the previous year: The company has successfully decreased its debt load from the previous year, enhancing its financial stability and reducing associated risks.
  • Institutional investor interest with over 12% shareholding: The significant institutional shareholding, exceeding 12%, indicates strong investor confidence and support in the company’s growth trajectory and potential.

Negative:

  • Reduced sales growth last year: Despite positive aspects, the company experienced a decline in sales growth compared to the previous year, signaling potential challenges or market constraints that may impact future performance.

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.

FAQs

What is the price target for Australian Premium Solar in 2024?

In 2024, the company is anticipated to maintain a price range between ₹240 and ₹260.

What are the projected share price targets for Australian Premium Solar in 2025?

Moving into 2025, the projected price range widens, reaching between ₹285 and ₹320.

What are the anticipated share price targets for Australian Premium Solar in 2026?

Further into 2026, the anticipated price range expands to ₹340 to ₹380.

What are the projected share price targets for Australian Premium Solar in 2028?

Looking ahead to 2028, the minimum and maximum targets extend to ₹478 and ₹538, respectively.

What are the projected share price targets for Australian Premium Solar in 2030?

Projected into 2030, the minimum and maximum targets suggest a potential price range of ₹702 to ₹772.