Deem Roll Tech Limited Share price target 2024, 2025, 2026, 2027 to 2030

In this article, we delve into a comprehensive analysis of Deem Roll Tech Limited share price targets for the years 2024, 2025, 2026, 2027, 2028, 2029, and 2030. Our examination spans various perspectives, including financial metrics, fundamental analysis, technical analysis, and more.

About

Promoted by a technocrat and a first-generation entrepreneur, the company asserts itself as a prominent manufacturer of high-quality steel and alloy rolls in India, crucial for the iron and steel rolling mill industry. Its rolls are widely utilized in both domestic and international markets within the industry. With approximately 20 years of experience, the company has established a reputation for delivering superior quality and reliability in roll manufacturing. It caters to standard specifications and customizes its products to meet specific customer requirements, emphasizing a dedication to excellence in every aspect of its operations.

Founded	May 2003
Listing Date	27 Feb 2024
Chairmen	Jaydev Ramesh Betai
Sector	Steel & Alloys
Headquarters	Ahmedabad, Gujarat
Official Website	deemrolls.com

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Financial Details

As of February 27, 2024, the company has a market capitalization of ₹180 crore.

Its stock is trading at a price-to-earnings ratio of 14.46, reflecting investor confidence in its earnings potential.

The return on capital employed (ROCE) stands at a healthy 19.3%, indicating efficient utilization of resources to generate profits. Similarly, the return on equity (ROE) is robust at 16.8%, showcasing the company’s ability to generate returns for its shareholders.

With a debt-to-equity ratio of 0.43 and a debt of ₹20.6 crore, the company maintains a prudent level of leverage.

The promoter holds a significant stake of 67.12%, demonstrating strong confidence from the company’s founders. Other shareholders hold the remaining 32.88%.

The earnings per share is reported at ₹8.92. Moreover, the company has achieved a commendable sales growth of 10.86%, highlighting its revenue expansion over the specified period.

Market Cap	₹ 180 Cr	Stock P/E	14.46
ROCE	19.3 %	ROE	16.8 %
Debt to equity	0.43	Debt	₹ 20.6 Cr
Promoter Holding	67.12%	Others Holding	32.88%
EPS	8.92	Sales growth	10.86%

as of 27 Feb 2024

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Financial Statement

Particulars	2023	2022	2021
Net Sales	103	92	64
Expenses	91	82	53
Profit After Tax	7	4	3

as of 27 Feb 2024 (₹ amount in crores)

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Year	Min Target	Max Target
2024	₹220	₹242
2025	₹266	₹293
2026	₹322	₹354
2027	₹389	₹428
2028	₹471	₹518
2029	₹570	₹627
2030	₹690	₹759

as of 27 Feb 24

As of February 27, 2024, the projected share price targets for the company indicate a gradual upward trend over the coming years.

In 2024, the minimum target is set at ₹220, with a maximum target of ₹242.

Subsequently, in 2025, the projected share price ranges between ₹266 (minimum target) and ₹293 (maximum target).

Looking ahead to 2026, the share price is anticipated to range from ₹322 to ₹354.

As the forecast extends to 2027, the projected share price targets continue to climb, with estimates ranging between ₹389 and ₹428.

By 2028, the expected share price ranges from ₹471 (minimum target) to ₹518 (maximum target).

The upward trajectory persists, with projected share prices of ₹570 to ₹627 in 2029, and ₹690 to ₹759 in 2030. This progressive outlook reflects the anticipated growth and performance expectations for the company’s stock in the coming years.

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.