Docmode Health Technologies Limited share price target 2024, 2025, 2026 to 2030

In this article, we delve into a comprehensive analysis of Docmode Health Technologies 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

Docmode Health Technologies is engaged in providing integrated learning solutions through both online and offline learning models to healthcare professionals and learners worldwide, covering the entire education value chain. Their offline learning model includes hosting conferences and workshops.

Online course content undergoes review and presentation by either their dedicated in-house content development team or by medical institutions and associations, including subject matter experts and key opinion leaders. The focus is on effectively transferring knowledge and facilitating communication and networking among participants through their learning and professional networking platform.

Founded	July 17, 2017
Listing Date	02 Feb 24
Sector	Health Education
Headquarters	Mumbai
Official Website	docmode.org

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Financial Details

Market Cap	₹ 51.3 Cr	Stock P/E	9.13
ROCE	42.0 %	ROE	80.2 %
Debt to equity	1.68	Debt	₹8.1 Cr
Promoter Holding	65%	DII Holding	35%
EPS	8.66	Sales growth	165 %

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Financial Statement

As of February 2, 2024, the company’s financial performance over the past three years is summarized as follows:

In 2023, the net sales amounted to ₹33 crores, with expenses totaling ₹29 crores, resulting in a profit after tax of ₹2 crores.

In 2022, net sales were ₹12 crores, while expenses amounted to ₹11 crores, leading to a profit after tax of ₹1 crore.

In 2021, net sales were ₹7 crores, expenses amounted to ₹6 crores, resulting in a profit after tax of ₹1 crore.

Particulars	2023	2022	2021
Net Sales	33	12	7
Expenses	29	11	6
Profit After Tax	2	1	1

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Table of Docmode Health Technologies Share Price Target

Docmode Health Technologies made its debut on the BSE on February 2, 2024, with an initial share price of ₹190. This marked a substantial gain of 140% compared to the offer price of ₹79. Moving forward, we will conduct an analysis based on the company’s fundamentals to forecast the price of Docmode Health Technologies.

Year	Min Target	Max Target
2024	₹230	₹268
2025	₹286	₹322
2026	₹342	₹389
2027	₹406	₹439
2028	₹457	₹495
2029	₹517	₹562
2030	₹578	₹608

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Docmode Health Technologies Share Price Target 2024:

• Minimum Target: ₹230
• Maximum Target: ₹268

In the upcoming year, the company is anticipated to maintain a price range between ₹230 and ₹268

Docmode Health Technologies Share Price Target 2025:

• Minimum Target: ₹286
• Maximum Target: ₹322

Moving into 2025, the projected price range widens, reaching between ₹286 and ₹322.

Docmode Health Technologies Share Price Target 2026:

• Minimum Target: ₹342
• Maximum Target: ₹389

Further into the future, specifically in 2026, the anticipated price range expands to ₹342 to ₹389

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Docmode Health Technologies Share Price Target 2027:

• Minimum Target: ₹406
• Maximum Target: ₹439

By 2027, the company’s share price is expected to aim for a range of ₹406 to ₹439.

Docmode Health Technologies Share Price Target 2028:

• Minimum Target: ₹457
• Maximum Target: ₹495

Looking ahead to 2028, the minimum and maximum targets extend to ₹457 and ₹495, respectively.

Docmode Health Technologies Share Price Target 2029:

• Minimum Target: ₹517
• Maximum Target: ₹562

In the long term, by 2029, the company is anticipated to potentially reach a price range between ₹517 and ₹562.

Docmode Health Technologies Share Price Target 2030:

• Minimum Target: ₹578
• Maximum Target: ₹608

Projected into 2030, the minimum and maximum targets suggest a potential price range of ₹578 to ₹608.

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Positive and Negative Points of Docmode Health Technologies Ltd

Positive Points

1. The company’s business model is technology-driven, asset-light, and scalable, fostering efficiency and growth potential.
2. With a network of doctors across various specialties, the company is well-positioned for expansion and diversification.
3. Offering a diverse array of learning solutions through online courses enhances accessibility and market reach, with continuous addition of courses to align with evolving industry trends.

Negative Points

1. Dependency on relationships with healthcare professionals introduces a level of vulnerability to the business model.
2. Compliance with regulatory requirements poses potential challenges and uncertainties.
3. Operating within a competitive industry landscape may hinder market penetration and growth prospects, alongside high working capital requirements.

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.

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