Fonebox Retail Limited share price target 2024, 2025, 2026 to 2030

In this article, we delve into a comprehensive analysis of Fonebox Retail Limited (Fonebook) 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

Fonebox Retail Limited functions as a multi-brand retailer specializing in Smart Phones and related accessories. The company procures products from renowned brands such as Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax. Additionally, Fonebox extends its offerings to include consumer durable electronics goods such as Laptops, Washing Machines, Smart TVs, Air Conditioners, Fridges, and more, sourced from manufacturers like TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus.

Presently, Fonebox operates 153 stores in Gujarat. Among these, 40 stores follow the Company Owned and Company Operated retail outlets (COCO Model), while the remaining 113 stores operate under the Franchise Owned and Company Operated retail model (FOCO Model) as of September 2023. Moreover, the company collaborates with banks and financial institutions to offer financing options to its customers.

Founded	February 05, 2021
Listing Date	02 Feb 24
CEO & MD
Sector	Retail seller
Headquarters	Ahmedabad, Gujarat
Official Site	fonebook.in

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Financial Details

As of February 2, 2024, the company’s market capitalization stands at ₹ 194 Cr, reflecting its valuation in the stock market. The stock’s Price-to-Earnings (P/E) ratio of122 suggests that company might be overvalued at the current price

With a Return on Capital Employed (ROCE) of 56.8% and a Return on Equity (ROE) of 114%, the company demonstrates exceptional efficiency in utilizing its capital to generate profits and create shareholder value. These high ROCE and ROE figures reflect strong operational performance and effective capital allocation strategies, which are positive indicators of financial health and profitability.

The company’s debt-to-equity ratio of 0.55 and total debt of ₹5.07 Cr indicate a moderate level of leverage. While the company does have some debt, it is not excessive relative to its equity, suggesting a manageable level of financial risk. However, it’s important for the company to monitor and manage its debt levels effectively to avoid any potential liquidity or solvency issues.

Unfortunately, data regarding Foreign Institutional Investor (FII) and Domestic Institutional Investor (DII) holdings are not available, limiting a comprehensive assessment of investor sentiment and institutional interest in the company.

Furthermore, the company has reported an EPS of ₹1.56, indicating its earnings per share over the reporting period. Additionally, the company has experienced a remarkable sales growth of 115%, reflecting strong demand for its products or services. This impressive sales growth indicates the company’s ability to capture market share and capitalize on growth opportunities.

Market Cap	₹ 194 Cr	Stock P/E	122
ROCE	56.8 %	ROE	114 %
Debt to equity	0.55	Debt	₹ 5.07 Cr
FII Holding	10.33%	DII Holding	0.33%
EPS	1.56	Sales growth	115%

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Financial Statement

The company saw a substantial rise in sales from ₹91 Crores in 2022 to ₹196 Crores in 2023, signaling strong growth.

Despite increased expenses from ₹89 Crores to ₹190 Crores, the company managed to achieve a profit after tax of ₹2 Crores in 2023, a notable improvement from breakeven in 2022.

Overall, the company’s performance indicates positive momentum and potential for continued growth, contingent upon effective expense management.

Particulars	2023	2022
Net Sales	196	91
Expenses	190	89
Profit After Tax	2	0

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Table of Fonebox Retail Limited Share Price Target

FoneBox Retail debuted on the NSE at ₹200, marking an impressive gain of nearly 285% from its offer price of ₹70. As a prominent retailer of mobile devices, the company holds substantial upside potential in the market. Our analysis, based on the company’s fundamentals, will aid in forecasting its future share price.

Year	Min Target	Max Target
2024	₹263	₹295
2025	₹307	₹344
2026	₹371	₹408
2027	₹432	₹486
2028	₹503	₹523
2029	₹548	₹612
2030	₹642	₹709

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Fonebox Retail Limited Share Price Target 2024:

• Minimum Target: ₹263
• Maximum Target: ₹295

In the upcoming year, the company is anticipated to maintain a price range between ₹263 and ₹295

Fonebox Retail Limited Share Price Target 2025:

• Minimum Target: ₹307
• Maximum Target: ₹344

Moving into 2025, the projected price range widens, reaching between ₹307 and ₹344.

Fonebox Retail Limited Share Price Target 2026:

• Minimum Target: ₹371
• Maximum Target: ₹408

Further into the future, specifically in 2026, the anticipated price range expands to ₹371 to ₹408.

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Fonebox Retail Limited Share Price Target 2027:

• Minimum Target: ₹432
• Maximum Target: ₹486

By 2027, the company’s share price is expected to aim for a range of ₹432 to ₹486.

Fonebox Retail Limited Share Price Target 2028:

• Minimum Target: ₹503
• Maximum Target: ₹523

Looking ahead to 2028, the minimum and maximum targets extend to ₹503 and ₹523, respectively.

Fonebox Retail Limited Share Price Target 2029:

• Minimum Target: ₹548
• Maximum Target: ₹612

In the long term, by 2029, the company is anticipated to potentially reach a price range between ₹548 and ₹612.

Fonebox Retail Limited Share Price Target 2030:

• Minimum Target: ₹642
• Maximum Target: ₹709

Projected into 2030, the minimum and maximum targets suggest a potential price range of ₹642 to ₹709.

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Positive and Negative Points of Fonebox Retail Ltd

Positive Points

1. The company boasts a wide distribution network with 153 stores strategically positioned across Gujarat, enhancing accessibility and market reach.
2. Offering a diverse range of products enriches customer choices and caters to varied preferences.
3. Strategic placement of stores in high foot traffic areas maximizes visibility and potential customer engagement.

Negative Points

1. Operating as a high volume-low margin business model may pose challenges in maintaining profitability and sustainability.
2. Past reports of negative cash flows indicate potential cash flow management issues and financial instability.
3. Historical instances of net losses raise concerns about the company’s overall financial performance and profitability.

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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