In this article, we delve into a comprehensive analysis of Manoj Ceramic 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.
Table of Contents
About
Established in 1991, Manoj Ceramics specializes in contract-based manufacturing of wall and floor ceramic tiles and tile adhesives. The company distributes its tiles through a dealer network, retail showrooms, and export channels, catering to architects, builders, and contractors in both domestic and international markets. With more than 30 years of experience, Manoj Ceramics sources its tiles from third-party manufacturers.
| Founded | 1991 |
| Listing Date | 03 Jan 2024 |
| CEO & MD | Mr. Dhruv Manoj Rakhasiya |
| Sector | Ceramic Products (floor tiles) |
| Headquarters | Mumbai |
| Official Website | https://mcplworld.com/ |
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Financial Details
As of January 29, 2024, the market capitalization of the company stands at ₹71.3 crores.
The stock’s Price-to-Earnings (P/E) ratio is 19.7, reflecting the market’s valuation of the company’s earnings.
The Return on Capital Employed (ROCE) is at 18.1%, indicating the company’s ability to generate profits relative to the capital invested.
Additionally, the Return on Equity (ROE) is impressive at 41.1%, signifying the company’s efficiency in generating returns for its shareholders.
However, the Debt-to-Equity ratio is relatively high at 5.00, suggesting a higher level of debt compared to equity. The total debt of the company amounts to ₹50.6 crores.
Promoter Holdings constitute the majority ownership with 71.67%, while Public Holdings account for 28.33%.
Earnings per Share (EPS) stand at ₹241, indicating the company’s profitability on a per-share basis.
Furthermore, the company has achieved substantial sales growth of 70.4% over the specified period, reflecting a significant increase in revenue.
| Market Cap | ₹ 71.3 Cr | Stock P/E | 19.7 |
| ROCE | 18.1 % | ROE | 41.1 % |
| Debt to equity | 5.00 | Debt | ₹ 50.6 Cr |
| Promoter Holdings | 71.67% | Public Holdings | 28.33% |
| EPS | ₹ 241 | Sales growth | 70.4 % |
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Financial Statement
As of January 29, 2024, the company’s financial performance over the specified period reflects varying trends.
In 2023, the company experienced a notable increase in Net Sales, reaching ₹73.51 crores, compared to ₹43.14 crores in 2022 and ₹35.57 crores in 2021.
Concurrently, Expenses also saw an upward trajectory, totaling ₹64.93 crores in 2023, up from ₹39.10 crores in 2022 and ₹31.41 crores in 2021.
Despite higher expenses, the company achieved a Profit After Tax (PAT) of ₹3.62 crores in 2023, marking a significant improvement compared to the preceding years’ PAT of ₹0.95 crores in 2022 and ₹0.08 crores in 2021.
| Particulars | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Sales | 73.51 | 43.14 | 35.57 |
| Expenses | 64.93 | 39.10 | 31.41 |
| Profit After Tax | 3.62 | 0.95 | 0.08 |
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Table of Manoj Ceramic Ltd Share Price Target
On January 29, 2024, Manoj Ceramic’s stock price closed at ₹86.5, reflecting a decline of 23.64% from its all-time high. In this analysis, we will assess the company’s performance and prospects for the upcoming years.
| Year | Min Target | Max Target |
|---|---|---|
| 2024 | ₹107 | ₹ 118 |
| 2025 | ₹128 | ₹138 |
| 2026 | ₹152 | ₹166 |
| 2027 | ₹178 | ₹186 |
| 2030 | ₹202 | ₹219 |
| 2040 | ₹227 | ₹252 |
| 2050 | ₹277 | ₹293 |
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Manoj Ceramic Limited share price target in 2024:
- Minimum Target: ₹107
- Maximum Target: ₹118
In the upcoming year, the company is anticipated to maintain a price range between ₹107 and ₹118
Manoj Ceramic Limited share price target in 2025:
- Minimum Target: ₹128
- Maximum Target: ₹138
Moving into 2025, the projected price range widens, reaching between ₹128 and ₹138.
Manoj Ceramic Limited share price target in 2026:
- Minimum Target: ₹152
- Maximum Target: ₹166
Further into the future, specifically in 2026, the anticipated price range expands to ₹152 to ₹166.
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Manoj Ceramic Limited share price target in 2027:
- Minimum Target: ₹178
- Maximum Target: ₹186
By 2027, the company’s share price is expected to aim for a range of ₹178 to ₹186.
Manoj Ceramic Limited share price target in 2028:
- Minimum Target: ₹202
- Maximum Target: ₹219
Looking ahead to 2028, the minimum and maximum targets extend to ₹202 and ₹219, respectively.
Manoj Ceramic Limited share price target in 2029:
- Minimum Target: ₹227
- Maximum Target: ₹252
In the long term, by 2029, the company is anticipated to potentially reach a price range between ₹227 and ₹252.
Manoj Ceramic Limited share price target in 2030:
- Minimum Target: ₹277
- Maximum Target: ₹293
Projected into 2030, the minimum and maximum targets suggest a potential price range of ₹277 to ₹293.
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Positive and Negative Points of Manoj Ceramic Ltd
Positive
- ROCE is 18.1% which exceeds our benchmark of 15%: The Return on Capital Employed (ROCE) stands at 18.1%, surpassing our benchmark of 15%, indicating efficient utilization of capital to generate returns.
- ROE is 41.1% which exceeds our benchmark of 15%: The Return on Equity (ROE) is 41.1%, exceeding our benchmark of 15%, demonstrating the company’s ability to generate profits from shareholders’ equity.
Negative:
- Debt to equity is 5 which is very high: The Debt to Equity ratio of 5 indicates that the company is highly leveraged, with a substantial portion of its funding coming from debt, posing potential risks associated with financial leverage.
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 are the stock price targets for Manoj Ceramic Limited in 2024?
In 2024, the company is anticipated to maintain a price range between ₹107 and ₹118.
What are the projected stock price targets for Manoj Ceramic Limited in 2025?
Moving into 2025, the projected price range widens, reaching between ₹128 and ₹138.
What are the anticipated stock price targets for Manoj Ceramic Limited in 2027?
By 2027, the company’s share price is expected to aim for a range of ₹178 to ₹186.
What are the projected stock price targets for Manoj Ceramic Limited in 2030?
Projected into 2030, the minimum and maximum targets suggest a potential price range of ₹277 to ₹293.
